A crypto strategist closely followed for well-timed altcoin predictions thinks one Ethereum (ETH) challenger is ripe to ignite big upside bursts.

Pseudonymous analyst Bluntz tells his 275,500 followers on the social media platform X that Near (NEAR) has taken out the diagonal resistance of a falling wedge pattern on the three-day chart.

A falling wedge structure is viewed as a bullish reversal signal as it suggests that buyers are stepping in to decrease the rate of an asset’s price decline.

Says Bluntz,

“Three-day candle about to close and NEAR has a beautiful trend break now.”

Zooming in, Bluntz says NEAR appears to be following in the footsteps of fellow layer-1 protocol Sui (SUI), an altcoin that has printed gains of about 120% this month.

“NEAR finally coming in hot with a channel breakout.

In environments like these, they usually indicate a huge breakout move is underway.”

At time of writing, NEAR is worth $5.38, up over 5% in the past day.

The trader is also bullish on the Solana (SOL)-based memecoin dogwifhat (WIF). The analyst shares a chart suggesting that WIF has broken above a multi-month resistance level.

“Strap in, are you ready for round 2?”

At time of writing, WIF is trading for $2.01, well above its diagonal resistance.

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on X, Facebook and Telegram

Surf The Daily Hodl Mix

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Elena Abrazhevich/INelson

Layer-1 modular blockchain Celestia (TIA) is soaring after the project’s foundation raised $100,000,000 to support the ecosystem.

According to the Celestia Foundation, the nonprofit group set up to support the TIA network, the $100 million fundraising was led by Bain Capital Crypto.

Other groups contributing to the funding included Syncracy Capital, 1kx, Robot Ventures and Placeholder.

TIA was trading for a low of $5.44 to a high of $6.86 on the day of the announcement, a more than 26% gain.

At time of writing, TIA is trading for $6.61. With a current market cap of $1.4 billion, TIA is the 64th largest crypto project.

According to the project, developers are working to “scale to 1 gigabyte blocks, bringing a massive increase in data throughput to Celestia’s rollup ecosystem.”

“In a previous era, the throughput of Visa (~24,000 TPS) was considered an impressive North Star. With 1 gigabyte blocks, Celestia is tracking to deliver the capacity of many Visa networks in parallel.”

Says Mustafa Al-Bassam, co-founder of Celestia and chairman of the Celestia Foundation,

“When Celestia launched last year as the first modular data availability layer, it scaled blockspace from the dial-up era to the broadband era. Now, the core developers have introduced the technical roadmap to scale blockspace to the fiber optic era – while keeping it verifiable and low latency.”

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on X, Facebook and Telegram

Surf The Daily Hodl Mix

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

A closely followed crypto analyst says that a clear bull pattern is forming for one artificial intelligence (AI)-focused altcoin while updating his outlook on three other tokens.

Pseudonymous crypto trader Altcoin Sherpa tells his 223,300 followers on the social media platform X that a “clear bull trend” is underway for machine learning protocol Bittensor (TAO).

The trader shares a chart suggesting that TAO has broken out of its multi-month accumulation range.

“TAO never dropped to the range low. Expansion and clear bull trend now IMO (in my opinion), dips are for buying.”

TAO is trading for $488.88 at time of writing, a 5.20% increase during the last day.

Moving on to the native asset of the Artificial Superintelligence Alliance (FET), the trader says he’s waiting for the coin to witness a minor pullback before going long.

“FET – I think $1.50 could be an ok first entry, but pretty aggressive. If patient, you can hope for $1.37ish levels. Would probably do some entries at $1.50 though personally.”

FET is trading at $1.62 at time of writing.

Altcoin Sherpa is also looking at the layer-1 modular blockchain Celestia (TIA), noting that the asset had its first major retracement near its 100-day exponential moving average (EMA).

“Would target $5.11ish for first entries if you like this one.”

TIA is trading for $5.42 at time of writing, a 7.34% decrease during the last 24 hours.

Concluding his analysis with the memecoin Popcat (POPCAT), the trader says the token may be one small correction away from a breakout.

“POPCAT breaks soon after a bit of a pullback. Bullish on all the beta that comes with it (aura/ hehe/ etc).”

POPCAT is trading for $0.923 at time of writing, a 4.42% increase on the day.

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on X, Facebook and Telegram

Surf The Daily Hodl Mix

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney