Popular crypto analyst and trader Michaël van de Poppe thinks one Ethereum (ETH) challenger could be primed to take off on a price surge.
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.Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
Check Price Action
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
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 loses 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/Admin9966/Natalia Siiatovskaia