Summary

  • Reserve Rights determined to regain US$0.015 support after appreciating 35% in December; failure to maintain US$0.013 could trigger a correction to US$0.010

  • Hedera eyes breakout above $0.392; failure to hold $0.250 support could plunge price to $0.182

  • Clearpool and Polyhedra Network eye crucial resistance levels, Ondo struggles to maintain $1.24 support amid sluggish growth.

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    Real world asset (RWA) altcoins saw significant growth during December despite the overall crypto market experiencing a decline at the end of the month. Several RWA tokens have proven to be resilient and maintain their upward trend, highlighting their potential for continued performance.

    To that end, BeInCrypto has analyzed the following 5 leading RWA tokens and their prospects for January 2025.

    Reserve Rights $RSR

    RSR recorded a 35% rally during December despite a sharp correction in the second half of the month. This rally was the altcoin's highest level throughout 2024, reflecting strong momentum before the correction. Investors remain optimistic about the potential recovery of the RWA altcoin in the coming weeks.

    Currently trading at $0.013, RSR is still well below its 2024 high of $0.027. The immediate target for the altcoin is to reclaim the $0.015 support level. This achievement could signal a continuation of its uptrend over the next four weeks, of course supported by the rise in investor interest.

    However, a breakdown of the $0.013 support would threaten the bullish outlook for RSR. A move down to $0.010 or lower could undo recent gains, highlighting the need for stability to maintain momentum. Market conditions will largely determine the direction of the altcoin.

    Ivy $HBAR

    HBAR caught the attention of investors in December thanks to a massive 56% gain, despite spending most of the month in a consolidation phase. Currently trading at $0.266, the altcoin has managed to attract significant interest, showing strong potential amidst rising market interest.

    The asset is attempting to break out of the consolidation range between $0.392 and $0.250. To achieve this, HBAR needs broader market conditions to support its move towards $0.476. Such a breakout would strengthen its bullish momentum and potentially fuel further rallies.

    However, if HBAR loses the critical support level at $0.250, there is a risk of a drop to $0.182. Such a decline would invalidate the bullish outlook and signal increasing selling pressure. Thus, such a scenario emphasizes the importance of maintaining key levels to maintain market confidence.

    Clearpool ($CPOOL)

    CPOOL has surged 57% in the past month, attracting significant investor attention despite its relatively small market cap. The altcoin’s incredible growth has made it one of the leading players in the market today, attracting interest from both retail and institutional investors.

    Currently trading at $0.40, CPOOL is struggling to break through the critical resistance at $0.53. If it manages to break through this barrier, the altcoin could target a price of $0.60 or higher, signaling a continuation of its bullish momentum.

    However, continued volatility could drag CPOOL price down to $0.37 or lower. A further drop to $0.28 would negate the bullish outlook presented, highlighting the importance of maintaining stability to avoid a decline in investor confidence. Market conditions will play a crucial role in determining the direction of the token’s movement.

    Ondo ($ONDO)

    ONDO has shown the least growth among the RWA tokens, gaining only 7% in the past four weeks. Currently trading at $1.31, the altcoin remains under the spotlight as investors assess its potential for recovery amidst sluggish momentum.

    The token is still holding above the $1.24 support level, and is looking to turn $1.48 into a support floor. Reaching this milestone is crucial for ONDO to recover recent losses and attempt to reclaim the $2.00 level, signaling a stronger bullish path.

    However, continued bearish sentiment could see ONDO plunge below $1.24, triggering a drop to $1.07. Such a move would immediately invalidate the bullish outlook, highlighting the importance of maintaining key support levels to maintain investor confidence.

    Polyhedra Network ($ZKJ)

    ZKJ enjoyed a strong December with a surge of 38%, reaching $2.02 at the time of publication. This impressive increase reflects the increasing market interest in the altcoin, making it one of the top performers in the crypto market.

    Currently, ZKJ is consolidating between $2.06 and $1.93. The target is to turn the $2.06 level into support to maintain the uptrend. Continued support from investors and favorable market conditions will be crucial to maintain the momentum of this altcoin and push it higher.

    However, if ZKJ falls below the $1.93 support level, the altcoin is at risk of falling to $1.67. Such a downtrend would immediately invalidate the bullish outlook. Thus, it emphasizes the importance of maintaining critical support levels in order to maintain its positive trajectory.#BNBBhutanReserves