Renowned crypto analyst Michaël van de Poppe has shared new insights on DeFi altcoin projects. He is particularly optimistic about Aave (AAVE) and two other low-cap altcoins, highlighting their potential for significant gains. Van de Poppe emphasizes that AAVE is showing a clear trend reversal, making it one of the key projects to watch. He believes these three projects should be part of investors’ portfolios.
Bullish Signals for Aave
Van de Poppe points out that AAVE has experienced a strong trend reversal after breaking above the $150 level. According to him, this breakout could pave the way for AAVE to reach $250. He believes AAVE is set to perform well as the DeFi market continues to gain momentum.
Currently trading at $159, Van de Poppe suggests that if AAVE holds between $110-$120, it could be on the verge of a new wave of upward movement. He stresses that AAVE is an essential asset to hold in portfolios, presenting a significant opportunity for investors.
A New Cycle for Clearpool
Van de Poppe also draws attention to Clearpool (CPOOL), a low-cap altcoin. Trading at $0.167, CPOOL has dropped 93% from its all-time high of $2.55. However, the analyst believes CPOOL is entering a new cycle, with 2024 expected to bring positive price action.
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He anticipates CPOOL could reach $0.35 in the short term, identifying this level as a strong resistance point. Both short- and long-term dips, according to Van de Poppe, present buying opportunities for investors. The potential recovery in this altcoin project could create attractive opportunities for those looking to capitalize on the next DeFi trend.
DIA Showing Strong Reversal Potential
Van de Poppe also mentions DIA, a blockchain oracle platform, as another project with strong upside potential. He believes that DIA is on the verge of a significant upward trend, with the possibility of either retracing to $0.50 or surging to $1.20.
The chart for DIA suggests a potential breakout, and the analyst notes that any short-term corrections could offer good buying opportunities. Van de Poppe remains confident that DIA has substantial long-term potential, urging investors to closely follow this project.
DeFi Projects Set to Outperform
Van de Poppe believes that DeFi projects like Aave, Clearpool, and DIA are set for strong performance in the coming months. As the DeFi sector continues to gain traction, these projects may present significant opportunities for investors. As previously reported by The Bit Journal, the DeFi sector’s momentum indicates that these altcoin projects will continue to attract attention.
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