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Cryptocurrency News Articles
Top RWA Tokens to Watch This Summer as the Market Anticipates the Ethereum ETF
May 23, 2024 at 04:46 pm
The bull run continues with the growing institutional demand for Real World Asset (RWA) tokens. Further, the Bitcoin price is near $70K, and the high anticipation around the Ethereum ETF set a bullish stage in the market.
The bull run in the crypto market continues unabated, with growing institutional demand for Real World Asset (RWA) tokens setting the stage for a promising summer and altseason. Among the top picks for massive gains are HIFI, ONDO, and PRCL.
After consolidating for several weeks, HIFI token price is poised for a bullish breakout if it sustains above the $0.85 resistance level. This could lead to a rapid rally, targeting the psychological mark of $1 and potentially reaching the 1.618 Fibonacci level at $1.74.
ONDO price is continuing its bullish trend with an intraday gain of 6.31%, aiming to reclaim the $1 support level. This breakout could propel the RWA token to the 1.618 Fibonacci level, aiming for the $2 mark if the buying pressure persists.
PRCL token price is facing resistance from a downtrend line after a decline in the 4H chart. However, a rounding bottom reversal is challenging this trendline, increasing the possibility of a breakout. If this occurs, the RWA token could experience a bullish reversal, targeting the psychological mark of $1.
These RWA tokens are positioned for substantial gains as the broader crypto market anticipates the Ethereum ETF approval and prepares for a bull run.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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