NEAR Protocol (NEAR) Reaches ‘Fresh Highs,’ Leads AI Crypto Surge; Oasis Network (ROSE) Tests Key Support Levels – Experts’ Analysis
Analysts Bluntz and Sjuul from AltCryptoGems have shared their technical insights on the price movements of two AI crypto tokens, NEAR Protocol and Oasis Network (ROSE). These insights suggest potential bullish trends for both assets, indicating that they could be among the market leaders in the near future.
According to crypto analyst Bluntz, the NEAR Protocol (NEAR) has emerged as a market leader, consistently reaching new highs despite market conditions. Bluntz’s technical analysis chart shows a bullish Elliott Wave pattern unfolding for the NEAR/USDT pair.
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Bluntz’s Take on NEAR
The chart reveals a five-wave advance, with waves (1) and (2) already complete. Wave (3), typically the longest, is currently underway. As per Elliott Wave theory, after wave (3), a retracement (wave 4) is expected before the final wave (5) completes the bullish pattern.
Bluntz tweeted, “Love how $Near just keeps plodding along making fresh highs while everything else has stalled out and continued accumulating. This is hands down a market leader right now, will defo be one of the first to make fresh highs.”
Significantly, the chart identifies a past resistance level (labeled b) that could act as support once breached. The overall trend appears bullish, with expectations of higher highs as the Elliott Wave sequence unfolds.
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Show more +Oasis Network Tests Crucial Support Level
Meanwhile, analyst Sjuul from AltCryptoGems highlighted the Oasis Network (ROSE) trading against Tether (USDT) on Binance. The chart shows ROSE retesting a support/resistance level after a two-year accumulation period.
“$ROSE One line to rule them all! Retesting the support/resistance level of a 2-year-long accumulation. Price action looks weak, honestly, but the risk-reward is definitely favouring a long exposure. If the line holds, the upside potential is huge,” Sjuul tweeted.
The chart features horizontal lines marking potential support and resistance levels. Additionally, arrows indicate moments when the price tested resistance but failed to break through.
However, a question mark at the end of the price line suggests uncertainty about the future direction. The trader may be waiting for additional signals to confirm whether the uptrend will continue or if a reversal is imminent.
Current Market Prices
According to CoinMarketCap data at the time of writing, the current price of NEAR Protocol is $7.40, up 8.30% in the last 24 hours. Oasis Network’s price stands at $0.100232, up 0.60% over the same period.
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