Top Analyst Says Ethereum Rival Coming in Hot, Sees Altcoin Mirroring Sui’s Explosive Rally
A crypto strategist closely followed for well-timed altcoin predictions thinks one Ethereum (ETH) challenger is ripe to ignite big upside bursts. Pseudonymous analyst Bluntz tells his 275,500 followers on the social media platform X that Near (NEAR) has taken out the diagonal resistance of a falling wedge pattern on the three-day chart. A falling wedge structure is viewed as a bullish reversal signal as it suggests that buyers are stepping in to decrease the rate of an asset’s price decline. Says Bluntz, “Three-day candle about to close and NEAR has a beautiful trend break now.” Source: Bluntz/X Zooming in, Bluntz says NEAR appears to be following in the footsteps of fellow layer-1 protocol Sui (SUI), an altcoin that has printed gains of about 120% this month. “NEAR finally coming in hot with a channel breakout. In environments like these, they usually indicate a huge breakout move is underway.” Source: Bluntz/X At time of writ...