Analyst Names Three RWA Altcoins With Breakout Targets

• ONDO retested its $0.46 cup-and-handle neckline, with Ali Charts projecting a potential $0.90 target if support holds.
• Algorand needs a daily close above $0.14 resistance to confirm a breakout toward $0.19, while INJ must defend $7 to target $17.
• Altcoin market capitalization excluding the top 10 cryptocurrencies rose to $242.26 billion, with RSI at 62.64 signaling improving momentum.

Analyst Ali Charts has identified ONDO, Algorand (ALGO), and Injective (INJ) as three real-world asset (RWA) altcoins to watch this week. His analysis highlights breakout levels and price targets for each token, including ONDO’s $0.46 neckline retest, ALGO’s $0.14 resistance, and INJ’s $7 support test. Meanwhile, broader altcoin market capitalization has recovered to $242.26 billion.

ONDO and INJ Retest Breakout Patterns

According to Ali Charts, ONDO appears to have broken out of a cup-and-handle pattern that began forming in January. The token has since retested its neckline near $0.46, which held as support.

https://twitter.com/alicharts/status/2109366724185489575?s=20

If that level continues to hold, the pattern projects a target of $0.90, nearly double the neckline price. Injective has also broken out of a cup-and-handle pattern and retested its neckline near $7.

Ali Charts said buyers need to defend that level for INJ’s projected $17 target to come into play. That target sits roughly 140% above the neckline, according to his analysis.

Algorand Needs to Clear $0.14 Resistance

Unlike ONDO and INJ, Algorand still needs to break above resistance. Ali Charts said ALGO continues to consolidate inside a channel capped near $0.14.

A daily close above that ceiling could confirm a breakout toward $0.19. The analyst highlighted two retests and one resistance breakout as the main price levels to watch this week.

Altcoin Market Cap Recovers Above $242 Billion

The four-hour market-cap chart excluding the top 10 cryptocurrencies shows a recovery from approximately 224 billion–226 billion on October 8–9. On October 12, the market cap reached $242.26 billion, gaining $1.56 billion, or 0.65%, on the latest candle.

Source: TradingView

Trading volume stood at $12.28 billion, while the Relative Strength Index reached 62.64 against its moving average of 51.42. The MACD line stood at $813.51 million, above the signal line at negative $527.7 million, with a positive histogram of $1.34 billion.

Resistance sits around 245 billion–250 billion, followed by $255 billion. Support lies near 235 billion–238 billion, with another zone around 224 billion–226 billion.