Real-World Asset Altcoins
Altcoin Sherpa, a renowned crypto analyst, predicts that altcoins tied to real-world assets (RWAs) remain promising. Mantra (OM), an Ethereum-based token focused on RWA tokenization, is expected to dip before resuming growth. Fibonacci retracement levels suggest support at $0.60 or $0.50.
Bitcoin’s Technical Analysis
Sherpa observes that Bitcoin’s 200-day exponential moving average (EMA) on the four-hour chart has consistently provided support. He recommends “bidding” at this level, noting that it has been a reliable buy zone since February.
Current Market Conditions
At the time of writing, OM trades at $0.674, up over 1,054% year-to-date. Bitcoin trades at $65,827.
Disclaimer
The views expressed in this article are not investment advice. Conduct thorough research before investing in high-risk assets like Bitcoin or cryptocurrencies.
