Leading projects in the Real World Asset (RWA) tokenization sector advanced sharply, fueled by sector growth and major industry developments. Quant (QNT) rose more than 40% in the past 24 hours, while Ondo and Chainlink (LINK) climbed 32% and 12%, respectively. Market analysts are turning their focus to forecasts and key technical levels for these tokens.
Quant jumps as UK banks trial tokenized deposits
Quant, a blockchain interoperability project, saw its token rebound from $55.48 in August to reach $104.30 today. This rally followed news that UK banks, including Lloyds, Barclays, Monzo, and HSBC UK, executed their first tokenized deposits using Quant’s technology under the Great British Tokenized Deposit (GBTD) initiative.
As the move marked a milestone for digital asset infrastructure within traditional finance, Quant’s daily price chart showed the QNT token breaking above the key resistance point of $84.71. That level was last topped on May 16 this year. The token is nearing a golden cross pattern, often viewed as a bullish technical indicator when the 50-day and 200-day moving averages draw closer together.
Despite the bullish trend, technical indicators suggest caution. The Relative Strength Index (RSI) has reached 80, signaling the token is highly overbought. If a pullback occurs, the next key support lies at $84.70. A retest of this level, if sustained, could confirm a break-and-retest pattern, often interpreted as a bullish continuation signal by traders.
Quant’s latest surge coincided with the adoption of tokenized deposit technology by major UK banks, using Quant’s blockchain infrastructure to process the country’s first tokenized deposit transactions.
Mini dictionary: Golden cross, a bullish technical signal that occurs when a short-term moving average, usually 50-day, crosses above a long-term moving average, such as the 200-day average, indicating potential upward momentum in an asset’s price.
| Token | 24h Change | Recent Low | Current High | Resistance Level |
|---|---|---|---|---|
| Quant (QNT) | +40% | $55.48 (Aug) | $104.30 | $84.71 |
| Ondo | +32% | Not stated | Above $0.4843 | $0.4843 |
| Chainlink (LINK) | +12% | $7.15 | Above $10.26 | $10.26 |
Chainlink supported by rising demand for tokenized assets
Chainlink, the largest oracle network in decentralized finance, also rebounded significantly from a low of $7.15 over the past few months. The increase tracks ongoing momentum in tokenized asset demand, with Chainlink’s infrastructure positioned at the center of data transfer in smart contracts.
Technical analysis shows the LINK token has formed a golden cross, after the 50-day moving average overtook the 200-day moving average. The price recently retested $10.26—its highest since May 10. Analysts indicate continued upside, with the next major target at $15 and longer-term potential to reach $20 if bullish momentum persists.
Market observers pointed to Chainlink’s technical setup, including the recent golden cross and support retest, as reasons to expect continued upside following the current rally in the tokenization sector.
Ondo rallies after SEC innovation exemption and BlackRock partnership
Ondo token posted substantial gains this month, especially after the Securities and Exchange Commission (SEC) granted tokenization an innovation exemption. The project’s recent partnership with BlackRock, the world’s largest asset manager, further boosted investor sentiment.
Ondo’s price climbed above major resistance at $0.4843, first reached on May 9. Moving above this level reinforced a bullish outlook, indicating advancing momentum. Analysts note that the Average Directional Index (ADX), a measure of trend strength, is rising.
Mini dictionary: Ondo, a protocol for tokenizing real-world assets, enables institutional-grade digital assets by creating liquid, blockchain-based financial products closely tied to traditional market instruments.
However, the token’s strong rally left it in an overbought position, suggesting that a short-term correction could occur before any further gains.
