According to popular analysts, a chart pattern indicates that one altcoin in the crypto-real world assets sector (RWA) is ready for a surge upwards.
Ali Martinez, a trader on social media platform X, tells his 118.700 followers that RWA’s Ondo Finance project (ONDO), “appears” to be breaking through a bull-flag.
Bull flags are typically seen as bullish patterns, indicating that an asset consolidates before embarking on a new rally.
Martinez claims that the bull’s-eye suggests ONDO may be targeting $3.40. This would mean a 141% rise.
ONDO was trading for $1.41 as of the time this article is written. In the last 24 hours, this 37th-ranked cryptocurrency asset has gained more than 6 percent.
Crypto analyst says historical trends relating to Bitcoin (BTC), halvings, suggest that a bearish market may begin in May or October this year. The Bitcoin halving, which is highly anticipated and cuts BTC mining rewards in half, will take place between May and October of this year.
Martinez notes that on Thursday, BTC profited $5 billion.
BTC was trading at $104,947 when this article was written. In the last 24 hours, BTC has risen by over 1%.
Martinez notes also that cryptocurrency whales have sold over 180 millions of Cardano in the last week.
At the time of this writing, Ethereum (ETH), the Ethereum rival, is currently trading at $0.973.
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The post Chart Patterns Suggests RWA Focused Altcoins Looks Ready To Rally, Crypto Analyst Says – Here is His Outlook can be updated as new information becomes available.
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