A popular crypto analyst, known as Bluntz, is making some bold predictions about the cryptocurrency market. With a large following on X (formerly Twitter), Bluntz is particularly bullish on two assets: NEAR Protocol and Dogecoin.
NEAR Protocol: A “God Candle” is Coming?
Bluntz believes a major price surge is imminent for NEAR Protocol (NEAR), a competitor to Ethereum. He claims that “a god candle is loading,” indicating a significant price increase is on the horizon. He points to technical indicators suggesting both a USD and BTC breakout are near. He sees altcoins, especially layer-1 blockchains like NEAR, as a strong investment opportunity. At the time of writing, NEAR is trading at $6.70, up significantly over the past 24 hours and week.
Dogecoin: The Parabola is Just Beginning
Bluntz also shared his optimistic outlook on Dogecoin (DOGE). He thinks the recent correction is over and that DOGE is poised for a significant rally, potentially exceeding $1 before its current five-wave surge ends. He uses the Elliott Wave theory to support his prediction, suggesting the current sideways movement is just a temporary correction. Currently, DOGE is trading around $0.40.
Overall Market Sentiment
Bluntz is generally positive about the altcoin market, expecting many altcoins to perform well soon, particularly once Bitcoin shows signs of recovery, which he believes is also imminent.
Disclaimer: This information is for general knowledge and entertainment purposes only and does not constitute financial advice. Always conduct your own thorough research before making any investment decisions.
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