Top RWA Tokens Must Look After Amid Ethereum ETF Listing
The post Top RWA Tokens Must Look After Amid Ethereum ETF Listing appeared first on Coinpedia Fintech News
With the Ethereum price rising as Bitcoin marks its third consecutive positive day, the altcoins are quick to jump. The bullish trend is gaining momentum as the market gurus anticipate Ethereum listing in July, amidst which the RWA Tokens deserve to be on your crypto watchlist.
With the market anticipating a bullish turn in the coming weeks, low-cap altcoins are worthy to look out for. So, let’s look closer at our top picks of RWA tokens for a massive jump as the market recovers and the hype around Ethereum listing grows.
Real World Asset (RWA) Tokens To Look Out For: Opulous (OPUL)
With a market cap of $26M, Opulous is a P2P DeFi platform backed by real-world assets. As the altcoins market bounces back, the OPUL token price is up by 20% in the last 24 hours.
With a falling wedge in the daily chart, the OPUL token price reveals an upcycle within the pattern. Kickstarting the uptrend with a morning star, the RWA token is up 24% in three days.
The RWA token is ready to challenge the overhead resistance trendline with the MACD and signal lines in a positive alignment.
With a potential breakout rally, the OPUL price could reach the 200D EMA at $0.145 next week. Considering the momentum sustains, the uptrend could hit the $0.25 mark.
Electra Protocol
Electra Protocol is an RWA token with a market cap of $11.82 million, up 6% today. Despite the clear downtrend in the daily chart, the XEP token price action shows a strong support level at $0.0005229.
The declining trend in the XEP price forms a resistance trendline and leads to a death cross in the 50D and 200D EMA. However, the RWA token shows a bullish reversal, gaining momentum and teasing the trendline breakout rally.
If the bull run continues, the XEP price can reach the $0.0010 psychological mark.
Mantra (OM)
OM, the native token of Mantra, a security-centered RWA Layer-1 Blockchain, shows a bullish trend in motion. With a recent bull cycle from the $0.6251 support level, the OM token is up 47% in 15 days.
Currently, the RWA token trades at $0.96 following the overnight jump of 4.73%. Further, the bullish trend is ready to overcome the $1 psychological mark, teasing a new high momentum spike. As per the trend-based Fibonacci levels, the bullish reversal is ready to challenge the 38.20% level.
A breakout rally aims to potentially hit the $1.39 mark this month.
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