Crypto analyst and YouTuber Michaël van de Poppe is spotlighting a set of altcoins that he believes are primed to spark renewed rallies.
Van de Poppe says decentralized finance (DeFi) crypto assets such as lending protocol Aave (AAVE), yield farming platform yearn.finance (YFI) and yield aggregator DFI.money (YFII) appear ready to embark upon massive recoveries after taking a hit during the late-May crypto market correction.
“… The entire DeFi sector is still ready to make a very big break to the upside. And not only YFI, not only YFII, also AAVE is still looking very strong.”
The crypto analyst notes that AAVE has not broken below key support levels on the AAVE/BTC chart at 0.00825 satoshis (sats) and has remained above the critical 100-day and 200-day moving averages (MA).
“[AAVE] is still looking very strong. To see where we can go from here, it’s still above the 100-day and 200-day MA. It’s still holding the crucial level for