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Chart Pattern Suggests RWA-Focused Altcoin Looks Primed To Rally, Says Crypto Analyst – Here’s His Outlook

n70products by n70products
January 26, 2025
in Altcoin
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Chart Pattern Suggests RWA-Focused Altcoin Looks Primed To Rally, Says Crypto Analyst – Here’s His Outlook
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A chart sample suggests one altcoin working on the real-world property (RWA) crypto sector seems prepared for an upside burst, in response to a preferred analyst.

The dealer Ali Martinez tells his 118,700 followers on the social media platform X that the RWA venture Ondo Finance (ONDO) “seems to be breaking out of a bull flag.”

A bull flag is often considered as a bullish sample, suggesting that an asset is consolidating earlier than kicking off on a brand new rally.

Martinez says the bull flag suggests ONDO might be focusing on $3.40, which might signify a 141% improve.

Image
Supply: Ali Martinez/X

ONDO is buying and selling at $1.41 at time of writing. The Thirty seventh-ranked crypto asset by market cap is up greater than 6% up to now 24 hours.

The crypto analyst additionally says that historic developments associated to Bitcoin (BTC) halvings counsel a bear market might start between Might and October of this yr. A Bitcoin halving is a extremely anticipated occasion that slashes BTC miner rewards in half.

Martinez additionally notes almost $5 billion in BTC income have been realized on Thursday alone.

Image
Supply: Ali Martinez/X

BTC is buying and selling at $104,947 at time of writing. The highest-ranked crypto asset by market cap is up by greater than 1% up to now 24 hours.

Martinez additionally notes that crypto whales offered greater than 180 million of Cardano (ADA) over the previous week.

Image
Supply: Ali Martinez/X

The Ethereum (ETH) rival is buying and selling at $0.973 at time of writing.

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Tags: AltcoinAnalystChartCryptoHeresOutlookPatternPrimedRallyRWAFocusedSuggests
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