- Renowned market analyst, Bluntz, has revealed his bullish outlook for NEAR Protocol (NEAR), a prominent cryptocurrency recently gaining traction in the market.
- He has extended his analysis to include another digital asset, dogwifhat (WIF), a popular memecoin.
- Bluntz’s outlook has sparked interest due to his reputation for accurate market predictions and in-depth technical analysis.
Discover the latest trends in cryptocurrency markets with expert analysis and detailed forecasts on NEAR Protocol and dogwifhat (WIF).
Potential 63% Growth Forecast for NEAR Protocol
The crypto analyst Bluntz has made waves with his prediction that NEAR Protocol, currently a top-20 cryptocurrency by market cap, is poised for significant growth. Referencing the upward breach of an ascending channel on the four-hour chart, he anticipates a robust bullish run. This pattern is typically a strong indicator of continued upward momentum, mirroring Bitcoin’s path before its significant breakout in 2023. Bluntz suggests that NEAR, currently valued at $6.14, may climb above $10 in the upcoming weeks, presenting a potential 63% increase. The ascending channel’s breakout is seen by Bluntz as a telltale sign of forthcoming price surges.
Will Dogwifhat (WIF) See a New Upward Trend?
Alongside his optimistic outlook on NEAR, Bluntz noted potential upward movement for dogwifhat (WIF), a highly followed memecoin. Leveraging the Elliott Wave theory, which involves recognizing five-wave patterns during an asset’s main trend with corrections typically occurring in three-wave patterns, Bluntz identified that WIF has completed its correction phase on the one-hour chart. This completion often signals a new trend wave, suggesting that WIF, currently priced at $2.45, may be on the brink of initiating a new upward trend. Bluntz’s analysis highlights the importance of chart patterns and wave theories in anticipating future market movements for digital assets.
Conclusion
In summary, Bluntz’s expert analyses provide valuable insights into the potential future movements of NEAR Protocol and dogwifhat (WIF). His forecast of a 63% increase for NEAR and a promising new trend for WIF underlines the potential these assets hold in the near term. Investors should note the importance of conducting personal research and staying informed about market dynamics to effectively navigate the high volatility and risk inherent in cryptocurrency investments.
