Will the 11th month RWA track explode? Analyst: These 5 coins are worth following, could they outperform the market?

In the current trend of tokenization, the total market capitalization of Tokenized Real-World Assets (RWA) has exceeded $13 billion. At the same time, large asset management companies such as Franklin and BlackRock are continuously moving towards on-chain development.

Image source: RWA.xyz tokenization assets (RWA) total scale

In fact, as early as April 2021, Franklin issued the on-chain US Treasury Fund '$FOBXX' through the Stellar blockchain; and BlackRock also tokenized the US Treasury Fund '$BUIDL' through Ethereum issuance in March this year. It is worth noting that the market share of $BUIDL surpassed $FOBXX in just two months after issuance, firmly occupying the position of the leader in the tokenization US Treasury market. These moves by traditional Financial Institutions indicate that they are quite confident in the application value of RWAs, so RWA is likely to be one of the most promising races in the Decentralized Finance zone.

"BeInCrypto" analyst pointed out that five RWA Tokens may have a better performance than the overall market in November, and provided short-term support and resistance analysis. This article is for reference only and should not be used as investment advice.

Maple Finance（$MPL）

Maple Finance ($MPL) is currently priced at $24.85, a 39% increase in the past week, breaking through the 20-day moving average (EMA20) and the 50-day moving average (MA50), which may indicate that long positions are entering the market and continuing the rise trend. The recent price support for $MPL is at $19.73. If selling pressure increases, it may continue to climb to the high point of $30 in March of this year. Conversely, if it falls below the support level, it may further decline to $17.30.

Image source: 'BeInCrypto' $MPL PA

Clearpool ($CPOOL)

Clearpool ($CPOOL) is currently priced at $0.2266, rising 32% in the past week, pushing its Aroon Up Line to 100%, indicating a bullish sentiment dominating the market. If buying pressure strengthens, $CPOOL may pump to the key resistance level of $0.25, with a successful breakthrough potentially further climbing to the year's high of $0.37.

Image source: 'BeInCrypto' $CPOOL PA

Parcl（$PRCL）

$PRCL is currently priced at $0.2587, up 28% over the past week, as reflected in the Relative Strength Index (RSI). The RSI of $PRCL is 60.13, indicating strong buying pressure. If it continues to increase, $PRCL could reach its high point in June of $0.31 or even further rise to the key resistance level of $0.64. On the other hand, if selling pressure increases, $PRCL may drop to its all-time low (ATL) of $0.11.

Image source: 'BeInCrypto' $PRCL PA

Chintai ($CHEX)

$CHEX is currently priced at $0.3020, up 22% in the past week, keeping its MACD fast line far from the slow line after the golden cross. If buying pressure increases, $CHEX may retest the high point of $0.42 this year; otherwise, if it fails to sustain the bullish sentiment, it may fall to the key support level of $0.14.

Image source: "BeInCrypto" $CHEX PA

LABS Group（$LABS）

$LABS is now priced at 0.0001052 US dollars, up 14% from the past week, with a Balance of Power (BoP) of 0.48, reflecting a bullish trend. If the trend continues, $LABS may rise to 0.00028 US dollars; however, if selling pressure increases, it may fall to 0.000075 US dollars.

Image source: "BeInCrypto" $LABS PA

【Disclaimer】The market is risky, and investment should be cautious. This article does not constitute investment advice, and users should consider whether any opinions, views, or conclusions in this article are suitable for their specific situation. Invest at your own risk.