The Fall of RWA Cryptos and Rebound Opportunities

The cryptocurrency market continued its downward trend after the late 2024 rallies. Bitcoin (BTC) hit a low of $76,624 on March 11. While Ethereum (ETH) lost over 12.60% in a week, dropping from its December peak at $4,106 to $1,760. This exerted significant downward pressure on altcoins.

Five major RWA (Real-World Assets) cryptos, including Chainlink (LINK) and Ondo (ONDO), dropped to critical support levels during the market correction. While OM by Mantra remains resilient and upward-moving, ALGO plunged by 18% over the last week, and SEI surged by 5%.

1. Mantra (OM) : Potential Bullish Rebound After Support Retest

Mantra (OM) is a DeFi platform focusing on staking, lending, and decentralized governance, providing users with a secure and high-performance ecosystem.

On the daily chart of Mantra (OM), the price dropped by 2.33% today and tested the 50-day Moving Average (50 MA) support at $6.2673 (represented by the green rectangle). It also tested the uptrend line, which typically provides support below. However, OM’s price showed strength and is currently trading at $6.2.

Looking at historical price movements, similar tests of the 50 MA support (represented by purple circles) were followed by strong rebounds leading to significant gains. If this scenario repeats, OM’s price could retest its all-time high of $9.15 with potential consolidation thereafter.

2. Chainlink (LINK) : A Bullish Trend to Resume

Chainlink is the leader in decentralized oracles, enabling smart contracts to securely access real-world data.

The LINK token is currently going through a complex technical phase, with contradictory signals on weekly and daily charts.

On the weekly chart, the overall trend remains bullish as long as the November 2024 low is not breached. The $12 zone serves as strong support, triggering several bullish reactions already.

Last week, a hammer candle formed, nearly reaching the 50-week Moving Average and surpassing the $17 pivot. These elements suggest a potential bullish recovery, targeting a reclamation of the $22 zone and beyond.

However, on the daily data, LINK is still in a bearish trend. While selling pressure is easing, price dynamics do not yet confirm a bullish reversal.

A major low was set on March 10 at $12.65. Bullish reconstruction must occur above this level; otherwise, the support identified in green could come under pressure.

3. Ondo Finance (ONDO) : Among the Cryptos to Watch

Ondo Finance emerges as a key player in Real-World Asset (RWA) tokenization, bridging traditional finance and blockchain.

Its token ONDO is currently undergoing a corrective phase after hitting highs. Currently, the price is around $0.83, below the 20-day Exponential Moving Average (EMA) at $1.03, indicating short-term selling pressure.

The technical indicators are mixed: the Relative Strength Index (RSI) at 37.55 reflects a neutral situation, while the Commodity Channel Index (CCI) at -109.06 suggests a possible rebound. Despite this consolidation, interest in ONDO remains high, with a 390% increase in new addresses on March 11, indicating an influx of investors.

If the bearish pressure persists, ONDO must defend its key support before considering a recovery. A return above the $1 level and a breakout of the $1.20 resistance could confirm a bullish reversal. Traders are also watching the $1.50 to $1.80 zone in case of further upward movement.

4. Algorand (ALGO) : Key Support Could Trigger a Rebound

Algorand is a fast and scalable blockchain designed to provide decentralized solutions with secure and low-cost transactions.

Despite the market downturn and the failure to establish a decent rally since then, the Algorand price chart shows a strong historical correlation with significant support and resistance levels.

The purple circles indicate critical support retests, with prices bouncing each time these levels are reached. The orange circles are resistance levels. Currently, the price of ALGO is at a crucial support level similar to previous cycles, which could lead to a rebound towards $0.60.

5. Sei (SEI) : Consolidation Before Potential Bullish Rally ?

Sei is a layer 1 blockchain optimized for decentralized trading, offering ultra-fast transactions and advanced interoperability through the Cosmos SDK and IBC protocol.

The current SEI price is $0.1960, with a 5% increase from the previous close. Technically, the Moving Averages for 10, 20, 50, 100, and 200 days indicate a bearish trend, signaling persistent selling pressure.

The oscillators show mixed signals: the 14-day RSI is at 37.65, near oversold territory, which could signal a technical rebound. However, the MACD shows a value of -0.0201, reinforcing a short-term selling signal.

Despite this consolidation, the fundamentals of Sei remain strong. Its expanding ecosystem could attract more investors if the overall market stabilizes.

How and Where to Buy RWA Cryptos ?

RWA cryptocurrencies are available on Bitget, one of the leading crypto exchanges. You can buy them on Spot or trade with leverage on Futures, depending on your strategy. Here’s how to buy RWA cryptos on Bitget securely:

Step 1 : Create a Bitget Account

Visit the official Bitget website, click on “Sign Up”, enter your email and create a secure password. Follow the instructions to complete your registration.

Step 2 : Verify Your Identity (KYC)

To access all features, complete the KYC verification by submitting an ID and a proof of address.

Step 3 : Deposit Funds on Bitget

Go to the “Buy Cryptos” section and choose your deposit method:

• Credit card or bank transfer to buy USDT or USDC (stablecoins) directly.
• Crypto deposit if you already own cryptos: transfer USDT (TRC-20, ERC-20, etc.) to Bitget.

Step 4 : Buy RWA Cryptos on the Spot Market

Go to “Spot Trading”, search for the RWA/USDT pair, select it, and choose your order type :

• Market order → Instant purchase at the current price.
• Limit order → Purchase at a defined price.

Specify the amount of USDT you want to convert, then click “Buy” to confirm your transaction. Validate your transaction, and your RWA cryptos will be credited to your Bitget account.

Rapid Expansion in Real-World Assets (RWA) Despite Uncertain Crypto Market

The Real-World Assets (RWA) sector is witnessing rapid expansion, with numerous projects gaining significant traction on social media. Currently, LINK, OM, ONDO, and ALGO are among the top projects in the RWA sector in terms of social interactions, according to statistics from the Phoenix Group.

With a total market capitalization of $31 billion, representing 1.10% of the total crypto market cap, the RWA industry continues to develop at a steady pace.

Tokenized private credit, with $11.9 billion or approximately 69% of the market, is the largest component. Tokenized U.S. Treasury debt, valued at $3.5 billion, has also grown in popularity.

The top five cryptocurrencies are currently near key support levels, which historically have led to rebounds. This could be a good time for traders to accumulate on the dip. Remember to do your own research (DYOR) before entering the market.