Crypto analyst Michaël van de Poppe believes that AAVE, the native token of the leading lending platform on Ethereum (ETH), is poised for a positive trend shift. Van de Poppe suggests that AAVE’s recent break of the $150 mark opens up the possibility of reaching the $250 level. He considers AAVE to be a valuable asset in a portfolio, predicting that it will outperform once DeFi gains momentum. Van de Poppe emphasizes the importance of staying above the $110-$120 range, as this will likely result in a new push towards the target of $250. Currently, AAVE is trading at $159.
Van de Poppe also has his eye on Clearpool, a decentralized credit marketplace with a market cap of $114 million. Despite being down 93% from its all-time high of $2.55, Van de Poppe sees potential in Clearpool, particularly in relation to its 2024 highs. He suggests that the previous peak at $0.35 indicates a new cycle is starting, and expects a price target of $0.35 in the coming months. Van de Poppe advises investors to take advantage of low time frame/high time frame dips as buying opportunities. Currently, Clearpool is trading at $0.167.
Lastly, Van de Poppe highlights the blockchain oracle platform DIA, which he believes is experiencing a clear bullish reversal. He suggests that DIA bulls can expect a correction back to the $0.50 level or a clean breakout at $1.20. Van de Poppe is optimistic about DIA’s trend reversal and plans to look for potential entry points towards the next target. As of now, DIA is trading at $1.14.
It is important to note that the opinions expressed by Van de Poppe are not investment advice, and investors should conduct their own research before making any high-risk investments in the crypto market.