Analyst Ali Charts has identified ONDO, Algorand (GO) and Injective (INJ) as three real-world asset (RWA) altcoins to watch this week, outlining breakout levels and price targets for each token. In an analysis shared on X, the analyst highlighted ONDO's retest of its $0.46 cup-and-handle neckline, ALGO's test of $0.14 resistance and INJ's defense of $7 support as the key setups to monitor. The review comes as the broader altcoin market capitalization, excluding the top 10 cryptocurrencies, recovered to $242.26 billion. RWA tokens are generally associated with bringing traditional assets such as treasuries, funds and commodities onto blockchains, a corner of the market that has drawn increasing institutional experimentation in recent years.

ONDO and Injective Retest Breakout Patterns

According to Ali Charts, ONDO appears to have broken out of a cup-and-handle pattern that began forming in January. In classical charting, the formation describes an asset rounding out a prolonged base, tracing a shallow pullback and then clearing the resistance line capping the pattern — the neckline — with targets typically projected from the depth of the cup. ONDO has since retested its neckline near $0.46, which held as support, a behavior chartists often read as former resistance flipping into support. If that level continues to hold, the pattern projects a target of $0.90, nearly double the neckline price.

Injective has followed a similar path, breaking out of a cup-and-handle pattern and retesting 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 Must Clear $0.14 Resistance

Unlike ONDO and INJ, Algorand has yet to break above resistance. Ali Charts said ALGO continues to consolidate inside a channel capped near $0.14, and the setup will only be confirmed by a daily close above that ceiling, which would open a path toward $0.19. Daily closes are a common confirmation tool because they filter intraday moves that fade before the session ends. The full chart is visible on TradingView.

Altcoin Market Cap Recovers Above $242 Billion

Beyond the individual token setups, the broader altcoin market has also rebounded in recent sessions. The four-hour market-cap chart excluding the top 10 cryptocurrencies — a measure often consulted to gauge whether capital is reaching smaller-cap assets — shows a recovery from approximately $224 billion to $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. Trading volume stood at $12.28 billion.

The Relative Strength Index reached 62.64 against its moving average of 51.42, signaling improving momentum. 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 to $250 billion, followed by $255 billion. Support lies near $235 billion to $238 billion, with another zone around $224 billion to $226 billion.

All three setups remain conditional on the cited levels holding or being cleared, according to the analyst's charts — pattern targets are projections drawn from the formations themselves, and the cited levels stand as the reference points to track in upcoming sessions.