NEAR's Potential 500% Surge: Michaël van de Poppe's Bullish Outlook

Cryptocurrency trader and analyst Michaël van de Poppe has shared his bullish outlook on a top-50 altcoin, predicting a potential 500% surge in its value this year. In a recent update, van de Poppe expressed his optimism about NEAR, the native cryptocurrency of the Near Protocol, which he believes could reach $20 within the next three to six months, marking a significant increase from its current value of $3.33.

Van de Poppe, who has over 772,700 followers on the social media platform X, pointed out that NEAR has taken all the liquidity beneath its lows and has a strong weekly candle. He suggested that if this is indeed a liquidity sweep, the next target for NEAR could be between $15 and $20 in the coming months.

In addition to his bullish stance on NEAR, van de Poppe also provided updates on Bitcoin (BTC) and Ethereum (ETH). He noted that Bitcoin may continue to trade sideways until it breaks through the resistance level at its all-time high of around $108,000. Currently, Bitcoin is trading at $97,787, up 1.1% in the last 24 hours.

For Ethereum, van de Poppe observed a potential bullish divergence on the weekly chart against Bitcoin (ETH/BTC). A bullish divergence occurs when the price of an asset records lower lows while indicators, such as the Relative Strength Index (RSI), are witnessing higher lows. If Ethereum closes with a wick and goes back above 0.03 BTC next week, the bullish divergence would be validated. At the time of writing, ETH/BTC is trading at 0.02753 BTC ($2,692), down 1.82% in the last 24 hours.