You can also read this news on COINTURK NEWS: Watch NEAR Skyrocket as Market Dynamics Shift!
Analyst Michaël van de Poppe predicts significant activity in the cryptocurrency market. Following a notable correction in the NEAR protocol, he highlights the potential for an upward movement in this digital asset. He emphasizes the importance of closely monitoring market dynamics to guide investment decisions.
According to van de Poppe, NEAR could experience a significant price increase from its current value. Trading at $3.33, he projects that NEAR may fluctuate between $15 and $20 within a few months. This forecast of a 500% increase could capture the attention of traders.
Michaël van de Poppe: “This is a suitable point for NEAR. All liquidity has dropped to lower levels, and a strong weekly formation has developed. If this is a liquidity clean-up, the next target could be between $15 and $20.”
Additionally, van de Poppe mentions that Bitcoin will likely consolidate before reaching its all-time high of approximately $108,000. He indicates that this consolidation process occurs prior to breaking through a resistance level.
Michaël van de Poppe: “Bitcoin is currently trapped in a certain range. The real turning point will emerge with the break of the ATH. For now, a stabilization period is observed.”
It has been noted that ETH is forming a bullish divergence against Bitcoin on the weekly chart. This suggests that, as long as it is supported by technical indicators, prices may rise. An increase in indicators like the RSI is considered particularly significant.
Michaël van de Poppe: “Next week will be critical for ETH. Depending on trading volume, breaking above the 0.03 level may confirm the divergence.”
While sharing forecasts about various digital assets, the analyst emphasizes the importance of technical indicators and formations. He advises traders to act cautiously by following these data points. The overall market structure, volatility, and liquidity situations could be decisive in the forthcoming period.
The post Watch NEAR Skyrocket as Market Dynamics Shift! appeared first on COINTURK NEWS.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。