With the trend of tokenization thriving, the total market value of Real-World Assets (RWA) has exceeded $13 billion. At the same time, large asset management firms led by Franklin and BlackRock are continuously moving towards on-chain development.
Source: RWA.xyz Total Scale of Tokenized Assets (RWA)
In fact, Franklin issued the on-chain US Treasury fund "$FOBXX" via the Stellar blockchain back in April 2021; BlackRock also issued the tokenized US Treasury fund "$BUIDL" through Ethereum in March this year. Notably, $BUIDL's market share surpassed $FOBXX within just two months of its issuance, solidifying its position as the leader in the tokenized US Treasury market. This series of moves by traditional financial institutions indicates their strong confidence in the application value of RWA, making RWA likely one of the most promising tracks in the DeFi sector.
(BeInCrypto) Analysts point out that five RWA tokens may experience outstanding performance in November, outperforming the market, and provide short-term support and resistance analysis. This article is for reference only and should not be used as investment advice.
Maple Finance ($MPL)
Maple Finance ($MPL) is currently priced at $24.85, having risen 39% over the past week, which has allowed it to break through the 20-day Exponential Moving Average (EMA20) and the 50-day Moving Average (MA50), potentially indicating that bulls are entering the market and continuing the upward trend. $MPL's recent price support is at $19.73; if selling pressure increases, it could rise to this year's March high of $30; conversely, if it falls below that support level, it may further decline to $17.30.
Source: (BeInCrypto) $MPL Price Trend
Clearpool ($CPOOL)
Clearpool ($CPOOL) is currently priced at $0.2266, having risen 32% over the past week, which has allowed its Aroon Up Line to reach 100%, indicating that bullish sentiment is dominating the market. If buying pressure increases, $CPOOL may rise to the key resistance level of $0.25, and successfully breaking through this level could lead to further increases to this year's high of $0.37.
Source: (BeInCrypto) $CPOOL Price Trend
Parcl ($PRCL)
$PRCL's current price is $0.2587, having risen 28% over the past week, reflected in the Relative Strength Index (RSI). $PRCL's RSI is 60.13, indicating strong buying pressure; if this continues, $PRCL could reach this year's June high of $0.31, or even further rise to the key resistance level of $0.64; conversely, if selling pressure strengthens, $PRCL may fall to the historical low (ATL) of $0.11.
Source: (BeInCrypto) $PRCL Price Trend
Chintai ($CHEX)
$CHEX's current price is $0.3020, up 22% over the past week, with its MACD fast line continuing to diverge from the slow line after a golden cross. If buying pressure increases, $CHEX may retest this year's high of $0.42; conversely, if bullish sentiment cannot be maintained, it may fall to the key support level of $0.14.
Source: (BeInCrypto) $CHEX Price Trend
LABS Group ($LABS)
$LABS's current price is $0.0001052, up 14% over the past week, which has brought its Balance of Power (BoP) to 0.48, reflecting a bullish trend. If the trend continues, $LABS may rise to $0.00028; however, if selling pressure increases, it may fall to $0.000075.
Source: (BeInCrypto) $LABS Price Trend
[Disclaimer] The market has risks; investment should be cautious. This article does not constitute investment advice, and users should consider whether any opinions, views, or conclusions herein align with their specific circumstances. Invest at your own risk.