Cryptocurrency enthusiasts are always on the lookout for the next big thing in the market, and one crypto strategist believes that Near (NEAR) is ready to make some significant gains. Bluntz, a well-known analyst with a large following on social media, points out that NEAR has broken out of a falling wedge pattern on the three-day chart, indicating a potential bullish reversal.
The falling wedge pattern is seen as a signal that buyers are stepping in to slow down the decline in an asset’s price. Bluntz is optimistic about NEAR’s potential, stating that the trend break is a positive sign for the cryptocurrency. Drawing comparisons to Sui (SUI), another layer-1 protocol that has seen gains of around 120% this month, Bluntz suggests that NEAR could be on the path to a breakout.
As of the time of writing, NEAR is trading at $5.38, up more than 5% in the past day. Bluntz is also bullish on the Solana (SOL)-based memecoin dogwifhat (WIF), noting that it has broken above a multi-month resistance level. With WIF currently trading at $2.01, well above its diagonal resistance, Bluntz hints at the possibility of a second round of gains for the meme-inspired coin.
For cryptocurrency enthusiasts looking to stay updated on the latest market trends, Bluntz recommends subscribing to email alerts and following relevant social media channels like X, Facebook, and Telegram. By keeping a close eye on price action and staying informed about market movements, traders can position themselves for potential gains in the ever-changing world of cryptocurrencies.
In conclusion, the cryptocurrency market is full of opportunities for traders and investors alike. With the right insights and analysis, it is possible to identify altcoins like NEAR and WIF that have the potential for significant gains. By staying informed and following expert advice, crypto enthusiasts can navigate the market with confidence and capitalize on emerging trends.