The cryptocurrency market has displayed a positive price movement following the price of Bitcoin successfully reclaiming the $57,000 mark. Moreover, top altcoins have recorded a notable uptrend in their respective portfolios over the past few hours.
On the other hand, the Real World Assets (RWA) category has regained momentum with some tokens recording double-digit gains within the past 1 hour. With the current market sentiment, will the RWA category outperform top crypto tokens during the coming time?
Dive in as, in this article, we have covered the top 3 RWA tokens that have the potential to record a massive uptrend in their respective portfolios during the upcoming weeks.
Chromia (CHR):
Notably, the CHR price has recorded a correction of 2.38% within the past 24 hours with a change of +30% in its trading volume. Positively, it has jumped over 10% within the past seven days and has a YTD return of 31.41%, highlighting a long-term bullish sentiment for the altcoin.
The technical indicator, MACD, has displayed a constant decline in the green histogram, indicating a decline in the buying and selling pressure for the altcoin in the crypto space. However, the averages display a constant rise, suggesting a mixed sentiment.
If the market holds the OM price above its important support level of $0.2580, the bulls will regain momentum and prepare to test its upper resistance level of $0.3430. Conversely, if the bears regain control, the Mantra price will plunge toward its low of $0.1925 this month.
Chainlink (LINK):
Amid increased price volatility in the crypto market, the LINK price has added 4.97% to its portfolio within the past 24 hours with a trading volume of $369.609 Million, a change of +51.04%. However, the altcoin continues it struggle to breach its important resistance level of $13.275.
The Relative Strength Index (RSI) has recorded a sharp rise toward its mid-point, highlighting increased buying sentiment for the LINK price in the crypto market. Further, the average trendline displays a bullish crossover, suggesting a positive outlook.
On the other hand, the SMA indicator constantly acts as a resistance to the price chart in the 1D time frame, suggesting a mixed sentiment in the crypto space.
Suppose, a bullish reversal occurs, in such case the Chainlink price will prepare to test its high of $15.050. Negatively, if the bears continue to dominate the market, the LINK price will retest its crucial support level of $11.775 this month.
Mantra (OM):
Despite the ongoing cross-border market correction, the Mantra price has added 4.16% within the past day and 21.24% over the past week. Moreover, the OM coin price has jumped 2.46% within the past 30 days and has a Year-to-Date (YTD) return of 1,490.70%.
The Moving Average Convergence Divergence (MACD) displays a constant green histogram, indicating a rising bullish sentiment for the OM price in the crypto market. Further, the averages show a significant uptrend, highlighting the Mantra price will continue gaining value this week.
Maintaining the OM coin price above its important support level of $0.850 will set the stage for it to prepare to test its upper resistance level of $1.035. However, a bearish reversal could pull the altcoin toward its crucial support of $0.6250.
Polymath (POLY):
Built on the Ethereum chain, the Polymath project provides its users with the technology to create, issue, and manage security tokens on its blockchain. Further, to fulfill the regulatory requirements of the capital market, it has Polymesh, an institutional-grade blockchain built specifically for regulated assets.
With a trading price of $0.08899, a circulating supply of 924,998,413 POLY, and a total supply of 1 Billion tokens, it has secured the 396th position in the global crypto-list with a market capitalization of $82.316 Million.
Despite recording a correction of 15.03% over the past seven days, this altcoin has surged 8.90% within the past day and has surged 23.55% over the past 30 days, highlighting a strong bullish outlook for the POLY price in the coming time.
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