Chart pattern indicates that RWA-focused altcoins look poised to rally, says crypto analyst – and here are his predictions
The chart pattern indicates that one of the altcoins operating in the Real Assets (RWA) cryptocurrency sector looks ready for a bullish rally, according to a popular analyst.
Trader Ali Martinez He tells His 118,700 followers on social media platform
A bull flag is usually seen as a bullish pattern, indicating that the asset is consolidating before starting a new rally.
Martinez says the bullish flag suggests ONDO could target $3.40, which would represent a 141% upside.
ONDO is trading at $1.41 at the time of writing. The crypto asset, which ranks 37th by market capitalization, has risen more than 6% in the past 24 hours.
Also a cryptanalyst He says Historical trends regarding the Bitcoin (BTC) halving suggest that a bear market could begin between May and October of this year. The Bitcoin halving is a highly anticipated event that halves the rewards for BTC miners.
Martinez too Notes Nearly $5 billion in BTC profits were made on Thursday alone.
BTC is trading at $104,947 at the time of writing. The top-rated crypto assets by market capitalization rose more than 1% in the past 24 hours.
Martinez too Notes Crypto whales sold more than 180 million Cardano (ADA) over the past week.
Ethereum competitor (ETH) is trading at $0.973 at the time of writing.
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