NEAR Protocol

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 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.
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 “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.”
 <figure style="width: 100%" class="wp-caption aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GMDmp7Aa0AAQ0pF?format=jpg&amp;name=large" alt="Image" width="1324" height="1147">
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 Source: Bluntz/X
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 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 <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> tool that the pseudonymous analyst regularly uses, the main trend of the price of an asset moves in a five-wave pattern while a correction occurs in a three-wave pattern.
 NEAR is trading at $7.15 at time of writing.
 Turning to Bitcoin (BTC), the pseudonymous analyst says that the flagship crypto asset is flashing a reversal signal on the one-hour chart.
 Based on Bluntz’s chart, Bitcoin has formed a bullish divergence – where the price was trending downwards while the Relative Strength Index (RSI) indicator was on an upward trajectory. The RSI is a momentum oscillator used to determine overbought or oversold conditions.
 “I’m still very much taking a risk-on perspective and still thinking new all-time highs in the next one to two weeks.”
 <figure style="width: 100%" class="wp-caption aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GMChw1HasAEsQ1r?format=jpg&amp;name=large" alt="Image" width="1319" height="1154">
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 Source: Bluntz/X
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 Bitcoin is trading at $63,000 at time of writing.
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Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/hands-down-a-market-leader-right-now-trader-says-top-ethereum-rival-will-be-one-of-the-first-to-hit-new-highs-tbt86737.html">https://thebittimes.com/hands-down-a-market-leader-right-now-trader-says-top-ethereum-rival-will-be-one-of-the-first-to-hit-new-highs-tbt86737.html</a>

‘Hands Down a Market Leader Right Now’: Trader Says Top Ethereum Rival Will Be One of the First To Hit New Highs

TheBitTimes

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