DeFi Altcoin Set for ‘Moon’ Rallies, Analyst Predicts Revival of Key Crypto Asset
A well-known crypto strategist, The Crypto Dog, predicts significant rallies for Aave (AAVE), the governance token of a decentralized finance (DeFi) lending protocol.
He notes that AAVE has successfully retested the $107 support level, signaling a potential surge. Currently, AAVE is trading at $111.62, up over 46% since its August 5th low of $75. The analyst also sees promise in Curve DAO (CRV), another DeFi project, which he believes will follow AAVE’s lead.
CRV is currently trading at $0.313, up more than 70% from its August low. Despite his optimism, The Crypto Dog warns that altcoins are still vulnerable and may face further declines if they don’t bounce soon.
Clever Robot News Desk 20th August 2024
