Analyst Flips Bullish on One Ethereum Rival, Says Layer-1 Altcoin Looking Interesting Again After a Long Time

　　crypto Ethereum

　　Analyst Flips Bullish on One Ethereum Rival, Says Layer-1 Altcoin Looking Interesting Again After a Long Time

　　Balita ng Ethereum ng Bitcoin

　　A widely followed crypto strategist believes that one Ethereum (ETH) competitor is gearing up to witness a breakout rally.

　　Pseudonymous analyst The Crypto Dog tells his 775,100 followers on the social media platform X that hes bullish on the smart contract protocol Near (NEAR).

　　The analyst shares a chart suggesting that NEAR is threatening to take out its diagonal resistance on the daily chart.

　　Source: Ang Crypto Dog/X

　　Even though Near is still struggling to move above the diagonal resistance, the analyst says that its only a matter of time before NEAR breaks out and rallies to around $9.

　　Source: Ang Crypto Dog/X

　　Sa oras ng pagsulat, ang NEAR ay nagkakahalaga ng $7.06.

　　Next up, the trader says hes keeping a close watch on the layer-1 altcoin Injective (INJ). According to the analyst, the altcoin is starting to look interesting again after INJ bulls defended the $30 price area.

　　Source: Ang Crypto Dog/X

　　At time of writing, INJ is trading for $34.85, up nearly 2% in the past day.

　　As for the broader crypto market, the analyst palagay that the latest correction is designed to flush out weak hands.