Traders Indicate Clear Shift in DeFi Altcoin Trends Updating Forecasts for Two Low Market Cap Coins

CoinW reported:
Renowned cryptocurrency analyst Michaël van de Poppe stated that AAVE, the native token of Ethereum’s top lending platform, has set its sights on a bluer sky.
Van de Poppe mentioned that AAVE is undergoing a trend reversal after breaking the $150 mark, which opens the door to the $250 level.
“It’s a must-have in your portfolio because I believe once DeFi regains momentum, it will outperform the market. Clear trend reversal. Holding above $110-120 should bring new momentum, with a target of $250.”


Source:
Michael van de Poppe/Twitter
At the time of writing, AAVE is trading at $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 dropped 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. The previous peak was $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/Twitter
Lastly, Van de Poppe is looking into the blockchain oracle platform DIA, which he says is clearly showing a bullish reversal. Analysts suggest that 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 do indeed have a breakthrough, then I’m planning in the LTF area for a possible entry into the next target. Clear reversal of this trend.”


Source:
Michael van de Poppe/Twitter
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