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