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Trader Has His Eyes on That Ethereum Rival! ‘God Candle’ Is Coming

Usta Trader’ın Gözü, O Ethereum Rakibinde! ‘Tanrı Mumu’ Geliyor
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The latest statements of Bluntz, a popular cryptocurrency analyst, have attracted attention. Altcoin investors, in particular, are paying attention to the analyst’s expectations. Because Bluntz shared a bullish forecast for NEAR, a rival to the leading altcoin Ethereum (ETH). In fact, the analyst claims that a “god candle” is “loading” for the NEAR coin. Meanwhile, NEAR is on the agenda with a 10 percent increase. Here are all the details…

Crypto trader is watching Ethereum rival

A top crypto trader is extremely bullish on a rival to Ethereum (ETH). The pseudonymous analyst known as Bluntz tells his 300,000 followers on social media platform X that “a god candle is loading” for the layer-1 blockchain project Near Protocol (NEAR). NEAR is trading at $6.70 at the time of writing. The 24th ranked crypto asset by market cap is up about 9.5 percent in the last 24 hours and more than 22 percent in the last week. The analyst also says:

The USD pair has retested a major breakout and the BTC pair is about to break a major downtrend. Besides meme coins, I think layer-1 altcoins, gaming; these are the two sectors that look the best I can see.

Bullish expectations for the altcoin market

Bluntz is also bullish on the altcoin sector in general. The analyst had also predicted earlier this week that the correction in Dogecoin (DOGE) would end soon. Bluntz shared a chart showing that DOGE could rise above $1 before its five-wave rally ends. The expert uses the following statements:

Considering that altcoins are in extremely good shape, I think many of them will rise sharply this week as soon as BTC gets a bid, which I think is imminent. The current DOGE fourth wave seems to have ended here. Dogecoin has been in a flat correction for two weeks now, and many people got bored and started chasing the next shiny thing. In reality, the DOGE parabola has just started, I don’t think there’s any profit taking until the minimum of $1.

Bluntz applies the Elliott Wave theory, which states that a bullish asset tends to witness five-wave swings before witnessing an ABC correction. According to the theory, the first, third, and fifth waves indicate upward bursts. On the other hand, the second and fourth waves indicate corrective periods. According to current data, DOGE is trading around $0.40 at the time of writing. The 7th-ranked crypto asset by market cap is up about 4.5 percent in the past day.

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Trader Has His Eyes on That Ethereum Rival! ‘God Candle’ Is Coming
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