Comments made by analysts on cryptocurrencies often capture the interest of investors. Analyst and trader Bluntz, in particular, has recently provided insights on four different cryptocurrencies amidst fluctuating market prices.

Insights on Near Protocol

Bluntz noted that Near Protocol (NEAR), a Layer-1 blockchain platform, has the potential to exceed its recent 22-month high of $9.01 and compete with Ethereum (ETH) in the future. Using the Elliott Wave theory in technical analysis, he identified two distinct five-wave formations in the four-hour chart of NEAR. The completion of these formations could see the price rise to $8.80 and $9.53.

Despite these predictions, NEAR is currently trading at $7.29, showing a 2% decrease, with a 24-hour trading volume of $423 million.

Analysis of BTC, ETH, and DOGE

Bluntz also shared thoughts on Bitcoin (BTC) and Ethereum, suggesting that both cryptocurrencies may have reached a bottom and are poised for an upward trend based on technical analysis. Charts indicate the completion of a three-wave corrective formation for BTC and ETH, with Bitcoin at $71,200 and Ethereum at $3,591.

Lastly, Bluntz observed Dogecoin (DOGE), noting that its 30-minute chart suggests the end of a downward trend. DOGE is currently trading at $0.21, reflecting a 16% increase.

These analyses were originally shared on COINTURK NEWS as part of the article "Analyst Bluntz Shares Predictions for Four Cryptocurrencies."