Closely followed crypto analyst Michaël van de Poppe says that Aave and one additional altcoin are ready for new rallies.
The analyst tells his 540,000 Twitter followers that decentralized finance (DeFi) lending and borrowing protocol Aave is trading at a significant discount while holding support.
According to Van de Poppe, Aave is due for rallies.
“AAVE went down almost 80% since ATH (all-time high) and support held once again.
Ready for a new run.”
The analyst says that 2022 will be the year to watch for DeFI coins and names three other altcoins in the sector to keep an eye on besides Aave.
“AAVE, CRV, YFI, SUSHI.
2022 will be the year of DeFi and the recent, massive bounce has shown the first signs.
Position yourself well.”
Also on the analyst’s radar is blockchain enterprise crypto asset VeChain (VET). Van de Poppe takes a look at VeChain’s Bitcoin pair (VET/BTC) and says that it’s nearly at a prime buying spot around 0.0000018 BTC ($0.09).
“Area to buy for VET seems here.”
He also cites a few key areas where he thinks a bull trend for VET/BTC will be confirmed if broken.
“What is the level that I preferably want to see VeChain breakthrough? I’d want to see it break through this entire block around 0.0000019 BTC ($0.09).
And then the second one I want to see it breakthrough is the entire level around 0.00000210 BTC ($0.11). Because if that one breaks, I think we are breaking or we are facing this recent high (0.0000025 BTC or $0.13), creating ourselves a higher low and then we have a new trend starting upwards.”Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
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