Altcoins News: Crypto analyst and YouTuber Michaël van de Poppe points to altcoins that he believes are poised to trigger new rallies. Decentralized finance (DeFi) crypto-assets, such as lending protocol Aave (AAVE), yield farming platform yearn.finance (YFI), and DFI.money (YFII), appear poised to start big recoveries after altcoins take a hit in late May, Van de Poppe said. says.
According to the famous analyst Poppe, which altcoins will increase 5-10 times?
Hoping for an upward move, Poppe said:
“…The entire DeFi industry is still poised to make a huge breakout to the upside. And it’s not just YFI, not just YFII, AAVE looks very strong as well.”
The crypto analyst states that AAVE has not dropped below the key support levels of 0.00825 satoshi (sat) on the AAVE/BTC chart and remains above the critical 100-day and 200-day moving averages (MA).
Poppe also said:
“[AAVE] still looks very strong. It will be interesting to see where we can go from here, it’s still above the 100-day and 200-day MA. It still holds a very important level for support, as AAVE is a very important level to hold on to.”
Van de Poppe adds that in addition to the DeFi sector, decentralized oracle networks such as Chainlink (LINK) and Band Protocol (BAND) also seem to be poised for an upward move.
“…The entire DeFi industry might be what you are looking for for your momentum, I still repeat that, watch out for the oracle part.”
Despite the recent market crash, Van de Poppe states that Chainlink is showing strength again in the Bitcoin pair (LINK/BTC). Van de Poppe believes that Chainlink could move up if Bitcoin stays stable and doesn’t make a big move to the downside. According to the crypto analyst, the more people remain calm towards Bitcoin when Bitcoin starts to rise upwards, the easier they will start to turn to altcoins again. Pope:
“As for Chainlink, you can see that the Bitcoin pair has already returned to pre-collapse compliance levels. What do we see against Bitcoin in Chainlink? We can see that we are currently taking the 100-day and 200-day MA as support, these levels are likely to continue. ”
Regarding the Band Protocol, Van de Poppe predicts that the crypto asset could similarly rise once it overcomes the resistance at around 0.0004 sats on the BAND/BTC chart:
“You can see with BAND that we need to go above this resistance zone. If we do that and turn it around, we can start making a similar move.”