💥💥💥 5 Real World Assets (RWA) #Altcoins👀🚀 to Trade in June 2024

1. #Avalanche (AVAX)

Avalanche (AVAX) has consolidated between $40 & $32 recently, with multiple attempts to break these levels proving unsuccessful. Currently trading at $34 near the $32 support, AVAX faces potential downward pressure if the broader market remains bearish, possibly dropping to $31. However, a breakout from this range could push AVAX towards $45, reaching a multi-month high.

2. #Chainlink (LINK)

Chainlink (LINK) is following broader market trends, possibly indicating a slight correction. Despite a profitable May with a 44% increase in price, LINK faced resistance at $18.78, failing to break through as in April. This led to a drop to $17.7, with potential further decline to $16.55. Conversely, a breakout above $18.78 could trigger a recovery, pushing LINK towards $20 & beyond.

3. #InternetComputer (ICP)

Internet Computer (ICP) has seen little movement in the past month & a half, mostly trading sideways. Priced at $12.12, it failed to surpass the $15.34 resistance. The Relative Strength Index (RSI) sits below 50, indicating potential for a recovery if it holds as support. If successful, ICP could rally above $12.91 & $15.34, aiming for $17.92.

4. Synthetix Network ($SNX )

Synthetix (SNX), with a market cap of $876 million, isn't in the top 50 or 100 cryptocurrencies but is a notable RWA token. Initially boosted by AI hype, SNX has seen its bullish momentum wane, leading to a price decline. Currently consolidating below $3.15 but above $2.33, a break above or below these levels could signal the end of consolidation, potentially leading to a rally or breakdown.

5. #Maker (MKR)

Maker (MKR) is currently at a three-month low of $2,384, declining since early April from a peak of $4,000. Hovering near the $2,556 support level, MKR faces potential further decline to $2,271 if this level breaks. However, positive market signals could drive a recovery, propelling MKR above the $2,693 resistance towards $3,159, which would negate the bearish trend.

Source - beincrypto.com