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 Martinez, also known as Ali Charts, three RWA altcoins may see substantial price gains in the coming days: Ondo (ONDO), Algorand (ALGO), and Injective (INJ).
Martinez pointed to ONDO first, noting that the token appears to have broken out of a cup-and-handle pattern that has been forming since January. The token currently trades around $0.50, and Martinez observed a retest of the neckline near $0.46. 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 have also issued optimistic predictions on ONDO, including 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 that “ONDO is giving you the last chance before the train leaves. $8 bull target incoming.”
For Algorand (ALGO), Martinez maintained that the coin still needs to clear resistance. He suggested 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. ALGO is among the top-performing cryptocurrencies on October 12, up 12% and trading just south of $0.13. However, its Relative Strength Index has surged past 70, suggesting the valuation has risen too quickly and could be due for a correction.
Martinez concluded with Injective (INJ), claiming that it has broken out of a cup-and-handle pattern and retested its neckline near $7. “If buyers defend that level, the pattern projects a move toward $17, roughly 140% above the neckline,” he added. Other traders have also backed INJ, with Sjuul | AltCryptoGems calling it a “gem” people shouldn’t sleep on, while WIZZ noted that the asset’s latest price trajectory has mimicked its 2024 move, which was later followed by a huge rally.
Meanwhile, broader altcoin market capitalization excluding the top 10 cryptocurrencies recovered to $242.26 billion on October 12, gaining $1.56 billion, or 0.65%, on the latest candle. Trading volume stood at $12.28 billion, while the Relative Strength Index reached 62.64 against its moving average of 51.42. The MACD line stood at $813.51 million, above the signal line at negative $527.7 million, with a positive histogram of $1.34 billion. Resistance sits around $245 billion–$250 billion, followed by $255 billion, while support lies near $235 billion–$238 billion, with another zone around $224 billion–$226 billion.
