A chart sample suggests one altcoin working on the real-world property (RWA) crypto sector seems to be 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 undertaking 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 symbolize a 141% enhance.
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% prior to now 24 hours.
The crypto analyst additionally says that historic tendencies associated to Bitcoin (BTC) halvings recommend a bear market might start between Could and October of this 12 months. A Bitcoin halving is a extremely anticipated occasion that slashes BTC miner rewards in half.
Martinez additionally notes practically $5 billion in BTC income had been realized on Thursday alone.
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% prior to now 24 hours.
Martinez additionally notes that crypto whales offered greater than 180 million of Cardano (ADA) over the previous week.
The Ethereum (ETH) rival is buying and selling at $0.973 at time of writing.
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