A closely followed cryptocurrency strategist and trader compares an altcoin’s structure to Avalanche’s (AVAX) explosive price action, while saying there’s a big move on the horizon for Ethereum rival Near as well.
Anonymous cryptocurrency analyst Cantering Clark said that Near, a developer-focused blockchain designed for scalability and stability, is poised to break through sudden resistance and ignite an upside move.
“In my view, the last thing NEAR will do is break the decreasing cross resistance and the current week’s VAH (volume area high) and the next big move could happen fast. Bull. ”
If the breakout does occur, Cantering Clark predicts NEAR will rise at least 40% from its current price of $14.19.
The cryptocurrency analyst is also optimistic about Harmony (ONE), a blockchain focused on powering a decentralized economy. According to Cantering Clark, ONE’s market structure resembles the price action of Avalanche before it exploded by about 140% from $59 to $140.