RWA Tokens to watch this November

Real World Assets (RWAs) altcoins are witnessing a rally as broad market sentiment improves and trading activity picks up.

Real-world asset tokens including Maple (MPL), Clearpool (CPOOL), Parcl (PRCL), Chintai (CHEX) and LABS Group (LABS) have seen significant growth in recent weeks and are among the top coins to watch. In November.

Maple (MPL)

MPL, the native token of decentralized lending platform Maple Finance, saw a 39% price increase last week, making it one of the key RWA-based altcoins to watch in November. As of this writing, MPL is trading at $24.85, its highest since April.

The MPL rally has seen the price cross above the 20-day moving average (EMA) and 50-day moving average (SMA) over the past seven days. The 20-day EMA tracks the average price of the asset over the last 20 trading days, while the 50-day SMA measures the average price over the last 50 trading days.

When the price of the asset crosses above the 20-day EMA, it indicates short-term bullishness, which may indicate that buyers are entering the market, and the momentum may continue to the upside.

Read more: Real World Asset (RWA) Backed Tokens Explained

A cross above the 50-day SMA indicates the possibility of medium-term bullishness, as this cross indicates sustained buying interest. If this buying pressure continues, the price of MPL will rise to $30, the peak reached in March.

However, an increase in profit-taking will cause the altcoin's price to drop to $19.73. If this level fails to hold, MPL's price will drop further to $17.30.

Clearpool (CPOOL)

Clearpool is a decentralized capital markets platform that connects institutional borrowers with decentralized finance (DeFi) lenders. It is powered by the CPOOL token, whose value has increased by 32% in the last seven days, making it another RWA token worth paying attention to in November.

As of this writing, CPOOL Aaron's upline is 100%, confirming his current strength of progress. Aaron's indicator measures the strength and direction of a trend. When the Aaron's Up line reaches 100%, it indicates that bullish sentiment is dominant, with buyers pushing the price higher to near-term highs.

If CPOOL's growth strengthens, the price may rise to $0.25, which is the most critical barrier between the current price of $0.22 and the yearly high of $0.37. A successful break above this barrier would put it on track to approach this price peak.

Parcl (PRCL)

Parcl is a decentralized real estate trading platform. Generation Token has recorded a 28% price increase in the last seven days. The rising interest in the altcoin is reflected in the rising relative strength index (RSI), which tracks market conditions to identify whether the asset is overbought or oversold.

At press time, PRCL's RSI is higher at 60.13. This RSI reading indicates strong buying activity and suggests the possibility of an extended rally.

If the demand for the altcoin continues, it will try to break above $0.31, the peak reached in June. If buying pressure continues, PRCL will continue its rally towards $0.46 where critical resistance is located.

However, this prediction of bullying is negated if depression is elevated. If pressure selling increases, the price of PRCL will drop to an all-time low of $0.11.

China (CHEX)

CHEX Chintai Network's utility token is currently trading at $0.30, up 22% over the past month. Average Convergence/Divergence (MACD) readings indicate that the CHEX MACD line (blue) is above the signal line (orange) with a possible price rally.

MACD is an indicator that tracks asset price trends and momentum by identifying buy or sell signals. When the MACD line crosses and holds above the signal line, it is considered a bullish signal, indicating that the recent price advance is stronger than the previous one – often seen as a buy signal for traders.

If buying pressure intensifies and the rally continues, CHEX may try to retest the $0.42 year-to-date high. However, renewed bearish sentiment could push the price towards a key support level around $0.14.

LABS Group (LABS)

The LABS team, powered by the LABS token, will fractionalize real estate assets into digital shares, making it a popular RWA token to watch in November.

The token is up 14% in the past week, with its Balance of Power (BoP) indicator currently at 0.48, indicating a bullish bias. BoP measures the relative strength of buyers over sellers, with positive values ​​indicating buyer control in the market.

Read more: How to invest in real-world crypto assets (RWA)?

If buying momentum continues, LABS could rise to $0.00028, a level seen in late July. However, reduced token reserves may push the price towards the $0.000075 support level.