Ondo

Value

Billion

<ul class="wp-block-list">
 <li>ONDO stabilizes between $0.66 and $0.84, indicating a potential price breakout soon.&nbsp;&nbsp;</li>  
 <li>On-chain metrics show increased whale activity and a new all-time high in TVL.&nbsp;&nbsp;</li>  
 <li>Market sentiment is crucial as traders watch key support and resistance levels closely.&nbsp;&nbsp;</li> 
</ul>  
<p>As of writing, <a href="https://cryptonewsland.com/ondo-breaks-falling-wedge-holds-key-support/" target="_blank" rel="noopener noreferrer nofollow">Ondo (ONDO)</a> is trading between $0.66 and $0.84, showing signs of stabilization. According to experts, this consolidation hints at a potential breakout. With support at $0.58 and resistance at $0.88, traders watch closely.&nbsp;</p>  
<p>Recently, the price of ONDO dipped nearly 4.9%, contrasting sharply with a notable 19.1% increase over the last month. Meanwhile, ONDO Finance has surpassed just $2.2 Billion in the Tokenized Treasuries Market, as the post below highlights.</p>  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  https://twitter.com/MyCooLinvests/status/1843670584095306212?t=vxSvetk70CY2_nb-x7lsrA&amp;s=19
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</figure>  
<h2 class="wp-block-heading" id="h-technical-indicators-suggest-a-neutral-trend">Technical Indicators Suggest a Neutral Trend</h2>  
<p>The 10-day moving average stands around $0.75, while the 100-day average sits slightly lower at $0.71. These figures suggest a neutral trend, leaving investors in suspense. The Relative Strength Index (RSI) at 46 and the Stochastic level at 30.83 reveal that <a href="https://ondo.finance/" target="_blank" rel="noopener noreferrer nofollow">ONDO</a> is neither overbought or oversold.&nbsp;</p>  
<p>This balance hints that a significant move could happen soon. If the price breaks through the $0.88 resistance level, traders might target $1.04. On the flip side, a dip below $0.58 could lead to a drop to the next support at $0.43. Market sentiment remains crucial during this delicate balancing act.</p>  
<h2 class="wp-block-heading" id="h-on-chain-metrics-paint-a-bullish-picture-nbsp">On-Chain Metrics Paint a Bullish Picture&nbsp;</h2>  
<p><a href="https://app.intotheblock.com/coin/ONDO" target="_blank" rel="noopener noreferrer nofollow">On-chain metrics for ONDO</a> paint a promising picture. The Total Value Locked (TVL) surged from $537.13 million at the end of August to an impressive $618.32 million by September 22.&nbsp;</p>  
<p>This growth set a new all-time high and signaled increased activity within the Ondo ecosystem. Additionally, whale activity in the Ondo ecosystem has significantly increased.</p>  
<p>Santiment’s Supply Distribution metric reveals that <a href="https://cryptonewsland.com/analyst-spots-whale-accumulation-on-xrp-says-ondo-finance-and-intelmarkets-intl-are-next-in-line-for-gains/" target="_blank" rel="noopener noreferrer nofollow">whales have been accumulating ONDO</a> lately. According to experts, increasing whale activity often signals strong confidence in an underlying asset.</p>  
<p>Despite these encouraging signs however, daily active addresses for Ondo remain low. This decline signals dwindling demand, which may temper expectations for a quick price surge.</p> 
<p>The post <a href="https://cryptonewsland.com/ondo-stabilizes-traders-anticipate-break-out/" rel="noopener noreferrer nofollow">Traders Anticipate Significant Price Upswing as ONDO Stabilizes: Another ATH Coming?</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Traders Anticipate Significant Price Upswing as ONDO Stabilizes: Another ATH Coming?

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