November has been a standout month, with several assets reaching new highs. Real World Assets (RWAs) are no exception. Several of them have risen to multi-year highs, and some look ready to extend their gains.
Tokens such as Avalanche (AVAX), Chainlink (LINK), Artrade (ATR), Ondo (ONDO), and XDC Network (XDC) have shown significant growth in recent weeks, securing their place among the top RWA altcoins to watch in December.
Avalanche (AVAX)
AVAX, the native coin of the layer-1 Avalanche blockchain, has witnessed a 20% price growth over the past week, making it one of the top RWA-based altcoins to watch in December. At the time of writing, the altcoin is trading at around $42.
AVAX's Directional Movement (DM) Index, measured on a daily chart, confirms the bullish momentum. At the time of writing, the coin's positive directional index (blue) is above the negative directional index (red), reflecting the market's bullish trend.
Additionally, the DMI indicator determines the strength and direction of a trend. When the positive directional index is above the negative directional index (red), it signals that the market is in an uptrend, with the upward price movement being stronger than the downward pressure. Therefore, this suggests bullish market conditions and is often a signal for traders to consider long positions.
AVAX Price Analysis. Source: TradingView
If this trend continues, the price of AVAX will rise to $47.02. A successful breakout of this resistance level will propel the price of the coin to $55.10. On the other hand, if the selling activity intensifies, the price of the asset will fall to $35.66.
Chainlink (LINK)
The leading oracle network Chainlink is powered by its LINK token, which has surged in value by 24% over the past seven days. This makes it another RWA token to watch in December. LINK is currently trading at $17.98, a price level it hasn’t reached since June.
At the time of writing, LINK is trading above the green line of its Super Trend indicator, confirming the uptrend. This indicator measures the general direction and strength of an asset's price trends.
It appears as a line on the price chart that changes color to reflect the direction of the trend: red for a downtrend and green for an uptrend. So, when the Super Trend line appears below the asset's price, it indicates an uptrend, suggesting that the bullish momentum is likely to persist.
LINK Price Analysis. Source: TradingView
If this holds, LINK’s price will rise to $19.38. A successful breakout of this level will put LINK on track to reclaim its yearly high of $22.87. However, if market sentiment turns bearish, LINK’s price could drop to $17.22.
Artrade (ATR)
Artrade is an online marketplace for real-world art pieces. Its native token, ATR, has seen a 103% price growth in the past seven days.
On its daily chart, ATR’s 50-day Simple Moving Average (SMA) crossed above its 200-day SMA on Nov. 23, triggering what is known as a “golden crossover”—a strong bullish signal suggesting upward price momentum. Hence, following the crossover, the asset’s price surged 38%, reaching a six-month high of $0.032 at press time.
When a golden cross is formed, the asset's recent price momentum (over the past 50 days) is moving faster than its long-term trend (over the past 200 days). This pattern confirms a shift from a downtrend to an uptrend and suggests further price appreciation.
ATR Price Analysis. Source: TradingView
If this trend continues, the token's price will rise to $0.042. On the other hand, its value will fall to $0.026 if buying activity decreases.
IOTA (IOTA)
IOTA, the native token of the open-source decentralized distributed ledger platform IOTA, is one of the RWA altcoins to watch closely this December. Currently trading at $0.22, the altcoin has pulled back slightly from its seven-month high of $0.25 reached during Monday's trading session.
Despite the pullback from this high price, the bullish bias towards the altcoin remains strong. The setup of its Parabolic Stop and Reverse (SAR) indicator confirms this. At the time of writing, the dots of this indicator are below the IOTA price.
This indicator helps identify potential price trends by placing dots above or below the price. When the dots are below the price, it signals an uptrend, suggesting that bullish momentum is in play and may continue.
IOTA Price Analysis. Source: TradingView
If this trend continues, IOTA will rise towards $0.25 and attempt to break above it. On the other hand, a drop in buying pressure will see the IOTA price drop to $0.19.
XDC Network (XDC)
XDC is one of the RWA altcoins to watch in December, having seen a 32% increase in price over the past week.
Furthermore, the token’s rising moving average convergence and divergence (MACD) confirms the bullish trend towards it. At the time of writing, the token’s MACD line (line) is above its signal line (orange).
The MACD indicator identifies changes in the strength and direction of an asset's price trend. Thus, when the MACD line is above the signal line, it indicates bullish momentum, suggesting potential for further price gains as the short-term trend strengthens over the long-term one.
XDC Price Analysis. Source: TradingView
Thus, the price of XDC will rise towards $0.063 if this trend continues. On the other hand, if the token sell-off increases, the asset’s price could fall to $0.047, jeopardizing this bullish outlook.
The article 5 RWA altcoins to watch in December appeared first on BeInCrypto Brasil.