Cryptocurrency analyst Bluntz has identified NEAR Protocol (NEAR) as a standout performer in the current market.
NEAR’s Market Dominance
Bluntz believes NEAR has outperformed its competitors and is poised to make significant gains. He notes that the altcoin has continued to reach new highs while others have stalled.
Target Price and Elliott Wave Analysis
Based on Bluntz’s analysis, NEAR could potentially reach a target price above $10, representing a 40% increase from its current level. He believes the price action is following a five-wave pattern, with the main trend moving in that direction.
Bitcoin’s Reversal Signal
Bluntz also discusses Bitcoin (BTC), suggesting that it is showing a reversal signal on the one-hour chart. He points to a bullish divergence between the price trend and the Relative Strength Index (RSI) indicator, which suggests a potential upward movement.
Optimistic Outlook
Despite market volatility, Bluntz remains optimistic about the future of cryptocurrencies. He believes that Bitcoin and other assets could reach new all-time highs within the next one to two weeks.
