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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