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Home » Traders Observe Evident Trend Shift in DeFi Altcoins Revise Forecast for Two Low Cap Coins

Traders Observe Evident Trend Shift in DeFi Altcoins Revise Forecast for Two Low Cap Coins

By adminOct. 22, 2024No Comments2 Mins Read
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Traders Observe Evident Trend Shift in DeFi Altcoins Revise Forecast for Two Low Cap Coins
Traders Observe Evident Trend Shift in DeFi Altcoins Revise Forecast for Two Low Cap Coins
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Cryptocurrency analyst Michaël van de Poppe, who has been receiving a lot of attention, stated that AAVE, the native token of the top Ethereum lending platform, is set for bluer skies.
Van de Poppe stated that AAVE is currently undergoing a trend change after breaking the $150 mark, and he believes this opens the door to the $250 level.
“This is a must-have in your portfolio, as I think its performance will outperform the market once DeFi regains momentum. Clear trend change. Staying above $110-120 should bring new momentum, with a target of $250.”


Source:
Michael van de Poppe/Ten
At the time of writing this article, AAVE’s trading price is $159.
Traders are also keeping an eye on the decentralized credit market Clearpool (CPOOL), a smaller project with a market capitalization of $114 million.
CPOOL has currently fallen 93% from its all-time high of $2.55, and Van de Poppe sees the 2024 high as the initial price target.
“Starting a new cycle. Previous peak was at $0.35, followed by a significant pullback. Buying on the LTF/HTF (low time frame/high time frame) downtrend through liquidity and reversals. Target: $0.35 in the coming months.”


Source:
Michael van de Poppe/X
At the time of writing this article, CPOOL’s trading price is $0.167.
Lastly, Van de Poppe is looking into the blockchain oracle platform DIA. He stated that this clearly is a bullish reversal. According to analysts, DIA bulls may seek a pullback to the $0.50 level or a breakout at $1.20.
“This one is for it. I’m looking for a deeper HTF correction if it occurs. If we indeed have a breakout, then I’m planning in the LTF area for the possibility to enter the next target. Clearly reversing this trend.”


Source:
Michael van de Poppe/X
At the time of writing this article, DIA’s trading price is $1.14.
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