Does a new wave of rise in the crypto currency market begin? According to popular analyst Ali Martinez, one of the real world assets (RWA) -oriented Altcoin projects is preparing for a strong exit. Technical analysis shows that the price is out of the “Taurus Flag” formation. This may be a harbinger of an important rise, as the analyst points out.
Bull Flag signal in popular rwa altcoin graphics
The bull flag is a model in which the rising trend is experiencing a short time and then a hard output. According to Martinez, Ondo has a 141 %increase potential by exitting this formation. Analyst predicts that if this rise is realized, Ondo can reach $ 3.40.
Currently traded at $ 1.42, Onddo has increased over 1 %in the last 24 hours. This mobility seems to have increased the interest of investors. If the technical analysis is correct, there may be great opportunities for those who enter these levels.
What could happen on the market after Bitcoin halving?
Bitcoin (BTC) market is also having moving days. Based on past data, Martinez predicts that after Bitcoin Halving, the market can enter a bear market between May and October. Halving events have a serious impact on the supply as it causes mining awards to be halved.
On the other hand, on Thursday, only 5 billion dollars of Bitcoin profit was sold. These sales can cause fluctuations in the market. However, Bitcoin is currently trading at $ 104,947 and has experienced an increase of more than 1 %in the last 24 hours.
Island whales are selling! RWA Altcoin rise attracts attention
Cardano (Ada), one of the other major players in the market, also exhibits interesting movements. Martinez says that whales sell 180 million islands in the last week. This can create a short -term sales pressure for the island. The island, which is currently traded at $ 0.973, may have been negatively affected by these sales.
However, investors may prefer to act by considering Cardano’s long -term potential. The crypto market as usual is moving and full of opportunities. Ondo’s rise, Bitcoin’s fate after Halving and whale sales on the island continue to attract investors’ attention. The coming days can be quite critical for the market!
