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RWA Tokens Draw Fresh Bull Calls as ONDO, ALGO and INJ Break Out

RWA Tokens Draw Fresh Bull Calls as ONDO, ALGO and INJ Break Out

Crypto analyst Ali Martinez has flagged three real-world asset tokens he expects to post substantial gains in the coming days. The call lands as the RWA niche clears a market cap north of $53 billion, and as two of the three names — Ondo and Injective — sit on freshly confirmed chart breakouts.

Martinez isn't alone on Ondo. Several market observers have published bullish targets for the token this week, and the setups he describes are technical rather than narrative-driven.

Ondo clears a nine-month pattern

ONDO has broken out of a cup-and-handle formation that's been building since January, with the token now trading around $0.50. The neckline near $0.46 was retested and held as support, which is the part that matters — a failed retest would have invalidated the whole structure.

If that level keeps holding, the measured move from the pattern points to $0.90, close to double the neckline price. That's the base case Martinez is working from, not a ceiling.

Other analysts have gone further out on the limb. FOUR | Crypto Spaces suggested an uptrend is in play if ONDO holds support, builds a base and reclaims $1.15. MikybullCrypto skipped the intermediate steps entirely and put an $8 target on the table.

Worth keeping in perspective: an $8 print would imply a valuation several times Ondo's current one, so treat that as the outer edge of what's being discussed rather than the consensus.

Algorand's 12% day comes with a warning label

ALGO is one of the top-performing cryptocurrencies today, October 12, up 12% and trading just shy of $0.13. It's been consolidating inside a channel capped near $0.14, and a daily close above that mark could confirm a breakout toward $0.19.

The catch is momentum. ALGO's Relative Strength Index has pushed past 70, the threshold that conventionally signals an asset has risen too quickly and may be due for a pullback. A breakout on a stretched RSI isn't doomed — it just means buyers need to keep showing up rather than letting the move fade into the channel again.

Injective retests $7 after breakout

INJ has also broken out of a cup-and-handle pattern, followed by a retest of the neckline near $7. If buyers defend that level, the pattern projects a move toward $17 — roughly 140% above the neckline.

Sjuul | AltCryptoGems called INJ a 'gem' people shouldn't sleep on. WIZZ made the more interesting observation: the token's latest price trajectory has mimicked its 2024 move, which was later followed by a huge rally. That's pattern-matching, not a guarantee, but it's the kind of thing traders keep an eye on.

Why RWA, why now

The common thread is that all three tokens sit in the real-world assets sector, which now carries a market cap above $53 billion. That's large enough to attract attention and small enough that individual breakouts can still move the needle.

The next concrete checkpoint is whether ONDO holds $0.46, ALGO closes a daily candle above $0.14, and INJ defends $7. Those three levels decide whether this week's calls look prescient or premature.