Trader Says DeFi Altcoin Aave Witnessing Clear Trend Switch, Updates Forecast on Two Low-Cap Coins
Widely followed crypto analyst Michaël van de Poppe says that AAVE , the native token of the top lending platform on Ethereum ( ETH ), is set for bluer skies.
According to Van de Poppe, AAVE is in the midst of a trend shift after its clear break of the $150 mark, which he says opens up the doors to the $250 level.
“This one is a must to have in the portfolio, as I think it will outperform once DeFi picks up momentum.
Clear trend switch.
Staying above $110-$120 should lead towards a new push, having a target at $250.”
Source: Michaël van de Poppe/X At time of writing, AAVE is trading at $159.
The trader is also looking at the decentralized credit marketplace Clearpool ( CPOOL ), a smaller project with a $114 million market cap.
CPOOL is currently down 93% from its all-time high of $2.55, and Van de Poppe is looking at around the 2024 highs as an initial price target.
“Starting up a new cycle.
The previous peak was at $0.35 and had a deep correction since.
Took the liquidity and reversing, through which LTF/HTF (low time frame/high time frame) dips are the ones to buy.
Target is: $0.35 in the coming months.”
Source: Michaël van de Poppe/X At time of writing, CPOOL is trading for $0.167.
Lastly, Van de Poppe is looking at the blockchain oracle platform DIA , which he says is in a clear bullish reversal. According to the analyst, DIA bulls can look for a correction back to the $0.50 level or a clean breakout at $1.20.
“This one is going for it.
I’m looking for a deeper, HTF correction (if it happens).
If we do have a breakout, then I’m planning on LTF areas for a potential entry towards the next target.
Clearly reversing the trend.”
Source: Michaël van de Poppe/X At time of writing, DIA is trading at $1.14.
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