Ondo technical levels and whale movements give a possible signal in the short term. However, the market is still in the consolidation process.
Whale Movements Determines the Future of Ondo Price
A large whale recently invested 5.7 million ondo in Coinbase, making a profit of $ 2.9 million. This investor had attracted $ 5.12 million ondo last year, and the value of these assets has now reached $ 8.02 million.
This big price change creates question marks as to whether Ondo will rise. Is this whale movement a harbinger of a wider trend in the market, or is it just a short -term fluctuation?
Onddo Technical Traffic Analysis: Is the breakdown close?
Ondo continues to be consolidated in a symmetrical triangle. Such formations often indicate the possibility of a strong break or decrease. Currently, the price is fluctuating between the $ 1.23 support level and the resistance level of $ 1.58. Ondo, which was traded for $ 1.34 as of the moment, experienced a 0.16 %decrease in the last 24 hours.
The relative power index (RSI) is 48.89 and has a neutral appearance. This shows that the price is not in the area of over -purchase or over -selling. If the token can break the resistance of $1.58, it can reach new peaks. However, if it fails, a downward movement can be expected. The monitoring of these critical levels will be important in the coming days.
What does On-Chain Data show?
According to the latest in -chain data, 85.63 %of Onddo owners are currently in profit. In contrast, 2.87 %of the damage and 11.50 %part is head -to -head.
These data show that current price levels offer strong support. If Ondo can maintain these levels, the receiver may continue to interest. However, a possible change in market sensitivity may put pressure on the price, especially if it goes below critical support levels.
Liquidation Map: Where are the critical levels?
The liquidation map in the last 24 hours indicates that significant liquations occur at $ 1.34 and $ 1.35. These levels may serve as a strong support or resistance depending on the direction of movement of the price.
If Ondo goes below these levels, the liquidation wave can be triggered and the decline may gain speed. Ondo Finance established a strategic partnership with World Liberty Financial (WLFI) to advance the tokens of real world assets.
Thanks to this cooperation, ond’s tokenized assets will be integrated into the WLFI network. Thus, the state treasury reserves and traditional financial assets will be adopted through the block chain. Ondo Finance CEO Nathan Allman made the following statement about this development:
“We are very excited to work with World Liberty Financial to present the advantages of the tokens of real world assets to their platforms and users.”
This partnership can create new opportunities for investors and increase the adoption of the token.
What’s next?
Considering whale movements, technical levels and strategic partnerships, it can be said that Ondo has the potential to rise.
However, in order to happen, the price must exceed critical resistance levels and maintain this acceleration. Although the existing indicators indicate that there is a high probability of rise, market dynamics should be closely monitored.
