Crypto Projects Ondo, Hedera, Avalanche Face Volatility Amid RWA-DeFi Convergence

In the rapidly evolving crypto landscape, the convergence of real-world assets (RWA) and decentralized finance (DeFi) is creating new opportunities for significant gains. Three prominent projects—Ondo (ONDO), Hedera (HBAR), and Avalanche (AVAX)—are at the forefront of this trend, attracting investor attention as the summer season progresses.

Ondo has experienced a modest decline of 2.37% over the past month, with a more substantial drop of 50.77% over the half-year period. The price action has been volatile, reflecting cautious sentiment and uncertainty among traders. Currently, Ondo is trading between $0.6986 and $1.0497, with resistance at $1.2678 and support at $0.5656. The low RSI of 41.60 indicates bearish short-term momentum, suggesting that traders should monitor support levels for potential buying opportunities and be cautious of selling pressure near resistance levels.

Hedera has also faced significant challenges, with a one-month decline of 4.08% and a six-month drop of 40.04%. The coin's price has fluctuated between $0.14 and $0.21, indicating strong selling pressure. Hedera is currently trading within a range of $0.14 to $0.21, with support at $0.12 and resistance at $0.25 and $0.32. The RSI of 40.48 suggests that the market is nearing oversold conditions, and traders may consider buying near the $0.12 support if momentum changes or look to short if the price fails to breach $0.25.

Avalanche has shown a modest recovery with a 4.31% price increase over the past month, but the last six months have seen a significant decline of 59.50%. The coin is currently trading within a range of $17.66 to $25.39, with key resistance levels at $29.97 and $37.70, and support at $14.51 and $6.78. Technical indicators suggest a mixed sentiment, with a slight bearish dominance. Traders should monitor volume for shifts in momentum and employ stop-loss measures to navigate the uncertain market conditions.

The convergence of RWA and DeFi is expected to drive demand and offer high returns for these coins. According to analysts' forecasts, ONDO, HBAR, and AVAX could see substantial growth before the end of summer. Observing the changes in this space could be crucial for spotting upcoming opportunities and capitalizing on the potential 3× gains predicted by analysts.