{"id":74250,"date":"2025-02-07T19:21:42","date_gmt":"2025-02-07T19:21:42","guid":{"rendered":"https:\/\/peraltafinancing.com\/altcoin\/trader-says-one-top-50-altcoin-could-explode-500-this-year-updates-outlook-on-bitcoin-and-ethereum\/"},"modified":"2025-02-07T19:21:42","modified_gmt":"2025-02-07T19:21:42","slug":"trader-says-one-top-50-altcoin-could-explode-500-this-year-updates-outlook-on-bitcoin-and-ethereum","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=74250","title":{"rendered":"Trader Says One Top-50 Altcoin Could Explode 500% This Year, Updates Outlook on Bitcoin and Ethereum"},"content":{"rendered":"


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Analyst and trader Micha\u00ebl van de Poppe is flipping bullish on one layer-1 protocol following a massive correction.<\/p>\n

Van de Poppe tells<\/a> his 772,700 followers on the social media platform X that NEAR<\/a>, the native cryptocurrency of Near Protocol, could surge to $20 within months, a 500% increase from its current value.<\/p>\n

\u201cPretty ideal spot for NEAR. It took all the liquidity beneath the lows and seems to have a strong weekly candle. If this is the liquidity sweep, then next target is $15-$20 in the next three-six months.\u201d<\/em><\/p>\n

\"Image\"
Source: Micha\u00ebl van de Poppe\/X<\/figcaption><\/figure>\n

NEAR is trading for $3.33 at time of writing, up 5.6% in the last 24 hours.<\/p>\n

Next up, the\u00a0analyst says<\/a><\/span> Bitcoin (BTC<\/a>) may trade sideways until it can break through the resistance level at its all-time high of around $108,000.<\/p>\n

\u201cAnyways, Bitcoin stuck in the range, the real inflection will occur once it breaks ATH. For now, just consolidation before the next leg up.\u201d<\/em><\/p>\n

\"Image\"
Source: Micha\u00ebl van de Poppe\/X<\/figcaption><\/figure>\n

Bitcoin is trading for $97,787 at time of writing, up 1.1% in the last 24 hours.<\/p>\n

Lastly, the analyst says that Ethereum (ETH<\/a>) may be forming a bullish divergence on the weekly chart against Bitcoin (ETH\/BTC).<\/p>\n

A bullish divergence, which suggests price will start to increase, occurs when the price of assets records lower lows while indicators, such as the Relative Strength Index (RSI), a momentum oscillator indicator, are witnessing higher lows.<\/p>\n

\u201cNext week is going to be a massive week for ETH. If this closes in such a wick and next week ETH goes back above 0.03, the bullish divergence is valid.\u201d <\/em><\/p>\n

ETH\/BTC is trading for 0.02753 BTC ($2,692) at time of writing, down 1.82% in the last 24 hours.<\/p>\n

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