Asbroadermarketsentimentimprovesandtradingactivitygainsmomentum,RealWorldAssets(RWAs)altcoinsarealsowitnessingarally.
Notablereal-worldassettokens,includingMaple(MPL),Clearpool(CPOOL),Parcl(PRCL),Chintai(CHEX),andLABSGroup(LABS),havedemonstratedsignificantgrowthinrecentweeksandareamongthetopcoinstowatchinNovember.
Maple(MPL)
MPL,thenativetokenofthedecentralizedlendingplatformMapleFinance,haswitnesseda39%pricegrowthoverthepastweek,makingitoneofthekeyRWA-basedaltcoinstowatchinNovember.Asofthiswriting,MPListradingat$24.85,itshighestsinceApril.
MPL’srallyoverthepastsevendayshascauseditspricetocrossaboveits20-dayexponentialmovingaverage(EMA)andits50-daysmallmovingaverage(SMA).The20-dayEMAtrackstheasset’saveragepriceoverthepast20tradingdays,whileits50-daySMAmeasuresitsaveragepriceoverthepast50tradingdays.
Whenanasset’spricecrossesabovethe20-dayEMA,itsuggestsashort-termbullishsentiment,potentiallysignalingthatbuyersareenteringthemarket,andmomentummaycontinueupward.
MaplePriceAnalysis.Source:TradingView
Acrossabovethe50-daySMAindicatesthepotentialstartofamedium-termuptrend,asthiscrossingsuggestssustainedbuyinginterest.Ifthisbuyingpressurepersists,MPL’spricewillclimbto$30,ahighlastreachedinMarch.
However,anuptickinprofit-takingwillcausethealtcoin’spricetoplummettoward$19.73,wheremajorsupportlies.Ifthislevelfailstohold,MPL’svaluewilldropfurtherto$17.30.
Clearpool(CPOOL)
Clearpoolisadecentralizedcapitalmarketplatformthatconnectsinstitutionalborrowerswithdecentralizedfinance(DeFi)lenders.ItispoweredbyitsCPOOLtoken,whosevaluehasskyrocketedby32%inthelastsevendays,makingitanotherRWAtokentopayattentiontoinNovember.
Asofthiswriting,CPOOL’sAroonUpLineis100%,confirmingthestrengthofitscurrentuptrend.TheAroonindicatormeasuresthestrengthanddirectionofatrend.WhentheAroonUpLinereaches100%,itsuggeststhatbullishsentimentisdominant,withbuyerspushingthepricehigherandachievingapeakwithinthemostrecentperiod.
ClearpoolPriceAnalysis.Source:TradingView
IfCPOOL’suptrendstrengthens,itspricecouldriseto$0.25,themostcriticalbarrierbetweenitscurrentvalueof$0.22andtheyearlyhighof$0.37.Asuccessfulbreakabovethisbarrierwouldsetitontracktoapproachthispricepeak.
Parcl(PRCL)
Parclisadecentralizedrealestatetradingplatform.Itsnativetokenhasrecordeda28%pricegrowthinthepastsevendays.ThegrowingdemandforthealtcoinisreflectedinitsrisingRelativeStrengthIndex(RSI),whichtracksmarketconditionstoidentifywhetheranassetisoverboughtoroversold.
Atpresstime,PRCL’sRSIisinanuptrendat60.13.ThisRSIreadingindicatesstrongbuyingactivityandsuggeststhepotentialforanextendedrally.
Ifthedemandforthealtcoinissustained,itwillattemptabreakabove$0.31,ahighitlastreachedinJune.Shouldbuyingpressureremain,PRCLwillcontinueitsrallytoward$0.46,wherecriticalresistancelies.
ParclPriceAnalysis.Source:TradingView
However,thisbullishprojectionwillbeinvalidatedifbearishsentimentgrows.Ifsellingpressuregainsmomentum,PRCL’spricewillfalltoitsall-timelowof$0.11.
Chintai(CHEX)
CHEX,theutilitytokenoftheChintaiNetwork,iscurrentlytradingat$0.30,markinga22%increaseoverthepastmonth.Movingaverageconvergence/divergence(MACD)readingssuggestthepotentialforanextendedpricerally,withCHEX’sMACDline(blue)positionedaboveitssignalline(orange).
TheMACDisanindicatorthattracksanasset’spricetrendsandmomentum,identifyingpossiblebuyorsellsignals.WhentheMACDlinecrossesandholdsabovethesignalline,it’sconsideredabullishsignal,indicatingthatrecentpricemomentumisstrongerthaninthepast—oftenseenasabuysignalfortraders.
ChintaiPriceAnalysis.Source:TradingView
Ifbuyingpressurestrengthensandtheuptrendcontinues,CHEXmayattempttoretestitsyear-to-datehighof$0.42.However,renewedbearishsentimentcouldpushthepricedowntoakeysupportlevelaround$0.14.
LABSGroup(LABS)
LABSGroup,poweredbyitsLABStoken,fractionalizesrealestateassetsintodigitalshares,makingitanotableRWAtokentowatchinNovember.
Thetokenhassurged14%overthepastweek,withitsBalanceofPower(BoP)indicatorcurrentlyat0.48,reflectingabullishbias.TheBoPmeasurestherelativestrengthofbuyersagainstsellers,withpositivevaluesindicatingbuyercontrolinthemarket.
LABSPriceAnalysis.Source:TradingView
Ifbuyingmomentumholds,LABScouldclimbto$0.00028,alevellastseeninJuly.However,reducedtokenaccumulationmaydrivethepricedowntowardthesupportlevelof$0.000075.
beincrypto.com