- Pending the much-anticipated post-Bitcoin halving bull run, five main altcoins – PENDLE, AVAX, VET, LINK, and ONDO have been tipped to lead the “alt-season.”
- From the current price of $0.84, Ondo has been predicted to reach $1.09 in the near term, however, failure to secure this level could lead to a decline to $0.50.
Crypto analysts have highlighted October (Uptober) as the month for the beginning of the much-anticipated broad market bull run. Meanwhile, the market has started showing signs of bullish momentum as the total valuation surges by 10% from month-to-date to reach $2.29 trillion. With just a few days away, analysts have compiled a list of five main Real World Asset (RWA) altcoins that could return massive gains within the period.
Avalanche (AVAX)
Avalanche is a blockchain platform that provides tools and features for users to launch Decentralized Finance (DeFi) applications. Its native token, AVAX, has been observed to be approaching $30 after breaking out of an almost three-month resistance level of $28. According to the rising Balance of Power (BoP) Indicator, the asset could breach the next resistance level and progress to $55. However, failure to sustain its current position could cause AVAX to decline to as low as $17.
At press time, AVAX was trading at $29.5 after surging by 5.95% in the last 24 hours and 23% in the last 30 days.
Pendle (PENDLE)
The utility token for the Pendle protocol, PENDLE, has managed to rise above an ascending line in the past few weeks, positioning it for a rally that could surpass its $6 resistance level and target the $7 all-time high price. However, failure to validate this position could “drag” the price down to $3.
At press time, Pendle was trading at $4.6 after surging by 8% in the last 24 hours.
VeChain (VET)
VeChain exists as a global pioneer in real-world enterprise applications, and its native token (VET) is projected to hit $0.04 soon. However, failure to validate this position could push the price down to $0.01. At press time, VET was trading at $0.026 after surging by 4% in the last 24 hours and 14% in the last seven days.
Chainlink (LINK)
According to market data, Chainlink (LINK) has surged by 4.7% in the last 24 hours and 10% in the last seven days to trade at $12.8.
Interestingly, its active unique addresses have increased by 13%, with the creation of new addresses for LINK trading rising by 29% in just seven days. According to analysts, LINK could make a move to $15 in the near term. However, failure to sustain its current level could see the asset dropping to $11.
Ondo (ONDO)
Ondo has recorded an impressive demand, with its Relative Strength Index (RSI) showing a reading of 66.87. Currently, the asset is trading at $0.84 after rising by 7% in the last 24 hours and 20% in the last seven days. According to Analysts, Ondo has the potential to hit $1.09 if the rally continues. However, a rejection by sellers could push the price down to $0.50.
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