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.”
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.”
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.”
At time of writing, DIA is trading at $1.14.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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