Ondo

Token

Finance Token

Gains

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/ondo-finance-token-gains-significant-popularity-in-crypto-market/" data-wpel-link="internal">Ondo Finance Token Gains Significant Popularity in Crypto Market</a><br></p>
<p style="text-align: justify">Ondo Finance token, over the past 11 days, has seen a remarkable 75% increase, emerging as the most trending token in the <a href="https://en.coin-turk.com/bitcoin-price-update-whats-the-latest-status/" data-wpel-link="internal">cryptocurrency </a><a href="https://finance.coin-turk.com/" data-wpel-link="exclude">market</a>. Defying the current market uncertainty, ONDO executed a high-momentum rally and reached a new peak of $1.3 today. Will this recovery extend, or will the slow price movement in the confirmation phase lead to a new correction?</p> 
<h2 id="eth-etf-effects-on-ondo">ETH ETF Effects on ONDO</h2> 
<p style="text-align: justify">Since late March 2024, ONDO has largely traded sideways, oscillating between two horizontal levels of $1.042 and $0.69. The altcoin rebounded from support/resistance several times. This indicated the market’s uncertainty and narrow range formation. However, ONDO gained momentum amid the broader market recovery in mid-May and witnessed more aggressive buying pressure on Ethereum with the US SEC’s approval of the spot ETH ETF.</p> 
<p style="text-align: justify">On May 23, the ONDO price showed a decisive breakout from the general resistance of $1.042, signaling the continuation of the current uptrend. With an intraday gain of 4%, this altcoin is currently trading at $1.28 and shows no signs of weakness yet.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-355959 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/05/santiment-6.jpg" alt="" width="1206" height="663"></p> 
<h2 id="critical-report-from-santiment">Critical Report from Santiment</h2> 
<p style="text-align: justify">According to a recent analysis by the cryptocurrency analytics firm Santiment, the recent interest and increase in ONDO’s value are highlighted by significant network growth and increased trader activities. Santiment’s <a href="https://newslinker.co/category/ai/" target="_blank" rel="noopener" data-wpel-link="exclude">data</a> revealed a significant increase in the number of non-empty ONDO wallets. On February 26, 5,110 non-empty wallets held ONDO.</p> 
<p style="text-align: justify">As of May 26, this number rose to 33,225, marking an impressive 550% increase in just three months. This rapid growth in wallet numbers underscores the growing interest and adoption of the ONDO token within the cryptocurrency community. As the altcoin enters price discovery mode, the traditional pivot level indicates potential general resistance at $1.31 and then $1.55.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/ondo-finance-token-gains-significant-popularity-in-crypto-market/" data-wpel-link="internal">Ondo Finance Token Gains Significant Popularity in Crypto Market</a></h5>

Ondo Finance Token Gains Significant Popularity in Crypto Market

Table of Contents

COINTURK NEWS

Other articles published on May 26, 2024

Kaspa Killer BlockDAG’s X1 App Is the Ultimate Crypto Mining Machine; Stuns Top Crypto Analysts A...

MoonBag Presale: Best Presale Of 2024 Up Above The Clouds, As Dogeverse & Vechain Have Blurry Hor...

BEVM Unveils Groundbreaking Taproot Consensus for Decentralized Bitcoin Layer 2 Solution

Galatasaray Secures Championship and Boosts Fan Token Interest

Analyst Foresees Bitcoin’s $100k Target

Shiba Inu (SHIB) Rally Stalls: Details

Join our free newsletter for daily crypto updates!