We wait for a breakout from the Ascending Triangle (above $600 resistance) to signal uptrend resumption to the next resistance of $720 for a +20% potential gain. Triangle is starting to close in, reaching a pinnacle, which suggests that a breakout is approaching.
Undervaluated Projects from Real World Assets (RWA) sector
In our latest analysis, we focused on Real World Assets (RWA) projects, examining their metrics including prices, fully diluted market capitalizations, total value locked (TVL), and TVL ratios. Our goal is to uncover the most promising undervalued coins in this category!
📈Top RWA Projects Analyzed by TVL:
$AAVE ve (0.11x) $COMP Compound (0.16x) Save (ex-Solend) (0.18x) Notional (0.30x) $MKR KR Maker (0.25x) LINK* (0.47x) Maple (0.57x)
All these projects have a TVL ratio below 1.0x, showcasing their potential as undervalued investments in the RWA category.
Explore more undervaluated projects from L1, L2 sector and altFINS Coin Picks here.
BTC trends are mixed but improving. Price broke above $60K resistance and out of Symmetrical Triangle pattern, and it successfully retested that breakout level. If price can break through the $64.4K resistance and 200-day moving average, it could revisit $72K next.
We would be buyers if price 1) breaks above $64.4K resistance, or 2) pulls back to $60K support. Stop Loss at $57K.