Will $ONDO Price Mark a New ATH? #Ondo Finance is one of the leading tokenizations of Real World Assets (#RWA), which is leading the cryptos with over 20% gains. The major reason behind the surge is the token achieving a major milestone, which sheds light on the rising investor confidence. In a recent update, ONDO’s total value locked (TVL) has reached an all-time high of over $1 billion, making an extraordinary rise from the lows of around $185 million. This showcases the rapid growth within the RWA space, as the ONDO price is also flashing massive #bullish signals.
As seen in the chart here, the ONDO price is trading within a descending parallel channel and is trying hard to reach the resistance. Meanwhile, the technicals have turned bullish as the DMI is about to undergo a bullish crossover. Besides, the RSI is maintaining a strong ascending trajectory. Meanwhile, the bearish divergence in the ADX raises some concerns, suggesting a drop in the pace of the rally. Therefore, the ONDO price is believed to test the resistance but may fail to surpass it as the volume remains within a restricted range. However, if the volume increases, then the ONDO price may trigger a breakout and may probably form a new ATH above $2.
Will $ONDO Price Mark a New ATH?
#Ondo Finance is one of the leading tokenizations of Real World Assets (#RWA), which is leading the cryptos with over 20% gains. The major reason behind the surge is the token achieving a major milestone, which sheds light on the rising investor confidence. In a recent update, ONDO’s total value locked (TVL) has reached an all-time high of over $1 billion, making an extraordinary rise from the lows of around $185 million. This showcases the rapid growth within the RWA space, as the ONDO price is also flashing massive #bullish signals.
As seen in the chart here, the ONDO price is trading within a descending parallel channel and is trying hard to reach the resistance. Meanwhile, the technicals have turned bullish as the DMI is about to undergo a bullish crossover. Besides, the RSI is maintaining a strong ascending trajectory. Meanwhile, the bearish divergence in the ADX raises some concerns, suggesting a drop in the pace of the rally. Therefore, the ONDO price is believed to test the resistance but may fail to surpass it as the volume remains within a restricted range. However, if the volume increases, then the ONDO price may trigger a breakout and may probably form a new ATH above $2.
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