3 Altcoins That Could Pump This Week (Analyst Explains Why)

The real-world assets (RWA) niche has become a key pillar of the cryptocurrency sector, with a market capitalization exceeding $53 billion. According to popular analyst Ali Martinz, three such tokens may see substantial price gains in the coming days. Check out which ones are in question and the potential catalysts. The analyst pointed to Ondo (ONDO) first, which appears to have broken out of a cup-and-handle pattern that has been forming since January. The token currently trades around $0.50 (per CoinGecko), and Martinez noted a retest of the neckline near $0.46, saying that level held as support. “If it continues to hold, the pattern points toward $0.90, nearly double the neckline price,” he added. Other market observers who have recently made optimistic predictions on ONDO include FOUR | Crypto Spaces and MikybullCrypto. The former hinted at a potential uptrend if the asset holds support, builds a base, and reclaims $1.15. The latter was much more bullish, forecasting: “ONDO is giving you the last chance before the train leaves. $8 bull target incoming.” The second RWA token Martinez paid attention to is Algorand (ALGO). He maintained that the coin still needs to clear resistance, suggesting it has consolidated inside a channel capped near $0.14. In his view, a daily close above that mark could confirm a breakout toward $0.19. It is worth noting that ALGO is among the top-performing cryptocurrencies today (October 12), up 12% and trading just south of $0.13. Its Relative Strength Index (RSI), though, has surged past 70, suggesting the valuation has risen too quickly and could be due for a correction. Martinez concluded his analysis with Injective (INJ), claiming that it has broken out of a cup-and-handle pattern, followed by a retest of the neckline near $7. “If buyers defend that level, the pattern projects a move toward $17, roughly 140% above the neckline,” he added. Sjuul | AltCryptoGems also seems in favor of INJ, calling it a “gem” people shouldn’t sleep on. For their part, WIZZ recently noted that the asset’s latest price trajectory has mimicked the move from 2024, which was later followed by a huge rally. The post 3 Altcoins That Could Pump This Week (Analyst Explains Why) appeared first on CryptoPotato.