The RWA sector is killing it today, with XLM, INJ, and ONDO showing renewed momentum after recent pullbacks. Here’s how each stacks up for potential gains in the short term.
Summary
- XLM: Rebounding from local support at $0.36; eyes 27% upside to $0.52 if uptrend continues.
- INJ: Testing 20 EMA at $13.10; 22% potential to $16 breakout level and 90% upside if $25 measured move target is hit.
- ONDO: Bounced from $0.84 support; 30% potential gain to retest $1.20.
The Real World Asset narrative is leading the crypto market today, with RWA tokens showing strong gains across the board. Notably, XLM, INJ, and ONDO—three major RWA plays—have recently completed their pullbacks and are now pushing higher, aiming for the next key resistance levels. Let’s have a look which one is best primed for the biggest gains.
XLM price prediction
Stellar (XLM) price recently staged a parabolic rally from a $0.22 low on June 22 to a $0.52 peak on July 18, marking a 140% gain overall and a 56% gain from the double bottom neckline breakout at $0.33. As expected after such a sharp move, a correction followed, with XLM price briefly dipping to $0.36 level and slipping below the 20-day EMA.
The pullback, however, held above the breakout level ($0.33) of the double bottom, and XLM price has since reclaimed the 20 EMA. Additionally, the bullish EMA 20 / SMA 50 crossover remains intact.
If the uptrend resumes and a new swing high forms from the current price of $0.41, traders are eyeing a potential 27% gain back to the $0.52 peak. On the downside, $0.36 has been confirmed as strong support, backed by an 8% rebound candle on August 3 that signaled solid buying interest at that level.
INJ price prediction
Injective (INJ) recently attempted a breakout from an ascending triangle, briefly spiking to $16.35 on July 28 before losing momentum and pulling back inside the pattern. The price dipped below the 20-day EMA and then the 50-day SMA, but found support at the SMA 50, which helped trigger a rebound. INJ is now trading at $13.10, testing the 20-day EMA once again.
The bullish EMA/SMA crossover remains intact, so INJ price may soon retest the triangle’s ascending trendline. From the current level of $13.10 to the breakout zone around $16.00, traders are eyeing a 22% potential gain. If a confirmed breakout occurs, the measured move points to a target of $25.00, representing a 90% gain from current levels.
ONDO price prediction
Ondo Finance (ONDO) recently attempted a breakout above the double bottom neckline at $1.20 but failed, leading to a sharp drop to $0.84. There, the 50-day SMA provided solid support, helping the price rebound. ONDO is now trading at $0.92, testing the 20-day EMA.
Similar to XLM and INJ, the bullish crossover between the 20 EMA and 50 SMA remains intact. If momentum holds and ONDO retests the $1.20 level, traders could see a 30% potential gain from current levels. However, the failed breakout has invalidated the original double bottom pattern.
