In the midst of a significant decline in the crypto currency market, Analyst and Trader Michaël Van de Poppe presented an optimistic view of Altcoin Near Protocol (Near/USD). Here are the details…
There is an expectation of rise for Altcoin Near
Van de Poppe said to the 772,700 followers of the social media platform X that Near’s liquidity levels were at an ideal point after sweeping. Analyst predicts that the price of Near can reach $ 15-20 in the next three to six months. This estimate indicates an increase of approximately 500 %compared to the current price of $ 3.23. Analyst is an ideal point for Near. He swept all liquidity at a bottom level and formed a strong week. If this is a liquidity purchase movement, the next target will be a $ 15-20 range, ”he said.
Analyst also commented on Bitcoin (BTC/USD) and said that the price could move horizontally until the highest level of all -time resistance of $ 108,000. Bitcoin is currently trading for $ 96.212 and has decreased by 0.8 %in the last 24 hours. “Today, data on the labor market is coming, it can be an important day. If there is a great deviation, the effect on the market may be great. For now, Bitcoin is stuck in a certain range, one of the real turning points will be experienced with breaking the highest level at all times, ”he said.
Market conditions and investor perspective
These estimates of Van de Poppe come at a time when the market is under heavy sales pressure. While the analyst advises investors to protect their assets, Bitcoin has seen a fair pricing at the current levels, but alternatives are evaluated quite low. Recently, Bitcoin’s upgrade of $ 100,000 has led to bull signals in the Altcoin market. The increasing transactions of major investors (whales) strengthen the expectations of rise in the Altcoin market. These analyzes are parallel to previous observations, which show that Bitcoin and Ethereum approach critical purchase levels. The analyst believes that the bottom levels in the market offer a good purchase opportunity and argues that investors should evaluate this process.
