Ethereum
Top RWA Tokens to Watch When Listing Ethereum ETFs
As Ethereum price surges while Bitcoin marks its third consecutive positive day, altcoins are quick to jump. The bullish trend is gaining momentum as market gurus anticipate Ethereum’s July listing, during which RWA tokens deserve to be on your crypto watchlist.
As the market anticipates a bullish turn in the coming weeks, small-cap altcoins are worth keeping an eye on. So, let’s take a closer look at our top RWA token picks for a massive jump as the market recovers and the hype around Ethereum’s listing grows.
Real World Asset (RWA) Tokens to Watch: Opulous (OPUL)
With a market cap of $26 million, Opulous is a P2P DeFi platform backed by real assets. As the altcoin market rebounds, the price of the OPUL token has increased by 20% in the last 24 hours.
With a descending wedge on the daily chart, the OPUL token price reveals a bullish cycle within the pattern. Starting the uptrend with a morning star, the RWA token is up 24% in three days.
The RWA token is ready to challenge the overhead resistance trendline with the MACD and signal lines in positive alignment.
With a potential rebound, OPUL price could reach the 200-day exponential moving average at $0.145 next week. If the momentum continues, the uptrend could reach the $0.25 mark.
Electra Protocol
Electra Protocol is an RWA token with a market cap of $11.82 million, up 6% today. Despite the clear downtrend on the daily chart, the XEP token price shows a strong support level at $0.0005229.
The downtrend in XEP price forms a resistance trendline and leads to a deadly crossover at the 50D and 200D EMAs. However, the RWA token is showing a bullish reversal, gaining momentum and teasing the trendline breakout rally.
If the uptrend continues, XEP price could reach the psychological mark of $0.0010.
Mantra (OM)
OM, the native token of Mantra, a security-focused RWA Layer-1 blockchain, is showing an ongoing bullish trend. With a recent bullish cycle from the $0.6251 support level, the OM token is up 47% in 15 days.
Currently, the RWA token is trading at $0.96 after the overnight surge of 4.73%. Moreover, the uptrend is ready to break above the psychological $1 mark, causing a new high momentum spike. According to the trend-based Fibonacci levels, the bullish reversal is ready to challenge the 38.20% level.
A breakout rally is aiming to potentially hit the $1.39 mark this month.