A widely followed cryptocurrency analyst and trader is expressing bullish sentiment on a top-20 altcoin by market cap.
The analyst pseudonymously known as Bluntz tells his 257,300 followers on the social media platform X that Ethereum (ETH) competitor NEAR Protocol (NEAR) is currently outperforming other crypto assets.
“Love how NEAR just keeps plodding along making fresh highs while everything else has stalled out and continued accumulating.
This is hands down a market leader right now, will definitely be one of the first to make fresh highs.”
Source: Bluntz/X
Based on Bluntz’s eight-hour chart, it appears that the pseudonymous analyst’s first target is above $10, around 40% from the current level, after potentially surging in a five-wave pattern that commenced in mid-April.
According to the Elliott Wave theory, a technical analysis tool that the pseudonymous analyst regularly uses, the main trend of the price of an asset moves in a five-wave pattern while a corre
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