Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • CASINO
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • CASINO
Crypto Flexs
Home»ALTCOIN NEWS»ONDO is struggling to reach $2. Why $1.20 is the key level now
ALTCOIN NEWS

ONDO is struggling to reach $2. Why $1.20 is the key level now

By Crypto FlexsMay 27, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
ONDO is struggling to reach .  Why .20 is the key level now
Share
Facebook Twitter LinkedIn Pinterest Email
  • The price of ONDO has fallen by more than 7% in the last 24 hours.
  • Most indicators suggested continued price declines.

temperature It has recently created a lot of buzz as it recorded a huge price increase. The bullish rally has sparked speculation among investors that ONDO could reach $2 in the coming days.

However, there has been a downward trend in the last 24 hours, which has pushed the token price down.

Demand for ONDO is surging

Santiment recently posted: Twitter We highlight the fact that ONDO has been trending for quite some time. The main reason could be that the price rose by 75% in just 11 days.

While the token was showing strength, investors took advantage of the opportunity to secure ONDO.

Santiment’s tweet noted that there were just over 5,000 non-empty wallets for the token on February 26th.

However, as buying pressure increased, the number of non-empty wallets for the token reached 33,225, an increase of over 550%.

AMBCrypto’s analysis shows that buying pressure for the token remains high. Exchange Outflows have surged over the past week.

Over the past few days, exchange supply has decreased dramatically, while off-exchange supply has increased. This also indicates high buying pressure.

Additionally, the supply held by top addresses also increased slightly compared to last week.

Buying pressure on ONDO was high.

Source: Santiment

Is ONDO’s bull market over?

Meanwhile, famous cryptocurrency analyst Crypto Patel Posted Analysis suggests that the price of ONDO could exceed $2 in the next few days. But the token hit a roadblock.

According to CoinMarketCap, the token price has fallen by more than 7% in the last 24 hours alone. At the time of this writing, the token was trading at $1.20, with a market capitalization of over $1.66 billion.

While the token price fell, the NVT rate rose sharply. A rising indicator means the asset is overvalued.

This indicates that ONDO’s price downward action may continue further, which could limit it from reaching $2 any time soon.

Another bearish indicator was the MVRV rate, which fell after a spike on May 25th.

Source: Santiment


Realistic or not, the following is Market capitalization of ONDO based on ETH


Analysis of the token’s daily chart suggests that if the price decline continues, the token could plummet to $1.14. From there, ONDO will have a chance to rebound.

If it falls below that, the price could go as low as $0.97. However, if the trend changes again and the ONDO chart turns green, a break above the $1.24 resistance level will be needed to sustain the rally.

Source: TradingView

Next: Michael Saylor: Ethereum ETF ‘Might Be Better for Bitcoin’, Here’s Why

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

XRP struggles for $ 3: Do Whale Offroads attract it lower?

August 7, 2025

Tethers we target the Stablecoin market and quote the path of genius behavior.

July 31, 2025

Crypto EXEC is not the end of the rally.

July 24, 2025
Add A Comment

Comments are closed.

Recent Posts

Re -creation attack in ERC -721 -Ackee Blockchain

August 8, 2025

The New Bybit Web3 Is Here–Fueling On-Chain Thrills With $200,000 Up For Grabs

August 8, 2025

Stella (XLM) Eye 35% Rally and Ripple and SEC END 5 years legal battle

August 8, 2025

Builders Are Proving What’s Possible With CARV’s AI Stack

August 8, 2025

Caldera Announces Partnership With EigenCloud To Integrate EigenDA V2

August 7, 2025

Are Monero in danger? Five orphan blocks were found during the Cubic Mining War.

August 7, 2025

One Card To Seamlessly Bridge Web3 Assets And Real-World Spending

August 7, 2025

Coinbase’s USDC fee, encryption or other banks?

August 7, 2025

Protocol Update 001 -scale L1

August 7, 2025

As you challenge the mixed technology signal, OnDo Price Hovers challenges the August Bullish predictions.

August 7, 2025

XRP struggles for $ 3: Do Whale Offroads attract it lower?

August 7, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Re -creation attack in ERC -721 -Ackee Blockchain

August 8, 2025

The New Bybit Web3 Is Here–Fueling On-Chain Thrills With $200,000 Up For Grabs

August 8, 2025

Stella (XLM) Eye 35% Rally and Ripple and SEC END 5 years legal battle

August 8, 2025
Most Popular

Cardano and XRP short selling activity could act as ‘rocket fuel’ for the rally. chant

June 21, 2024

BNB Chain Collaborates with Web3 Industry Leaders to Accelerate AI and Web3 Development in 2024

January 18, 2024

What awaits the Ethereum ecosystem in 2025?

January 27, 2025
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.