This Top-50 Altcoin Is Set For A Massive Surge After Significant Correction, Predicts Trader
Amid a significant market correction, analyst and trader Michaël van de Poppe has expressed optimism about the NEAR Protocol NEAR/USD. What Happened: Van de Poppe shared with his 772,700 followers on the social media platform X that NEAR is in an “ideal spot” after sweeping liquidity beneath the lows. He anticipates the next target for NEAR to be between $15 and $20 in the coming three to six months. This would represent a 500% increase from its current price of $3.23. "Pretty ideal spot for NEAR. It took all the liquidity beneath the lows and seems to have a strong weekly candle. If this is the liquidity sweep, then next target is $15-$20 in the next three-six months," he said. Pretty ideal spot for $NEAR.It took all the liquidity beneath the lows and seems to have a strong weekly candle. If this is the liquidity sweep, then next target is $15-20 in the next 3-6 months. pic.twitter.com/zpCYkf89Ev— Michaël van de Poppe (@CryptoMichNL) February 7, 2025 Additionally, the analyst discussed Bitcoin BTC/USD, suggesting it may trade sideways until it surpasses its all-time high resistance level of approximately $108,000. Bitcoin is currently priced at $96,212, reflecting a 0.8% decline over the past 24 hours. Important day today with labor market data coming in. Might be pivotal if there's a big miss. Anyways, #Bitcoin stuck in the range, the real inflection will occur once it breaks ATH. For now, just consolidation before the next leg up. pic.twitter.com/KPZ3OJhq4D— Michaël van de Poppe (@CryptoMichNL) February 7, 2025 See Also: Apple Faces Mounting Pressure From UK Government To Grant Spying Access To Encrypted Data Of Users Worldwide Why It Matters: The prediction by van de Poppe comes at a time when the crypto market is experiencing extreme bearish sentiments. In a recent analysis, he urged investors to hold onto their crypto assets, emphasizing that Bitcoin is fairly valued while altcoins remain heavily undervalued. This sentiment follows a prolonged period of capitulation, where many altcoin investors have faced significant losses over the past 6-12 months. Furthermore, a recent surge in Bitcoin past the $100,000 mark has triggered bullish signals for altcoins, with increased whale transactions indicating potential upcoming investments in altcoins. This aligns with van de Poppe’s earlier observations that both Bitcoin and Ethereum were nearing critical buying levels, suggesting a strategic opportunity for investors to “buy the dip” as the market recovers. Read Next: Trump Praises Taylor Swift’s Boyfriend Travis Kelce Ahead Of Super Bowl Appearance After Kansas City Chiefs Tight End Says It Would Be A ‘Great Honor’ To Have The President At The Game Disclaimer: This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors. Photo courtesy: Shutterstock Market News and Data brought to you by Benzinga APIs© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.