Widely followed crypto analyst Michaël van de Poppe says AAVE, the native token of the best lending platform on Ethereum (ETH), is ready for bluer skies.
According to Van de Poppe, AAVE is in the midst of a trend shift after the clear break of the $150 barrier, which he believes opens the doors to the $250 level.
“This one is a must to have in the portfolio as I think it will outperform once DeFi gains momentum.
Clear trend switch.
Staying above $110-$120 should lead to fresh momentum, with a target of $250.”
At the time of writing, AAVE is trading at $159.
The trader is 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 is looking at 2024 highs as an initial price target.
“Starting a new cycle.
The previous peak was at $0.35 and has since undergone a deep correction.
Took the liquidity and returned, making LTF/HTF (low time frame/high time frame) dips the ones to buy.
Target is: $0.35 in the coming months.”
At the time of writing, CPOOL is trading at $0.167.
Finally, Van de Poppe looks at the blockchain oracle platform DIA, which he believes 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 break to $1.20.
“This one goes for it.
I’m looking for a deeper HTF correction (if it happens).
If we have a breakout, I plan LTF areas for possible access to the next target.
It is clear that the trend is being reversed.”
At the time of writing, DIA is trading at $1.14.
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Generated image: Midjourney
