A prominent analyst says Ethereum’s competitor is facing a big step as it compares the market structure of a mid-cap altcoin to Avalanche’s (AVAX) explosive price action.

People known in the industry by the nickname Cantering Clark told their 99,100 Twitter followers that Near, a blockchain geared towards scalability and stability, is preparing to break above the near resistance level and has grown sharply.

“Test the previous range and ATH (all time high) again.

Move with the previous weekly trend and keep vwap (average price by volume) weekly + daily.

In my opinion, the last thing NEAR has to do is break this descending resistance line and break the VAH (High Volume Zone) for the current week. Then there is a strong upward movement.

Bullish “.

The source: Gallop Clark / Twitter

If the breakout occurs, Cantering Clark predicts that NEAR will rise at least 30% from its current price of $ 16.1.

“See you at $ 20 +, a short term goal. I believe NEAR will grow to $ 50 in the long run. “

The analyst is also bullish on Harmony (ONE), a blockchain focused on promoting a decentralized economy. According to Cantering Clark, ONE’s market structure is similar to Avalanche’s price action before it exploded nearly 140% from $ 59 to $ 140.

“The renewed examination of ONE reminds me of a similar structure before. In this case it is AVAX. Loss and rebound from previous weekly resistance, quarterly VWAP, and 20-day moving average. Collect it ”.

The source: Gallop Clark / Twitter

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