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Top Analyst Says Ethereum Rival Looks Turbo Bullish, Updates Outlook on Arbitrum and Solana-Based Memecoin

A renowned analyst has predicted that Near (NEAR), an Ethereum competitor, is set to experience a significant surge in price. The trader, known as Bluntz, who accurately predicted Bitcoin’s price floor during the 2018 bear market, suggests that NEAR’s native asset could reach a level last seen in May 2022. Bluntz believes that NEAR is currently in the midst of a five-wave rally that could propel the altcoin to nearly $10 in just a few days. Bluntz also highlights the positive outlook for the Ethereum scaling solution Arbitrum (ARB), which is showing multiple bullish signals. Additionally, the analyst expects price increases for the Solana-based meme token Slerf (SLERF). At the time of writing, NEAR is valued at $7.60, ARB at $1.70, and SLERF at $0.767.