Analyst Predicts ‘Moon’ Rallies for DeFi Altcoin, Says One Crypto Asset Coming to Life
A widely followed crypto strategist says the governance token of a decentralized finance (DeFi) lending protocol is gearing up for rallies. Pseudonymous analyst The Crypto Dog tells his 809,500 followers on the social media platform X that he’s bullish on Aave (AAVE). The trader shares a chart that suggests AAVE has successfully retested the level at $107 as support. “Think that’s gonna moon.” Source: The Crypto Dog/X At time of writing, AAVE is trading for $111.62, down slightly in the past 24 hours but up over 46% since printing its August 5th low at around $75. Turning to another DeFi project, Curve DAO (CRV), the analyst says the altcoin appears to be following in the footsteps of AAVE in its Bitcoin pair (AAVE/BTC). “Finally, CRV comes to life… BTC near resistance, strong alts break out. Pay attention to ratio pair strength Ignore alts that can’t pump against BTC. AAVE leader now, I think CRV joins soon....