Closely followed crypto analyst Michael van de PoppeHe noted that Aave and one additional altcoin are ready for more recent rallies.
Analyst, 540,000 twitter decentralized finance (DeFi), lending and borrowing protocol aaveHe thinks that . is trading at a significant decline/discount while holding support.
According to Van de Poppe, Aave is doing this to prepare for a rally.
“AAVE is down almost 80% since ATH (all-time high) and support holds once again. He is ready for a new rally.”
The analyst thinks that 2022 will be a year in which DeFi coins can be watched, and besides Aave, he cites three other altcoins that should be considered in the industry.
“AAVE, CRV, YFI, SUSHI.
2022 will be the year of DeFi, and the recent big leap has shown the first signs. Position yourself well.”
Also on the analyst’s radar is the blockchain enterprise crypto asset VeChain (VET) there is. Van de Poppe has taken a look at VeChain’s Bitcoin pair (VET/BTC) and thinks it is almost at a major buy point around 0.0000018 BTC ($0.09).
“VET seems to be here for purchases.”
The analyst explained that if a breakout takes place, he thinks the bullish trend will be confirmed, explaining these key levels.
“Preferably what is the level I want to see the VeChain breakthrough? I would love to see this entire block break around 0.0000019 BTC ($0.09).
And then the second level that I want to see break through is the whole level around 0.00000210 BTC ($0.11). Because if this level is broken I think it will start bullish or we are facing this recent high (0.0000025 BTC or $0.13), we create ourselves a higher bottom and then we have a new trend starting up.”
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