ONDO crypto is currently holding just above the $1.08 support level, having tested this point three times in the last two weeks. Whales have been selling off large amounts of <a href="https://optimisus.com/press-releases/moonbag-coin-with-its-amazing-apy-sails-past-celestia-and-ondo/" rel="noopener noreferrer nofollow">ONDO</a>, with over $141 million worth sold in a single day.  
However, retail investors are helping to stabilize the price by holding onto their tokens. Retail investors, focused on holding (HODLing) rather than selling, have increased their mid-term holdings, with the percentage of mid-term holders rising from 34% to 72%.  
This shift in investor behavior has helped ONDO stay above the critical support level, leading to a period of price consolidation. Over the last two weeks, ONDO has consistently tested but not fallen below the $1.07 support level. Retail investors' support suggests that <a href="https://optimisus.com/press-releases/blockdags-keynote-2-sparks-buzz-x1-app-boosts-presale-to-46-8-million-as-bnb-resilient-ondo-highlight-crypto-market/" rel="noopener noreferrer nofollow">ONDO's price</a> might remain stable and possibly rebound from this level.  
However, the risk of a price drop persists if whales continue to sell. A further sell-off could push ONDO below the $1.07 support line, leading to a significant decline in its price. If this support is broken, ONDO could fall below $1.00, challenging the current bullish outlook.  
Retail investors' ongoing support is crucial for ONDO's price stability, as their decision to hold rather than sell has prevented a more severe price drop and increased the number of mid-term holders. The dominance of mid-term holders indicates that these investors are willing to hold onto their assets despite short-term market fluctuations. 
The post <a href="https://optimisus.com/news/crypto-news/despite-market-crash-retail-investors-support-helps-keep-ondos-price-stable/" rel="noopener noreferrer nofollow">Despite market crash, retail investors’ support helps keep ONDO’s price stable</a> appeared first on <a href="https://optimisus.com" rel="noopener noreferrer nofollow">Optimisus</a>.

Despite market crash, retail investors’ support helps keep ONDO’s price stable

Optimisus

Ďalšie články zverejnené 5. 7. 2024

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