Three Altcoins That Could Surge This Week, Analyst Explains Why
Real‑World Assets (RWA) – A Key Component of the Crypto Ecosystem
The RWA sector has become a cornerstone of crypto, with a market cap exceeding $53 billion.
Breaking news:
What Analyst Ali Martinz Says
Martenz identifies three tokens that could see notable increases in the coming days, outlining potential catalysts for each.
Ondo (ONDO) – First Example
Ondo (ONDO) broke out of a cup‑and‑handle pattern that formed in January. At the time of writing, ONDO trades near $0.50, per CoinGecko data. Martinz noted a return to the neckline around $0.46, which he views as support. „If that support holds, the pattern points to a target of $0.90, almost double the support level,” he added. FOUR Crypto Spaces added a bullish view, saying that if ONDO maintains support, consolidates, and returns to $1.15, a rally could follow. MikybullCrypto was more aggressive, stating: „ONDO gives you one last chance before the exit. We target $8.00.”
Algorand (ALGO) – Second Focus
Algorand (ALGO) is the second cryptocurrency Martinz highlighted. He says the token must „wrap” the resistance at $0.14, which sits in a tight channel near that level. In his view, closing the day above $0.14 would confirm a step toward $0.19. ALGO was one of the best performers on October 12, up 12 % and trading just below $0.13. Its RSI exceeded 70, indicating a rapid price rise that could be vulnerable to a correction.
Martenz concluded with Injective (INJ), noting it „broke” from a cup‑and‑handle pattern and returned to a neckline near $7.00. „If buying pressure stays at this level, the model predicts a move to $17.00, a nearly 140 % increase from support,” he said. AltCryptoGems calls INJ a hidden gem investors should not ignore. WIZZ observed that the token’s price pullback mirrored that of 2024, followed by significant growth.
Injective (INJ) – Final Analysis
Google searches for „Buy Crypto” hit record highs, signaling a potential retail return. An analyst cautions that the altcoin season hasn’t fully opened, even as prices climb. Speculation about a $5,000 Bitcoin ceiling—proposed by former President Trump—could inject substantial capital into Bitcoin and crypto broadly, despite uncertainty.
Broader Market Context and Expectations
The article was written by Dimitar Dzhondzhorov, who became interested in crypto in 2018 during a bear market. His primary focus is Bitcoin, which he has followed since the beginning. He began covering crypto in late 2018 and enjoys football as a hobby. He is active on Twitter, Telegram, YouTube, Facebook, Instagram, and TikTok for constant updates. His newsletter, now over 117,000 subscribers, delivers daily emails that can transform one’s crypto life.
Author and Additional Information
These three altcoins—Ondo, Algorand, and Injective—appear poised for significant gains next week, provided support holds, resistances break, and the described technical formations play out.
More stories: