The host of the Coin Bureau YouTube channel, Guy Turner, is bullish on an Ethereum (ETH) rival that’s more than tripled in price since October of 2023.
In a new video, Turner tells the 2.41 million subscribers of the Coin Bureau channel that the native token of the layer-1 blockchain NEAR Protocol (NEAR) could go up by around 151% from the present level if the current conditions driving the upward trend persist.
“If this demand-side momentum continues, NEAR could rally as high as $8 in the short term, consistent with the bull flag pattern which appears to be forming on the weekly and the zone of resistance from the previous crypto bull market which is likewise around $8.
The fact that NEAR only has a market cap of around $3.5 billion means that it has a lot of room to grow relative to the other layer-1 blockchains.”
Source: Coin Bureau/YouTube
A bull flag is a continuation pattern that suggests an asset will continue rising after a consolidation period.
NEAR is tradi
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