Trader Says DeFi Altcoin Aave Witnessing Clear Trend Switch, Updates Forecast on Two Low-Cap Coins
Widely followed crypto analyst Michaël van de Poppe says that AAVE, the native token of the top lending platform on Ethereum (ETH), is set for bluer skies. According to Van de Poppe, AAVE is in the midst of a trend shift after its clear break of the $150 mark, which he says opens up the doors to the $250 level. “This one is a must to have in the portfolio, as I think it will outperform once DeFi picks up momentum. Clear trend switch. Staying above $110-$120 should lead towards a new push, having a target at $250.” Source: Michaël van de Poppe/X At time of writing, AAVE is trading at $159. The trader is also looking at the decentralized credit marketplace Clearpool (CPOOL), a smaller project with a $114 million market cap. CPOOL is currently down 93% from its all-time high of $2.55, and Van de Poppe is looking at around the 2024 highs as an initial price target. “Starting up a new cycle. The previous peak was at $0.35 and had a deep correct...