ONDO Token Analysis and Commentary

In the intense competitive environment between meme coins and AI-focused tokens in the crypto market, the emergence of RWA tokens came to the fore with BlackRock’s entry into the sector. In this context, while the ONDO token suddenly gained value, the effects of this volatility on the market have begun to be evaluated. Price Changes of ONDO Despite the rapid increase in value, ONDO could not surpass the psychological resistance level of $1. ONDO, which reached a record level of $0.9934 on March 26, subsequently dropped to $0.906 with a 10% decrease and traded at $0.8637 at the time of writing this article. While the uptrend in the market continues, investors are expecting the $1 mark to be reached soon. If ONDO breaks above $1, it is anticipated that the price could increase further. However, investors should also pay attention to the stagnation in the Total Value Locked (TVL) figures […]

ONDO Token Analysis and Commentary

In the intense competitive environment between meme coins and AI-focused tokens in the crypto market, the emergence of RWA tokens came to the fore with BlackRock’s entry into the sector. In this context, while the ONDO token suddenly gained value, the effects of this volatility on the market have begun to be evaluated.

Price Changes of ONDO

Despite the rapid increase in value, ONDO could not surpass the psychological resistance level of $1. ONDO, which reached a record level of $0.9934 on March 26, subsequently dropped to $0.906 with a 10% decrease and traded at $0.8637 at the time of writing this article.

While the uptrend in the market continues, investors are expecting the $1 mark to be reached soon. If ONDO breaks above $1, it is anticipated that the price could increase further. However, investors should also pay attention to the stagnation in the Total Value Locked (TVL) figures of Ondo Finance.

Technical Indicators for ONDO

It is noted that the uptrend continues in ONDO, but the On-Balance Volume (OBV) indicator has not reached previous resistance levels, indicating that the selling volume is not stronger than the buying volume.

The RSI indicator maintains a strong upward momentum, staying above the 60 level. According to Fibonacci extension levels, $1.1 and $1.27 could be the next resistance points. However, if a decrease occurs within a 6-hour time frame, the price could fall below $0.68.

ONDO’s MVRV ratio showed a decline before BlackRock’s announcement, but after that, it followed a positive trend parallel to the increase in profitable investors. The Weighted Sensitivity indicator and Ag Growth are other positive signals indicating an upward trend.

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