As we reported at Kriptokoin.com , the crypto market is positive. Investors are showing special interest in RWA-based tokens among the altcoins to keep an eye on in November. 5 altcoins gained significant momentum during this period. Here are 5 altcoin that analysts expect to rise in November.
Top Altcoin on the List: Maple (MPL)
MPL, the native token of Maple Finance, attracted attention with a 39 percent increase last week. The token is currently trading at $24.85. This level stands out as the highest point the token has reached since April. In recent days, the price has broken above the 20-day exponential moving average (EMA) and the 50-day simple moving average (SMA), sending positive signals to investors .
Breaking above these averages would be a sign of a short- to medium-term rally. If the current buying pressure continues, MPL is expected to reach $30. However, if profit-taking comes into play, the altcoin price will pull back to $19.73.
Clearpool (CPOOL)
Clearpool operates as a decentralized capital markets platform. Also, the CPOOL token attracted attention by showing a 32 percent increase in the last week. The Aroon indicator indicates that CPOOL is in a strong uptrend. However, the current price of the altcoin project is at $ 0.22.
If this uptrend continues, the CPOOL price will test the critical resistance level at $0.25, and if it breaks this level, it will accelerate to the yearly high of $0.37.
Altcoin 3rd on the List: Parcl (PRCL)
Parcl is a platform focused on decentralized real estate trading, and its native token, PRCL, has attracted investor interest, gaining 28% in the last seven days. The increasing demand for PRCL has been supported by the rise in its Relative Strength Index (RSI) value. The RSI level is currently at 60.13.
If buying demand continues, PRCL price will attempt to break above $0.31. If it stays above this level, it will reach the resistance level of $0.46. However, increasing selling pressure will pull the price back to $0.11.
Chintai (CHEX)
Chintai Network’s token CHEX has surged 22 percent to $0.30 in the past month. The MACD indicator also suggests that CHEX’s uptrend could continue. However, when the MACD line is above the signal line, it is generally considered a bullish signal by traders for the altcoin.
If this bullish momentum holds, CHEX will target a yearly high of $0.42, but there is also a risk that the price could pull back to $0.14 if market sentiment reverses .
Last Altcoin on the List: LABS Group (LABS)
LABS Group is among the RWA tokens that attracted attention in November as a platform that converts real estate assets into digital stocks . The LABS token, which has gained 14 percent in value in the last week, gives hope to investors. The Balance of Power (BoP) indicator is at 0.48, which shows that buyers are strong.
If this strong buying demand continues, the price of the LABS token will also rise.
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