Bluntz predicted Bitcoin price bottom during 2018 bear market, Ethereum rival altcoin Near Protocol A remarkable prediction for published.
Bluntz stated that he expects the native token of layer-1 protocol Near to rise to a level last seen in May 2022. It appears to be in the midst of a five-wave surge that could see the altcoin approach $10 within a few days, according to the analyst.
“NEAR looks like a turbo bull here. I think net ABC from the highs to the lows spent all weekend accumulating and is now breaking out. “According to IMO, it should be one of the first to set new peaks.”
Bluntz uses Elliott Wave theory to predict future price movements of crypto assets. As we reported as Koinfinans.com, a bullish altcoin ABC tends to witness a five-wave rally after completing its corrective move.
At the time of this writing, NEAR is trading at $7.60, up over 3% in the past day.
Trader also keeps a close eye on Ethereum scaling solution Arbitrum (ARB). Bluntz says the altcoin is showing multiple bullish reversal signals on the daily chart.
“Not only does the ARB appear to be as clear as the day ABC, but there is also a daily bullish divergence on this daily closing print.”
Investors generally keep a close eye on assets that show bullish divergence. This indicates that although the price is trending down or sideways, the rise is reversing as the asset gains momentum.
At the time of this writing, ARB is trading at $1.70.
Bluntz says he also expects a rally for Solana (SOL)-based meme token Slerf (SLERF).
“The initial excitement and initial retreat in SLEF seems to be over. After it cooled down, I took a punt.”
