May 31, 2024

Taylor Daily Press

Complete News World

The famous analyst expects a significant increase in this cryptocurrency

The famous analyst expects a significant increase in this cryptocurrency

Popular but pseudonymous analyst The CryptoDog is bullish on the Near (NEAR) smart contract protocol; A new competitor to Ethereum. The analyst claims that NEAR is about to break the diagonal resistance on the daily chart.

NEAR will rise soon

“NEAR will soon start moving. Maybe not today, but soon. Bitcoin is flat, Solana is red, NEAR is green. This catches my attention,” the analyst said.

NEAR is now seeing a slight decline over the past 24 hours, while Bitcoin is neutral over the same period.

This does not change the fact that NEAR could actually break the diagonal resistance in the above chart of The Crypto Dog.

To achieve this, the project must exceed the $7.20 level. It is currently priced at $6.99, which is not the case yet. At this price, NEAR has a market cap of $7.42 billion and is ranked 20th on CoinMarketCap.

Crypto Dog states that it is only a matter of time before we see a price near $9.00 on the boards. However, don't forget that as a pseudonymous analyst, it is very easy to make this kind of statement.

After all, they are hiding behind this nickname. Basically we have no idea who we are dealing with.

It's not just bullish on NEAR

Crypto Dog is not just bullish on NEAR. His current focus is also on Injective (INJ). According to the analyst, the altcoin looks “interesting” at the moment, after the bulls defended the $30 price level.

“INJ looks interesting for the first time in a long time,” marveled the analyst.

Injective is currently trading at $34.76, which means it has a market. With a value of $3.25 billion.

See also  Conciliation meeting at NMBS comes to nothing: 48-hour double strike continues on the railways

As for the cryptocurrency market in general, The Crypto Dog predicts that the recent correction is aimed at pushing the “weaker hands” out of the market.

“Maybe I'm too optimistic, but the down days have been looking like a shakeout. I'm bullish on this market until something significant happens that changes the status quo. We should get a clear trend in the next seven days,” the analyst concludes his story.

Trade €10,000 for free and get a €10 bonus

Do you want to enter the world of cryptocurrencies and perhaps buy Bitcoin or any other cryptocurrency? Then take your chance now with this exclusive offer! Thanks to a special deal between Newsbit and Bitvavo, one of the most accessible and user-friendly cryptocurrency exchanges in Europe, our readers receive an exclusive offer.

Create an account with Bitvavo via the button below and receive a welcome gift of €10 absolutely free. And that's not all – you also don't pay trading fees on the first €10,000 of transactions. Register now!