Cryptocurrency market watchers often keep a keen eye on the predictions made by renowned analysts. One such analyst, Bluntz, who is known for his insightful market forecasts, has recently provided his outlook on four prominent cryptocurrencies. These predictions come at a time when the crypto market is experiencing significant price fluctuations, making his insights particularly noteworthy for traders and investors.
Anticipating a Milestone for Near Protocol
Bluntz has expressed a bullish stance on Near Protocol (NEAR), a blockchain competing with Ethereum. He suggests that NEAR could potentially break its 22-month peak of $9.01, which it achieved recently. Utilizing the Elliott Wave theory, which proposes that asset prices move in predictable wave patterns, Bluntz identified two complete five-wave uptrends for NEAR on its four-hour chart. His analysis points to a possible rise in NEAR’s price, reaching as high as $9.53 in the near future. Despite the optimistic forecast, NEAR is currently trading at a lower value of $7.29.
Optimistic Views on Bitcoin, Ethereum, and Dogecoin
Extending his analyses to Bitcoin (BTC) and Ethereum (ETH), Bluntz indicated that the two cryptocurrency giants appear to be bottoming out and are poised for a rebound. Chart analysis reveals that both have completed their respective three-wave correction patterns. Presently, Bitcoin is trading at $71,200, while Ethereum is being bought at $3,591, with both showing an uptrend in the market.
Turning his attention to Dogecoin (DOGE), the leading meme-based cryptocurrency, Bluntz’s interpretation of its 30-minute chart suggests an end to its corrective downtrend. He hinted at the possibility that there might not be a further pullback for DOGE, which is currently seeing a 16% surge in its trading price at $0.21.
This concise synthesis of Bluntz’s predictions provides a snapshot of what could be on the horizon for these four cryptocurrencies. Market participants may find Bluntz’s analysis as a helpful tool in navigating the volatile crypto landscape.