Title - Top 3 RWA Tokens Poised for a Surge in 2024

Date: 2023-11-14 Author: Dima Zakharov Categories: BLOCKCHAIN
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PENDLE Breaks Long-Term Resistance
The Pendle Finance project introduces the tokenization of future income, empowering traders to expand their trading opportunities. Last week, the native PENDLE token surged above the critical resistance zone of $1.05, which had persisted for over 800 days. The weekly Relative Strength Index (RSI) supports continued growth, with the indicator surpassing 50 and rebounding from the bearish divergence trendline, typically preceding an upward movement.

If PENDLE maintains its upward trajectory, the next resistance is anticipated at $2.07, representing a 90% increase from the current price and aligning with the 1.61 Fibonacci level. Despite bullish predictions, a week's closure below the horizontal resistance area of $1 would invalidate the breakthrough, potentially leading PENDLE to a 50% drop to the support zone at $0.55.

DUSK Overcomes Upper Range Boundary
Since March 2022, DUSK has traded within the range of $0.10 to $0.30, consistently confirming these boundaries. In February 2023, the asset struggled to breach the $0.30 mark, descending below the descending resistance line and returning to the $0.10 support area.

In November 2023, the altcoin initiated an upward movement, rebounding from the trendline and reaching a peak of $0.19. The weekly RSI supports further growth as the indicator recently crossed the 50 mark. If DUSK breaks above the $0.20 region, it could target the next resistance at $0.30. However, a failed attempt may lead to a retest of the $0.10 support area.

CFG Poised for a 260% Surge
CFG's price has been on the rise since the beginning of the year. Last week, it decisively surpassed the resistance zone at $0.40, present since April 2022. The initial resistance area lies at $0.70. If the altcoin sustains its upward momentum, a potential 260% surge could take it to the next resistance at $2.
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