Analyst Bluntz, who has a close following in the cryptocurrency markets, announced his predictions for three crypto assets amid a slight rise in the markets.
First, the analyst shared his exciting new predictions for NEAR Protocol (NEAR). According to Bluntz’s updated analysis, it is predicted that NEAR could rebound above the 22-month high of $9.01 it reached recently. Analyst says NEAR could be the first tier-1 cryptocurrency to peak again in the top 50 by market cap in 2024 believes.
In Bluntz’s evaluation based on his technical analysis, we see clear traces of the Elliott Wave Theory in NEAR’s price movements. On the four-hour charts, NEAR’s price appears to have formed two five-wave patterns, indicating important price levels.
According to the chart, it is stated that the first five-wave formation can be completed above $ 8.80, while the second formation can be completed around $ 9.53. These points represent critical price levels for NEAR and can be important reference points for investors. In summary, Bluntz’s analysis paints a promising picture for NEAR Protocol. The altcoin is trading at $7.29 at the time of writing.
Other cryptocurrencies evaluated by the analyst were Bitcoin (BTC) and Ethereum (ETH). Bluntz thinks the two largest crypto assets by market cap appear to have established a price base and will now begin to rise again from there. According to Bluntz’s charts, both Bitcoin and Ethereum appear to have completed a three-wave downward correction pattern.
looking like low timeframe flats done on the big dogs $eth oath #btcthey both should start pushing higher again from here. pic.twitter.com/InpQ7XmZkB
— Bluntz (@Bluntz_Capital) March 26, 2024
While Bitcoin was trading at $70,654 at the time of writing this article, Ethereum was at $3,579.
Finally looking at Dogecoin (DOGE), Bluntz claims that the largest meme coin by market cap has completed a three-wave correction pattern on the 30-minute chart, indicating a potential end to the downtrend.
“I’m starting to think this isn’t going to create a deeper pullback, it’s certainly strong, there’s no doubt about that.”
You can access current market movements here.
