The world of digital currencies is always evolving, and the latest trend to emerge is the rise of Real World Assets (RWA). These tokens, which are gaining popularity alongside AI altcoins, represent a unique type of asset that is becoming increasingly tokenized for easier trading and investment in the cryptocurrency market. Let’s take a look at three notable projects in this realm.
AVAX Chart Analysis
Avalanche’s price has recently dropped to its lowest level in seven months, reaching levels last seen in December 2023. As of now, AVAX is trading at $28.48, just above the key support level of $27.72. The Relative Strength Index (RSI) is also showing an upward trend, indicating a potential bullish turn for AVAX if it can close above $31.
LINK Chart Analysis
Chainlink’s price performance has been similar to AVAX, with the exception that it did not lose its critical support level and has instead rebounded. The $12.9 level has served as a strong support base for LINK, giving it a bullish chance. The RSI’s position in the bullish zone above the neutral line adds to the positive outlook for Chainlink.
MAKER Chart Analysis
MakerDAO’s native token, Maker, is also showing signs of recovery after hitting its lowest level in several months in June. Testing $2,200 as a support level, Maker has now risen to trade at $2,457. The RSI data for Maker is already in the bullish zone, and if it can surpass the resistance level of $2,693, a rise to $3,000 to $3,159 is expected before the end of July.
Please note that the information provided in this article does not constitute investment advice. Investors should be aware of the high volatility and risk associated with cryptocurrencies and conduct their own research before making any investment decisions.
