- Michaël van de Poppe bought $NEAR at $1.12 and expects further upside.
- $NEAR price may accelerate toward $2 if resistance at $1.40 breaks.
- Bitcoin stability near $71K supports broader altcoin market interest
The $NEAR price is gaining fresh market attention after analyst Michaël van de Poppe revealed a major position in the token. He said a breakout above $1.40 could push the asset toward $2. The outlook comes as Bitcoin holds a steady range near $71,000.
$NEAR Price Gains Attention as Analyst Builds Altcoin Position
The $NEAR price is attracting market attention after crypto analyst Michaël van de Poppe revealed a new position in the asset. The analyst said he purchased the token at $1.12 and expects further upward movement if resistance breaks.
At the same time, Bitcoin continues to trade near important levels. Data from TradingView shows Bitcoin trading at $70,989.8 after a 3.73% daily gain. The asset recently moved between a high of $71,080.1 and a low of $68,394.1.
Traders often watch Bitcoin movements when analyzing altcoins. Stability in Bitcoin can support interest in alternative assets. This backdrop places the $NEAR price in focus as traders look for breakout signals.
Van de Poppe shared his position through a social media update. He wrote, “I’ve placed a strong bet on my altcoin portfolio with $NEAR.” His statement reflects confidence in the asset despite wider market uncertainty.
$NEAR Price Break Above $1.40 Could Trigger Strong Upside Move
The analyst also pointed to a key technical level for traders. According to him, the $NEAR price needs to break above $1.40 to confirm stronger momentum. A move above this level could open the path toward $2.
Van de Poppe stated, “The moment it breaks $1.40, acceleration towards $2 seems inevitable.” His analysis suggests the $NEAR price may gain speed if resistance weakens. Traders often track these levels since they can influence short-term market behaviour.
The analyst also shared a broader view of the altcoin sector. He said many digital assets appear undervalued relative to their growth trends. “Most of the current altcoins that continued to grow are irrationally undervalued,” he added.
While Bitcoin maintains a higher low structure, traders continue to monitor altcoins for breakout opportunities. In this environment, the $NEAR price remains under close watch as investors evaluate resistance levels and market momentum.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
