- NEAR currently trades at $7.06, with potential to overcome diagonal resistance and initiate a significant price increase.
- Injective (INJ) garners attention for the first time in a while, trading at $34.85 after defending the $30 level.
Analyst Crypto Dog,recently updated his view on a blockchain platform that competes with Ethereum, indicating a potential increase in its market performance. Known as The Crypto Dog, the analyst shared that he sees positive momentum for Near (NEAR), a blockchain that supports smart contracts.
$NEAR makes a move soon. Maybe not today but soon.
BTC flat, SOL red, NEAR green makes me pay attention. pic.twitter.com/oLyuPXgNIN
— The Crypto Dog 📈 (@TheCryptoDog) April 5, 2024
According to The Crypto Dog, NEAR is approaching a critical point where it might overcome its diagonal resistance, as shown in the daily trading charts. He suggests that NEAR is likely to experience a price increase, potentially reaching up to $9, based on current trends.
Related: Injective (INJ) Launches Ionic Upgrade to Strengthen Layer-1 Integration
Currently, NEAR is trading at $7.36. The Crypto Dog also mentioned Injective (INJ), another blockchain platform, noting its market activity has become notably interesting for the first time in a while after its price stabilized around $30.
Alright, don't hassle me – it is shaping up more like I originally expected.
But still keep eyes on $NEAR, this should retest that high we just made and push it in time. pic.twitter.com/dtwySIaneO
— The Crypto Dog 📈 (@TheCryptoDog) April 5, 2024
As of now, INJ is trading at $35.49, showing an increase of nearly 3.43% in the last 24 hours.
$INJ might be getting interesting again, for the first time in a long time. pic.twitter.com/k0ZghZZ9Ei
— The Crypto Dog 📈 (@TheCryptoDog) April 5, 2024
The Crypto Dog posits that the recent market downturn might have served to deter speculative investors, maintaining an overall positive outlook for the cryptocurrency market. He anticipates that the market will soon clarify its direction, potentially within the next seven days, suggesting a readiness for upward movement or sustained growth across the cryptocurrency sector.
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