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.