Popular crypto analyst and trader Michaël van de Poppe predicts that an Ethereum (ETH) competitor may experience a price spike.
Van de Poppe told his 582,000 Twitter followers that Near Protocol (NEAR) was “ready for a big run” after finding a level of support. told.
“NEAR is probably ready for a big run, just like the entire market is looking, but we need to find ourselves a support level before we can keep moving.”
NEAR is the native token of the NEAR Protocol, a decentralized application platform designed for scalability and stability.
Van de Poppe states that the $14 range could be a good “buy at the bottom” opportunity for the asset.
NEAR, the 18th ranked crypto asset by market cap, is trading at $16.60 at the time of writing, up 7.49% in the last 24 hours.
The crypto analyst also thinks Ethereum looks good despite the recent price drop.
“Ethereum looks better too. It’s still a dubious move as the week approaches its close, but it’s starting to take shape a little better.”
Van de Poppe says Ethereum’s “significant resistance” is around $3,600. Ethereum is trading at $3,027 at the time of writing, down about 0.24% in the last 24 hours.
The crypto strategist is also closely following Ethereum scaling solution Skale (SKL). According to the crypto strategist, SKL is rapidly approaching an important support level between $0.16 and $0.18.
“This is getting there: SKL.”
You can check the price movements here.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, KoinFinans and the author of this content cannot be held responsible for personal investment decisions.