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Home»ALTCOIN NEWS»Trader says DeFi Altcoin Aave has witnessed a clear trend reversal and updated predictions for two low-cap coins.
ALTCOIN NEWS

Trader says DeFi Altcoin Aave has witnessed a clear trend reversal and updated predictions for two low-cap coins.

By Crypto FlexsOctober 22, 20242 Mins Read
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Trader says DeFi Altcoin Aave has witnessed a clear trend reversal and updated predictions for two low-cap coins.
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Widely respected cryptocurrency analyst Michaël van de Poppe said AAVE, the native token of Ethereum’s (ETH) leading lending platform, is set for bluer skies.

According to Van de Poppe, AAVE is in the midst of a trend change after clearly breaking the $150 mark, which would open the door to the $250 level.

“This is a must have in your portfolio as I think it will perform better as DeFi gains momentum.

Clear the trend switch.

Holding above $110-$120 will lead to a new push towards setting a $250 target.”

Source: Michaël van de Poppe/X

As of this writing, AAVE is trading at $159.

Traders are also looking at decentralized credit marketplace Clearpool (CPOOL), a smaller project with a market capitalization of $114 million.

CPOOL is currently down 93% from its all-time high of $2.55, and Van de Poppe sees a 2024 high as an initial price target.

“A new cycle begins.

The previous high was $0.35 and then there was a big correction.

Buy LTF/HTF (lower time frame/higher time frame) dips with liquidity and reversals.

The target is $0.35 next month.”

video
Source: Michaël van de Poppe/X

As of this writing, CPOOL is trading at $0.167.

Lastly, Van de Poppe is looking at blockchain oracle platform DIA, which he says is showing a clear bullish reversal. According to analysts, DIA bulls could correct back to the $0.50 level or break out completely at $1.20.

“This will work.

I’m looking for a deeper HTF fix.

If a breakthrough occurs, LTF areas are being planned for potential entry into the next target.

We are clearly reversing the trend.”

video
Source: Michaël van de Poppe/X

As of this writing, DIA is trading at $1.14.

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Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are entirely at your own risk and that you will be responsible for any losses you may incur. The Daily Hodl does not recommend the purchase or sale of any cryptocurrency or digital asset, and The Daily Hodl is not investment advice. The Daily Hodl engages in affiliate marketing.

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