Van de Poppe Projects Big Rally For NEAR, Updates ETH, SKL
According to Michaël van de Poppe, a leading crypto analyst, NEAR Protocol (NEAR) could be getting ready to rally big time.
NEAR Protocol (NEAR)
The analyst shared with his 582.4K followers on Twitter that Near Protocol (NEAR) is likely getting “ready for a big run” after it finds a support level.
NEAR Protocol is a layer-one blockchain that was designed as a community-run cloud computing platform and that eliminates some of the limitations that have been bogging competing blockchains, such as low transaction speeds, low throughput and poor interoperability.
According to the analyst, $14 range could present a good buying opportunity for NEAR.
“This one hit resistance at the blocks defined in our previous tweet.
NEAR probably is ready for a big run, just like the entire market seems to be, but we first need to find ourselves a support level before we can continue moving.”
This one hit resistance at the blocks defined in our previous tweet.$NEAR probably is ready for a big run, just like the entire market seems to be, but we first need to find ourselves a support level before we can continue moving. pic.twitter.com/V01f21ON1O
At the time of writing NEAR trades at $16.45, up 4% on the daily chart.
Ethereum (ETH)
Looking into Ethereum, van de Poppe notes that the ETH chart looks better, regardless of its recent price drop. ETH’s “crucial resistance” is around $3,600, according to the analyst.
“Ethereum is also looking better. Still questionable move, as it’s into the weekly close, but it’s starting to shape a bit better.”
#Ethereum is also looking better. Still questionable move, as it's into the weekly close, but it's starting to shape a bit better. pic.twitter.com/AK7jmodbFQ
At the time of writing, ETH trades at $3,023, up 1.5% on the daily chart.
SKALE Network (SKL)
Van de Poppe also has his eyes locked on Ethereum scaling solution SKALE Network (SKL), which he believes is closing in on a key support level between $0.16 and $0.18.
