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Ondo

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/ondo-price-surges-to-all-time-high/" data-wpel-link="internal">ONDO Price Surges to All-Time High</a><br></p>
<p style="text-align: justify">Ondo (ONDO) price experiences significant movement, reaching its ATH after a bullish period in the last 24 hours. During the price rally, ONDO saw an increase of over 10% and ranked 2nd on CoinMarketCap’s top gainers list of the last 24 hours.</p> 
<h2 style="text-align: justify" id="what-is-the-ondo-price">What is the ONDO Price?</h2> 
<p style="text-align: justify"><strong>ONDO</strong> started to rise after finding support at its lowest level of $1.22 in the last 24 hours. The price rally aligns with the price increase seen in the last 30 days. On the other hand, the price rose over 74% from its low level of $0.7369.</p> 
<p style="text-align: justify">As of the time of writing, ONDO continues to trade at its all-time high. This level indicates a 10.46% increase from the support level, trading at $1.40687. The increase marks a 1520% rise from the all-time low seen about 4 months ago on January 18.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-358498" src="https://coin-turk.com/wp-content/uploads/2024/06/ondousdt.png" alt="" width="2433" height="1145"></p> 
<p style="text-align: justify">Meanwhile, the price increase also boosted the market cap and 24-hour trading volume. The market cap rose by 9.50% to $1.9 billion, while the 24-hour trading volume increased by 23.15% to surpass $280 million.</p> 
<h2 style="text-align: justify" id="ondo-comments">ONDO Comments</h2> 
<p style="text-align: justify">The <a href="https://newslinker.co/category/ai/" target="_blank" rel="noopener" data-wpel-link="exclude">data analysis</a> of derivatives related to the ONDO price rally continues to reflect ONDO’s upward trend. ONDO’s derivative market volume increased by 9.47% to $377.47 million. Additionally, open interest (OI) increased by 10.26% to $250.07 million.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-358499" src="https://coin-turk.com/wp-content/uploads/2024/06/ondo-usdt-1-coin-turk-com.png" alt="" width="870" height="374"></p> 
<p style="text-align: justify">In the ONDOUSD price chart, the Bollinger bands expanded, indicating increased volatility. The middle and lower bands of the Bollinger bands are located at $1.40, $1.04, and $0.68838, respectively.</p> 
<p style="text-align: justify">The candles on the charts contributing to the positive market outlook continue to trade near the upper Bollinger band, which is positioned above the middle band (20-day SMA) and supported by a continuous upward price movement.</p> 
<p style="text-align: justify">Meanwhile, ONDO’s Relative Strength Index (RSI) is at 74, indicating an overbought region. Therefore, <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a> who may want to take profits due to ONDO being overbought could start selling, potentially triggering a price drop and consolidation.</p> 
<p style="text-align: justify">Despite the overbought appearance in the market, the Chaikin Money Flow (CMF) – which shows the liquidity entering the market through ONDO – remains in the positive region with a value of 0.19, indicating that money is still entering the market. This can also be interpreted as continued buying.</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-price-surges-to-all-time-high/" data-wpel-link="internal">ONDO Price Surges to All-Time High</a></h5>

ONDO Price Surges to All-Time High

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