Analyst Bluntz predicts a major rise in the CAT token. In the last month, CAT has increased by approximately 291%. It is also stated that the price of NEAR may rise due to interest in artificial intelligence.
Simon’s Cat (CAT), a low-cap meme token in the Binance Smart Chain ecosystem, caught the attention of crypto analyst and trader Bluntz. Addressing his 274,800 followers on social media platform X, Bluntz announced that the CAT token is preparing to make a big splash. The analyst emphasized that the token has been following a continuous uptrend since its launch, making breakouts after vertical accumulations. “CAT season is alive and well, CAT is constantly accumulating and then moving upwards. I think a nice breakout is imminent,” he said.
According to the chart shared by Bluntz, the CAT token appears to be ready to break out of an ascending channel on the four-hour timeframe. At the time of writing, the CAT token is trading at $0.00004263, up nearly 291% from its high of $0.0000109 on August 22. Based on the popular British animated series Simon’s Cat, this new meme token was launched last month and currently has a market cap of $292 million.
$NEAR
Bluntz also shared his thoughts on the first-layer blockchain NEAR Protocol (NEAR). According to the analyst, the price of NEAR is starting to rise and interest in AI technology could support this increase. NEAR announced in May that it was developing tools that would allow users to develop their own AI applications on the protocol.
Bluntz said: “I like NEAR again, it’s starting to break out of its six-month downtrend. I’m sure the AI narrative will come back into play at some point.” In the chart shared by the analyst, it can be seen that NEAR is trying to break out of its diagonal resistance. At the time of writing, NEAR is trading at $4.36.
Both cryptocurrencies are showing potential bullish signals in line with analysts’ expectations. In particular, the rapid rise of the CAT token and NEAR’s initiatives in the field of artificial intelligence may attract investors’ attention. However, due to the volatile nature of cryptocurrency markets, it is important for investors to do their own research and be careful.
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