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The best RWA tokens ready to explode this Altseason
The bull run continues with growing institutional demand for Real World Asset (RWA) tokens. Furthermore, the price of Bitcoin is near $70,000 and the high anticipation around the Ethereum ETF has created a bullish phase in the market.
Therefore, the current cryptocurrency market environment supports the possibility of bullish trend of RWA tokens. So, let’s take a closer look at our top RWA token picks for a huge jump this summer and next altseason.
HI-FI
With a consolidation range for over weeks, the price of HIFI token shows a positive cycle that surpasses the general resistance. The RWA token is now on the verge of a high-momentum rally should it sustain above the $0.85 mark.
As the range breakout signals a trend reversal, the RWA token may soon regain the psychological $1 level. This could result in a domino effect with increased demand amid a broader market recovery.
If buying pressure continues to rise, the price of HIFI token could reach the Fibonacci level of 1.618 to $1.74.
ONDO Breakout Eyes $2
With an intraday growth of 6.31%, ONDO price shows a continuation of the bullish trend that is gaining momentum. The RWA token is on the verge of regaining the psychological threshold of $1.
As the prevailing uptrend continues after a slight recovery, ONDO price reflects a breakout of the $1 zone. Furthermore, it marks a breakout from the rounded bottom and heads towards the 1,618 Fibonacci level.
If the bull run continues, the ONDO price can reach the $2 mark.
PRCL aims for a jump to $1
With a downtrend on the 4-hour chart, the PRCL token remains under bearish pressure. Furthermore, the downtrend forms a resistance trendline, keeping the bullish growth in check.
Currently, the RWA token is showing a rounded bottom reversal that is challenging the trend line. This increases the possibility of a breakout triggering trend momentum.
According to Fibonacci levels, the bullish reversal could reach the psychological level of $1.
Will these RWA tokens enter the Bull Run?
While Ethereum price is gearing up for a bull run as the market anticipates ETF approval, altcoins find themselves at a similar crossroads. The RWA tokens mentioned promise massive rallies in the coming weeks with a potential increase of 100% or more.