The shifting dynamics in the crypto arena have put a spotlight on Real World Asset (RWA) tokens. As institutions continue to engage actively, many are left wondering about the future price movements of these digital assets. With so much at stake, which coins are poised for growth in this evolving landscape? Dive in to explore potential winners. Ondo (ONDO) Shows Signs of Potential Rebound After Recent Drop Source: tradingview Ondo's current price hovers between 37 and 45 cents, showing slight movement within this narrow range. Although recent months have seen a nearly 9% dip in the last month and over 63% drop in half a year, there's potential for upward movement. Its immediate challenge lies in the 50-cent resistance. If ONDO breaks past this, it eyes a climb toward 58 cents. This represents a potential rise of about 29% from the top of the current range. With an RSI below 40, ONDO appears undervalued, which may attract buyers. Yet, traders should watch for price settling above short-term moving averages to boost confidence in upward potential. Algorand Price Hovers with Potential for a Modest Rebound Source: tradingview Algorand (ALGO) is currently trading between 13 and 14 cents, showing a slight dip over the past week but a notable gain in the past month. The nearest resistance level is set at 15 cents, while support is nearby at 12 cents. This suggests a potentially cautious upward trend if the resistance is broken. Algorand has gained over 10% this month, indicating a glimmer of recovery. However, over the past six months, it remains down by more than half of its value. If the coin successfully breaks through the second resistance at 17 cents, it could see a growth of around 30% from its current levels. Avalanche (AVAX) Eyes Potential Surge Amid Recent Price Movements Source: tradingview Avalanche's price is currently drifting between $13.18 and $14.50. It hints at a cautious optimism as it nears the resistance level of $15.31. Traders may find comfort that the coin recently gained over ten percent this past month. Yet, the journey isn't without bumps, seeing a big drop of nearly forty-four percent over half a year. If AVAX can overcome its nearest hurdles and touch $16.63, it could mean a rise of over twenty percent from its current low. The crypto still has room to grow, but it walks a tightrope between resistance and support levels. Stellar Price Eyes Modest Rally Amidst Lingering Uncertainty Source: tradingview Stellar's current price dances between 21 and 25 cents, resting near its 10-day moving average. It's coming off a slight drop over the past week, down a bit more than 1%. This coin is testing waters close to its support line at 20 cents, suggesting some stability. Challenges remain with resistance near 27 and 30 cents. If momentum picks up, Stellar might aim for these levels, eyeing potential growth over its month-long uptrend of around 3.5%. Still, long-term watchers note a steep 50% fall over six months. With more balance in relative strength and a subdued MACD, Stellar seems tentatively optimistic about its near future. Conclusion Institutions remain active in the crypto market. ONDO and ALGO show strong potential for steady growth. AVAX's unique features continue to attract attention. XLM maintains its appeal due to its focus on financial inclusion. These coins are likely to play significant roles in the evolving market. Each offers unique value propositions, making them interesting to watch for future developments. Consistent interest from institutions could indicate sustained growth for these tokens. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
