Crypto expert Michaël van de Poppe thinks the crypto market is about to bounce back after a long slump. He says September is usually a good month for crypto, and he’s seeing signs that altcoins are ready to explode.
Altcoins Poised for Breakout
Van de Poppe says the altcoin market, represented by TOTAL3, is showing a strong bullish divergence. This means that the price is moving sideways while momentum is increasing, suggesting a big breakout is coming.
DeFi Sector to Shine
Van de Poppe is also bullish on the decentralized finance (DeFi) sector. He believes DeFi will be a top performer in the rest of 2024, with strong indicators like high total value locked (TVL) ratios on Ethereum. He’s particularly excited about AAVE, which he thinks could break out if it hits $135.
Bitcoin on the Rise
Van de Poppe says Bitcoin is also starting to move upwards, but he believes the altcoin market will outperform in the coming months.
Disclaimer: This is not financial advice. Always do your own research before investing in crypto.
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