Real-asset altcoins (RWAs) saw significant growth in December, despite the broader market pullback at the end of the month. Notably, some RWA tokens showed resilience and maintained their upward trajectory, highlighting their potential for sustained performance.
1/- Reserve Rights (RSR):
RSR posted a 35% surge in December despite a sharp correction in the latter half of the month. This surge was the altcoin’s highest level in 2024, showing strong momentum before the pullback. Investors remain optimistic about the altcoin’s potential recovery in the coming weeks.
Currently trading at $0.013, RSR is well below its 2024 high of $0.027. The altcoin’s immediate target is to reclaim the $0.015 support level. Achieving this milestone could signal a continuation of the uptrend over the next four weeks, supported by renewed investor interest.
However, losing support at $0.013 would threaten the bullish outlook for RSR. A drop to $0.010 or lower could negate recent gains, highlighting the need for stability to maintain momentum. Market conditions will play a crucial role in determining the path of the altcoin.
2/-Hedera (HBAR):
HBAR impressed investors in December with a notable 56% surge, even as it consolidated for most of the month. Currently trading at $0.266, the altcoin has managed to attract attention, indicating strong potential amid growing market interest.
The cryptocurrency is aiming to break out of the consolidation range between $0.392 and $0.250. To achieve this, HBAR needs favorable broader market conditions to support its move towards $0.476. Such a breakout will boost its bullish momentum and could prompt additional gains.
However, if HBAR loses the critical support level at $0.250, it risks a drop to $0.182. Such a drop would negate the bullish outlook and signal increased selling pressure, highlighting the importance of holding key levels to maintain market confidence.
3/-Clearpool (CPOOL):
CPOOL has surged 57% over the past month, attracting significant investor interest despite its relatively small market size. The altcoin’s impressive growth has positioned it as a notable performer in the current market, attracting interest from both individual and institutional players.
Currently trading at $0.40, CPOOL has struggled to close above the critical resistance at $0.53. Breaking this barrier will allow the altcoin to target $0.60 or higher, indicating a continuation of the bullish momentum.
However, continued volatility could push CPOOL to $0.37 or lower. A further drop to $0.28 would negate the bullish outlook, underscoring the importance of maintaining stability to avoid eroding investor confidence. Market conditions will play a crucial role in determining the token’s trajectory.
4/-ONDO:
ONDO has shown the least growth among RWA tokens, rising just 7% over the past four weeks. Currently trading at $1.31, the altcoin remains under scrutiny as investors assess its potential for recovery amid sluggish momentum.
The token is holding the support level above $1.24, aiming to turn $1.48 into a support floor. Achieving this milestone is crucial for ONDO to recover recent losses and work towards reclaiming the $2.00 level, which indicates a stronger upward trajectory.
However, a continuation of the bearish sentiment could see ONDO fall below $1.24, leading to a pullback to $1.07. Such a drop would invalidate the bullish outlook, highlighting the importance of holding key support levels to maintain investor confidence.
5/-Polyhedra Network (ZKJ):
ZKJ enjoyed a strong December, rising 38% to $2.02 at the time of writing. This impressive rise reflects the growing interest in the altcoin, making it a standout performer in the cryptocurrency market.
Currently consolidating between $2.06 and $1.93, ZKJ is aiming to turn $2.06 into a support level to maintain its upward trend. Continued investor support and favorable market conditions will be necessary for the altcoin to maintain its momentum and push it higher.
However, if ZKJ drops below the $1.93 support level, it risks a drop to $1.67. Such a drop would invalidate the bullish outlook, highlighting the importance of maintaining critical support levels to maintain its current trajectory.