Crypto Analyst The Crypto Dog Says Aave (AAVE) and Curve DAO (CRV) Are Gearing Up for Rallies
- PHPzOriginal
- 2024-08-19 09:42:16725browse
Pseudonymous analyst The Crypto Dog tells his 809,500 followers on the social media platform X that he's bullish on Aave (AAVE).
Pseudonymous crypto strategist The Crypto Dog says that the governance token of a decentralized finance (DeFi) lending protocol is preparing for rallies.
The analyst tells his 809,500 followers on the social media platform X that he’s bullish on Aave (AAVE).
The trader posts a chart that shows AAVE successfully retesting the level at $107 as support.
“Think that’s gonna moon.”
At the time of writing, AAVE is trading at $111.62, down slightly in the past 24 hours but up over 46% since printing its August 5th low at around $75.
Another DeFi token on The Crypto Dog’s radar is Curve DAO (CRV). The analyst says that the altcoin seems 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.”
At the time of writing, CRV is trading at $0.313, down over 3% in the past day but up over 70% from its August 5th low at around $0.18.
While bullish on AAVE and CRV, The Crypto Dog says that altcoins look vulnerable at the moment.
“About to rebuy alts because if they don’t bounce here, I think they’re going to hades.”
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