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Home»ALTCOIN NEWS»Top Analyst: Ethereum Competitor Emerges as Hot Competitor, Altcoins Expected to Follow Sui’s Explosive Rally
ALTCOIN NEWS

Top Analyst: Ethereum Competitor Emerges as Hot Competitor, Altcoins Expected to Follow Sui’s Explosive Rally

By Crypto FlexsSeptember 26, 20242 Mins Read
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Top Analyst: Ethereum Competitor Emerges as Hot Competitor, Altcoins Expected to Follow Sui’s Explosive Rally
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A crypto strategist known for his timely altcoin predictions believes one challenger to Ethereum (ETH) is ready for a major rally.

Anonymous analyst Blunts told his 275,500 followers on social media platform X that NEAR had broken the diagonal resistance of a falling wedge pattern on the 3-day chart.

A falling wedge structure is considered a bullish reversal signal as it suggests that buyers are intervening to slow the rate of decline in the asset price.

Bluntz says:

“The 3-day candle close is imminent and NEAR is currently showing a beautiful trend breakout.”

Source: Bluntz/X

Bluntz said that upon closer inspection, NEAR appears to be following in the footsteps of layer 1 protocol Sui (SUI), an altcoin that has seen gains of around 120% this month.

“NEAR is finally gaining hot popularity with its channel breakthrough.

In such an environment, it usually indicates that a huge breakthrough is underway.”

video
Source: Bluntz/X

At the time of writing, NEAR is valued at $5.38, up more than 5% over the past day.

The trader is also bullish on Solana (SOL)-based memecoin dogwifhat (WIF). The analyst shares a chart suggesting that WIF has broken through a multi-month resistance level.

“Fasten your seatbelts, are you ready for round two?”

video
Source: Bluntz/X

As of this writing, WIF is trading at $2.01, well above the diagonal resistance line.

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Disclaimer: The opinions expressed on The Daily Hodl are not investment advice. Investors should do their own due diligence before making any high-risk investment in Bitcoin, cryptocurrencies or digital assets. Your transfers and transactions are your responsibility and any losses you may incur are your responsibility. The Daily Hodl does not recommend buying or selling cryptocurrencies or digital assets and The Daily Hodl is not an investment advisor. The Daily Hodl participates in affiliate marketing.

Featured image: Shutterstock/Elena Abrazhevich/INelson

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