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.
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.
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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.
As of now, INJ is trading at $35.49, showing an increase of nearly 3.43% in the last 24 hours.
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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