A graphic model suggests that an Altcoin operating real assets (RWA) on the cryptographic sector seems ready for an upward burst, according to a popular analyst.
The merchant Ali Martinez told his 118,700 subscribers on the X social media platform that the Rwa Ondo Finance (Ondo) project seems to come out of a bull flag “.
A bull flag is generally considered to be a bullish pattern, suggesting that an asset is consolidated before starting on a new gathering.
Martinez says that the Taurus flag suggests that Ondo could target $ 3.40, which would be an increase of 141%.
Ondo is negotiated at $ 1.41 at the time of the editorial staff. The cryptographic asset classified 37th by market capitalization is up more than 6% in the last 24 hours.
The Crypto analyst also indicates that historical trends linked to Bitcoin (BTC) halvings suggest that a lower market could start between May and October this year. Half Bitcoin is a highly anticipated event which rewards the BTC rewards half.
Martinez also notes that nearly $ 5 billion in BTC profits were made on Thursday only.
BTC is traded at $ 104,947 at the time of the editorial staff. The cryptographic assets best classified by market capitalization is up more than 1% in the last 24 hours.
Martinez also notes that cryptocurrencies sold more than 180 million cardano (ADA) during last week.
The rival Ethereum (ETH) is negotiated at $ 0.973 at the time of the editorial staff.
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