As broader market sentiment improves and trading activity gains momentum, Real World Assets (RWAs) altcoins are also witnessing a rally.
Notable real-world asset tokens, including Maple (MPL), Clearpool (CPOOL), Parcl (PRCL), Chintai (CHEX), and LABS Group (LABS), have demonstrated significant growth in recent weeks and are among the top coins to watch in November.
Maple (MPL)
MPL, the native token of the decentralized lending platform Maple Finance, has witnessed a 39% price growth over the past 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.
MPL’s rally over the past seven days has caused its price to cross above its 20-day exponential moving average (EMA) and its 50-day small moving average (SMA). The 20-day EMA tracks the asset’s average price over the past 20 trading days, while its 50-day SMA measures its average price over the past 50 trading days.
When an asset’s price crosses above the 20-day EMA, it suggests a short-term bullish sentiment, potentially signaling that buyers are entering the market, and momentum may continue upward.
Maple Price Analysis. Source: TradingView
A cross above the 50-day SMA indicates the potential start of a medium-term uptrend, as this crossing suggests sustained buying interest. If this buying pressure persists, MPL’s price will climb to $30, a high last reached in March.
However, an uptick in profit-taking will cause the altcoin’s price to plummet toward $19.73, where major support lies. If this level fails to hold, MPL’s value will drop further to $17.30.
Clearpool (CPOOL)
Clearpool is a decentralized capital market platform that connects institutional borrowers with decentralized finance (DeFi) lenders. It is powered by its CPOOL token, whose value has skyrocketed by 32% in the last seven days, making it another RWA token to pay attention to in November.
As of this writing, CPOOL’s Aroon Up Line is 100%, confirming the strength of its current uptrend. The Aroon indicator measures the strength and direction of a trend. When the Aroon Up Line reaches 100%, it suggests that bullish sentiment is dominant, with buyers pushing the price higher and achieving a peak within the most recent period.
Clearpool Price Analysis. Source: TradingView
If CPOOL’s uptrend strengthens, its price could rise to $0.25, the most critical barrier between its current value of $0.22 and the yearly high of $0.37. A successful break above this barrier would set it on track to approach this price peak.
Parcl (PRCL)
Parcl is a decentralized real estate trading platform. Its native token has recorded a 28% price growth in the past seven days. The growing demand for the altcoin is reflected in its rising Relative Strength Index (RSI), which tracks market conditions to identify whether an asset is overbought or oversold.
At press time, PRCL’s RSI is in an uptrend at 60.13. This RSI reading indicates strong buying activity and suggests the potential for an extended rally.
If the demand for the altcoin is sustained, it will attempt a break above $0.31, a high it last reached in June. Should buying pressure remain, PRCL will continue its rally toward $0.46, where critical resistance lies.
Parcl Price Analysis. Source: TradingView
However, this bullish projection will be invalidated if bearish sentiment grows. If selling pressure gains momentum, PRCL’s price will fall to its all-time low of $0.11.
Chintai (CHEX)
CHEX, the utility token of the Chintai Network, is currently trading at $0.30, marking a 22% increase over the past month. Moving average convergence/divergence (MACD) readings suggest the potential for an extended price rally, with CHEX’s MACD line (blue) positioned above its signal line (orange).
The MACD is an indicator that tracks an asset’s price trends and momentum, identifying possible buy or sell signals. When the MACD line crosses and holds above the signal line, it’s considered a bullish signal, indicating that recent price momentum is stronger than in the past — often seen as a buy signal for traders.
Chintai Price Analysis. Source: TradingView
If buying pressure strengthens and the uptrend continues, CHEX may attempt to retest its year-to-date high of $0.42. However, renewed bearish sentiment could push the price down to a key support level around $0.14.
LABS Group (LABS)
LABS Group, powered by its LABS token, fractionalizes real estate assets into digital shares, making it a notable RWA token to watch in November.
The token has surged 14% over the past week, with its Balance of Power (BoP) indicator currently at 0.48, reflecting a bullish bias. The BoP measures the relative strength of buyers against sellers, with positive values indicating buyer control in the market.
LABS Price Analysis. Source: TradingView
If buying momentum holds, LABS could climb to $0.00028, a level last seen in July. However, reduced token accumulation may drive the price down toward the support level of $0.000075.