Crypto Strategist Predicts Big Run for One Ethereum Competitor, Updates Forecasts for ETH and Skale (SKL)
Popular crypto analyst and trader Michaël van de Poppe thinks one Ethereum (ETH) challenger could be primed to take off on a price surge.
Van de Poppe tells his 582,000 Twitter followers that Near Protocol (NEAR) is probably “ready for a big run” after it finds a support level.
NEAR is the native token of the NEAR Protocol, a decentralized application platform designed for scalability and stability.
Van de Poppe notes that the $14 range could be a good “buy the dip” opportunity for the asset.
NEAR, the 17th-ranked crypto asset by market capitalization, is trading at $16.04 at time of writing, up 1.82% in the past 24 hours.
The crypto analyst also thinks Ethereum looks good despite its recent price drop.
“Ethereum is also looking better. Still [a] questionable move, as it’s into the weekly close, but it’s starting to shape a bit better.”
Van de Poppe says Ethereum’s “crucial resistance” is around $3,600.
Ethereum is trading at $2,970.31 at time of writing, down nearly 7% in the past 24 hours.
The crypto strategist is also keeping a close eye on Ethereum scaling solution Skale (SKL). According to the crypto strategist, SKL is quickly approaching a key support level between $0.16 and $0.18.
“This one is getting there: SKL.”
At time of writing, SKL is exchanging hands for $0.17.
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The post Crypto Strategist Predicts Big Run for One Ethereum Competitor, Updates Forecasts for ETH and Skale (SKL) appeared first on The Daily Hodl.
