Widely followed crypto analyst Michaël van de Poppe says AAVE, the native token of the leading lending platform on Ethereum (ETH), is ready for bluer skies.
According to Van de Poppe, AAVE is in the midst of a trend change after its clear breakout of the $150 mark, which he believes opens the doors to the $250 level.
“This one is a portfolio must-have because I think it will outperform once DeFi gains momentum.
Clear trend change.
Staying above $110-120 should lead to a further push, with a target at $250.
At the time of writing, AAVE is trading at $159.
The trader is also looking at decentralized lending marketplace Clearpool (CPOOL), a smaller project with a market cap of $114 million.
CPOOL is currently down 93% from its all-time high of $2.55, and Van de Poppe is eyeing 2024 highs as his initial price target.
“Start a new cycle.
The previous peak was $0.35 and has since seen a deep correction.
We took liquidity and reversal, due to which LTF/HTF (low period/high period) dips are the ones to buy.
The objective is: $0.35 in the coming months.
At the time of writing, CPOOL is trading at $0.167.
Finally, Van de Poppe looks at blockchain oracle platform DIA, which he believes is in a clear bullish reversal. According to the analyst, DIA bulls may look for a correction up to the $0.50 level or a sharp breakout to $1.20.
“This one goes.”
I’m looking for a deeper HTF correction (if that happens).
If we have a breakout, then I foresee LTF zones for a potential entry to the next target.
Clearly reverse the trend.
At the time of writing, DIA is trading at $1.14.
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