The cryptocurrency market is experiencing a notable shift towards Real World Assets (RWAs), a rising category of tokenized assets aimed at streamlining trading and investment activities. Alongside the surge in AI altcoins, RWAs are attracting attention as a unique investment avenue. This piece delves into the performance of three key projects in this domain.

AVAX Price Update

Avalanche (AVAX) has observed a price dip, falling to a seven-month low similar to levels seen in December 2023. Priced at $28.48, AVAX remains above the critical support level of $27.72. The Relative Strength Index (RSI), utilized in technical analysis to assess price movement dynamics, indicates an upward trend. Exiting an oversold zone, AVAX is on track to potentially close above $31, marking a bullish trend upon regaining crucial support and RSI aligning with the neutral line.

Chainlink Performance Overview

Chainlink (LINK) has successfully held its vital support level, in contrast to AVAX's situation. Rebounding from $12.9, LINK has strengthened its support base, signaling a positive outlook. The RSI's proximity to the bullish zone above the neutral line further bolsters this positive trend. With Chainlink's dominance in the Oracle sector, a swift recovery appears likely, targeting a price of $16.5 amidst minor bearish market signals.

Maker's Recovery Trajectory

MakerDAO's native token, Maker (MKR), is displaying signs of a robust recovery. After hitting a multi-month low in June and testing support at $2,200, MKR has surged to $2,457. Bullish sentiments are evident from RSI data, with the neutral line acting as a support level. If MKR surpasses the resistance at $2,693, it is expected to climb towards the $3,000 - $3,159 range by the end of July.

Insights and Forecast

• AVAX aims to surpass $31 to affirm a bullish path.
• LINK's resilience at $12.9 suggests a potential climb to $16.5 soon.
• MKR targets a breakthrough past $2,693, anticipating a rise to $3,159 before July concludes.

As the cryptocurrency market embraces a diverse range of assets, investors are faced with fresh opportunities and complexities. The growing interest in RWAs underscores a broader trend towards diverse investment options in the crypto landscape.