In the midst of slight fluctuations in the overall cryptocurrency market, closely followed crypto analyst Bluntz shared his latest predictions for four leading cryptocurrencies. The analyst shared his latest observations for Bitcoin (BTC) and Ethereum (ETH), as well as Dogecoin (DOGE) and Near Protocol (NEAR).
Bullish Outlook on NEAR
Starting his analysis with Bitcoin and Ethereum, Bluntz noted that both cryptocurrencies have formed a price bottom. The analyst stated that based on three-wave correction patterns completed in fifteen-minute and one-hour time frames respectively, both Bitcoin and Ethereum are poised to rise.
Following BTC and ETH, Bluntz moved on to Near Protocol’s native asset NEAR, expecting the altcoin to potentially rise above its 22-month high of $9.01. The analyst identified two five-wave formations on NEAR’s four-hour price chart using the Elliott Wave theory.
At the time of writing, with NEAR trading at $7.84, the analyst predicts that after completing the first two waves of the five-wave formation, the altcoin’s price will rise above $8.80 and $9.53.
Expecting Dogecoin to Show Upward Strength
On the other hand, Bluntz also shared his latest observations on the largest memecoin Dogecoin. The analyst noted that DOGE completed a three-wave correction pattern on the thirty-minute chart, indicating that the altcoin’s downtrend could potentially be coming to an end.
While expressing optimism about the strength of DOGE, the analyst also emphasized that he does not expect a deeper pullback. Bluntz’s overall expectation is for the altcoin to move upward and make a strong exit from current levels.
