Real-world asset tokens have continued to bleed through February 2026, with several major RWA tokens to watch sitting over 80% below their recent highs. The sell-off has been broad and unforgiving.

But heading into March, technical reversal signals are beginning to form across multiple charts, supported by declining exchange inflows and steady ETF demand. Here are 3 tokenized asset projects where the setup is starting to shift.​​​​​​​​​​​​​​​​

Stellar (XLM)

Stellar’s real-world asset footprint is growing even as its token struggles. Data from RWA.xyz shows the network’s distributed asset value has climbed to $1.27 billion, up 25% over the past 30 days. On the institutional side, CME Group launched Stellar futures on February 9, 2026. Both standard and micro-sized contracts are now live, giving institutions a regulated on-ramp to XLM for the first time.

Despite that, the XLM price remains under pressure. Stellar is down roughly 40% over the past three months and trades near $0.154. But the charts are starting to tell a different story.

Between December 18 and February 24, XLM printed a lower low while the Relative Strength Index (RSI), a momentum indicator, formed a higher low, a standard bullish divergence. This is a textbook reversal signal, and it has a recent precedent. A similar setup appeared around February 11, after which Stellar rallied approximately 23% before correcting.

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If the current divergence plays out heading into March, the first hurdle sits at $0.164, a level that has flipped between support and resistance multiple times. Clearing it opens the path toward $0.185 (where the last rally stopped) and then $0.210, which aligns with the 0.618 Fibonacci retracement and would mark the first real structural shift in months. A move beyond that puts $0.230 in play.

On the downside, failure to reclaim $0.164 keeps Stellar range-bound. A break below $0.136 invalidates the reversal thesis.

With RWA adoption accelerating and institutional infrastructure now live, Stellar (XLM) stands out as a real-world asset token to watch in March. The fundamentals are building. The divergence suggests the price may be getting ready to catch up.

Chainlink (LINK)

Chainlink continues to lead as oracle infrastructure for the tokenized asset economy, and its spot ETF performance is reinforcing that positioning. While Bitcoin ETFs have suffered through nearly six consecutive weeks of net outflows, Chainlink has not recorded a single red week since its ETFs launched.

That kind of consistency in a risk-off environment is rare across the RWA sector and signals steady institutional-grade demand even as broader crypto sentiment deteriorates.

On the charts, LINK is forming an inverse head and shoulders pattern on the 12-hour timeframe, a structure that carries roughly 35% breakout potential if the neckline breaks.

However, the neckline slopes downward, which means a clean 12-hour break above $9.00 is needed to trigger the move. Chainlink already tested this level between February 19 and 21 while rebounding from the right shoulder, but it failed at $9.00 and pulled back. That rejection makes the neckline even more significant. A confirmed daily close above it would be a strong signal, both technically and in terms of sentiment.

If LINK reclaims $9.00, the breakout path opens toward $11.30, which aligns with the measured move from the pattern. A key resistance could still halt the probable rally at $10.00.

On the downside, losing $8.00 weakens the structure. A decisive break below $7.20 fully invalidates the inverse head and shoulders and shifts the bias bearish.

With on-chain adoption expanding across tokenized securities and cross-chain interoperability, and ETF flows showing no signs of fading, Chainlink remains one of the stronger RWA tokens to watch heading into March. The failed neckline test makes the next attempt critical. If $9.00 breaks, the setup could deliver one of the cleaner moves in the real-world asset space this quarter.

Ondo Finance (ONDO)

Ondo Finance remains one of the largest tokenized asset platforms in the real-world asset sector, with more than $2.5 billion in total value locked. Despite that growth, the ONDO token has not kept pace. Since reaching its all-time high of $2.14 in December 2024, ONDO has declined more than 80% and now trades at $0.25. That disconnect makes it one of the most heavily discounted real-world asset tokens relative to its underlying platform expansion.

A potential shift is now appearing on the technical side. Between January 25 and February 24, ONDO formed a lower low while the Relative Strength Index printed a higher low. This creates a standard bullish divergence, a classic early-reversal signal, the same as XLM discussed earlier.

On-chain data reinforces that signal. Exchange inflows dropped sharply after February 24, falling from 42.91 million ONDO to just 4.54 million. That represents an approximately 89% decline in tokens moving to exchanges, possibly for selling.

When exchange inflows collapse right as a divergence signal forms, it suggests that selling pressure behind the downtrend is fading.

Looking ahead, the first key level sits at $0.26. Holding and breaking above this level would confirm short-term strength and open the path toward $0.30, which has acted as repeated resistance in recent weeks.

A successful reclaim of $0.30 would strengthen the reversal structure and allow for a move toward $0.36. A move to $0.30 would represent roughly 19% upside from current prices.

On the downside, support rests at $0.23. Losing that level would increase the risk of another leg lower toward $0.20. This level remains the most important structural floor. A break below $0.20 would weaken the early reversal thesis and confirm that the longer-term downtrend is still in control.