The real-world asset market has experienced a challenging November. Capital flows have narrowed, and some investors have gone into wait-and-see mode ahead of the Fed's December decisions, while volatility in major tokens has begun to weigh on demand.
But within the sector, the first signs of a turnaround are emerging. Some charts look notably stronger than others and are forming cleaner setups. In December, attention is gradually shifting to three tokens that could lead the category.
Stellar (XLM): a reversal setup is forming, but a key level is ahead
Stellar had a tough November. The token lost almost 19%, reacting to the overall cooling of interest in RWA. However, the last week brought a sharp contrast: XLM began to bounce back after testing payment infrastructure in the USA and increased activity around the stable token AUDD.
The chart has formed a classic hidden bear overload. The price updated the local minimum, while the RSI indicator showed a higher minimum. Such a 'diverging' pattern usually signals that selling pressure is easing, even if it's not yet visible on the candles.
The first signs of recovery are already visible, but the market will not confirm without a daily close above the $0.264 level. This is a key resistance that Stellar has been battling for almost three weeks.
If the level is broken, the $0.275 zone will become the first stop. With improved market sentiment, the next target is $0.324. Below the range is clear: a loss of $0.239 will be a direct signal that the reversal is delayed and recovery will shift closer to January.
Quant (QNT): the strongest RWA token that has already moved ahead
Quant remains the main exception in the sector. While most RWA tokens are stagnant or trying to recover from declines, QNT shows a confident upward trend. In November, the growth exceeded 32%, nearly 37% over the week, and another 12% over the day.
This interest is linked to Quant's role in connecting traditional finance and blockchains. The Overledger technology makes QNT one of the key assets in building infrastructure for data transfer and settlements between public and private networks. When institutional demand rises, QNT usually responds faster than others.
A potential 'golden cross' is forming on the chart: the short-term moving average is about to cross the long-term upward. If the signal is confirmed, buyers will get additional momentum.
The key barrier is $119. Above is the Fibonacci extension, which could open movement to $142. The support zone is clear: $100 is the first line, $91 is the second. A loss of $82 will cancel the entire upward scenario.
But while the structure is upward and stable, Quant remains the strongest player in the RWA group as December approaches.
Ondo (ONDO): early accumulation stage, but risks remain
Ondo is the most ambiguous token of the trio. Over the week, it gained 9%, but over the month it still looks weaker than others: down 25% over 30 days.
Interest in the project was fueled by discussions about the expansion plan for tokenized funds and stocks into Europe. If the direction is confirmed, this story will become an important part of the overall RWA narrative.
This mixture of uncertainty and potential is clearly visible on the chart. The price is moving in the range of $0.50–$0.54, but more importantly — the OBV indicator broke the descending line that had held for almost a month. This is a direct hint that major players have begun to restore their positions.
For the movement to develop, ONDO needs to close above $0.54. Then the path opens to $0.60 and beyond — to $0.70, provided market sentiment improves. But if OBV falls below the broken line again, the scenario will become false. Then a loss of $0.50 could send ONDO into the $0.44 zone, which would increase pressure again.
Currently, Ondo is one of the most balanced setups. If accumulation is confirmed, the token could become an unexpected favorite of December. If not, the range will turn downward.
What’s next for the RWA sector?
The beginning of December is critical: the Fed's decision on the rate, the end of QT, and the increase in liquidity will determine movement across the market. RWA tokens remain one of the few categories where demand is formed from two worlds — traditional finance and blockchain.
Stellar is trying to turn around.
Quant is already trending.
Ondo is accumulating volumes in a sideways movement.
December could be the month when these three tokens show the direction for the entire sector.
#RWA #ONDO #Quant #stellar #Write2Earn
