Top RWA Tokens Ready To Explode This Altseason
The post Top RWA Tokens Ready To Explode This Altseason appeared first on Coinpedia Fintech News
The bull run continues with the growing institutional demand for Real World Asset (RWA) tokens. Further, the Bitcoin price is near $70K, and the high anticipation around the Ethereum ETF set a bullish stage in the market.
Hence, the current environment of the crypto market supports the uptrend possibility in the RWA tokens. So, let’s have a closer look at our top picks of RWA tokens for a massive jump this summer and the upcoming altseason.
HIFI
With a consolidation range for over weeks, the HIFI token price shows a positive cycle breaking above the overhead resistance. The RWA token is now on the verge of a high momentum rally if it sustains above the $0.85 mark.
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As the range breakout signals a trend reversal, the RWA token could shortly reclaim the psychological mark of $1. This could result in a domino effect with increased demand amidst a broader market recovery.
If the buying pressure continues to rise, the HIFI token price could reach the 1.618 Fibonacci level at $1.74.
ONDO Breakout Eyes $2
With an intraday growth of 6.31%, the ONDO price shows a bullish trend continuation gaining momentum. The RWA token is on the verge of reclaiming the psychological mark of $1.
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As the prevailing uptrend continues after a minor comeback, the ONDO price reflects a breakout of the $1 zone. Further, it marks a rounding bottom breakout and heads to the 1.618 Fibonacci level.
If the bull run continues, the ONDO price can reach the $2 mark.
PRCL Aims A Breakout Jump To $1
With a declining trend in the 4H chart, the PRCL token remains under bearish pressure. Further, the downtrend forms a resistance trendline, keeping the bullish growth under check.
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Currently, the RWA token shows a rounding bottom reversal that is challenging the trendline. This increases the breakout possibility of unleashing the trend momentum.
As per the Fibonacci levels, the bullish reversal could reach the psychological mark of $1.
Will These RWA Tokens Enter Bull Run?
As the Ethereum price is preparing a bull run as the market anticipates the ETF approval, the altcoins are at a similar crossroads. The mentioned RWA tokens are promising massive breakout rallies in the coming weeks with a potential 100% surge or more.