RWA Altcoin Looks Ready to Explode 141% as Bitcoin Halving Points to Possible Bear Market, Top Analyst Says

The trader Ali Martinez tells his 118,700 followers on the social media platform X that the RWA project Ondo Finance (ONDO) “appears to be breaking out of a bull flag.”

A popular analyst says one altcoin in the real-world assets (RWA) crypto sector is showing signs of being primed for an upside burst.

The trader known as Ali Martinez tells his 118,700 followers on the social media platform X that the RWA project Ondo Finance (ONDO) “appears to be breaking out of a bull flag.”

A bull flag is usually considered a bullish chart pattern that suggests an asset is consolidating before continuing a rally.

According to Martinez, the bull flag suggests ONDO is targeting the $3.40 price level, which would mark a 141% increase from its current price.

ONDO is trading at $1.41 at the time of writing. The 37th-ranked crypto asset by market cap is up over 6% in the past 24 hours.

The crypto analyst also says that historical trends related to Bitcoin (BTC) halvings indicate a bear market could begin between May and October of this year. A Bitcoin halving is a major event that slashes BTC miner rewards in half.

Additionally, Martinez notes that nearly $5 billion in BTC profits were realized on Thursday alone.

BTC is trading at $104,947 at the time of writing. The top-ranked crypto asset by market cap is up by over 1% in the past 24 hours.

Finally, Martinez notes that crypto whales sold more than 180 million of Cardano (ADA) in the past week.

The Ethereum (ETH) rival is trading at $0.973 at the time of writing.