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Bittime - In the midst of a small correction that hit the cryptocurrency market, ONDO coin performed brilliantly with a continuous bullish trend. In the last 24 hours, the majority of coins saw a decrease in value, reflecting a -2.17% change in total market capitalization.
However, ONDO managed to go against the flow, recording a fantastic increase of close to 20% in recent times.
Also read: What is Ondo (ONDO)?
ONDO's Brilliant Performance
Bitcoin, the market leader, saw a decline of nearly 1.5%, dragging down the overall market. Trading volume also declined, indicating investor caution. Nonetheless, ONDO is currently trading around $0.50, with a market cap of over $645 million and 24-hour trading volume exceeding $232 million.
Also Read How To Buy Crypto:
Current Prices of Ondo (ONDO).
ONDO's price journey is not always smooth. According to the Bittime.com market, at the time this article was written (04/03/2024) the price of the ONDO/IDR pair was at IDR 7,944 and had increased by +6.60% in the last 24 hours. ONDO's resilience can also be seen in the movement in the last 1 day and 12 hours where there was an increase of +19.03%.
Attempts to break the $0.50 barrier briefly encountered resistance. However, the coin showed resilience, consistently testing the $0.47 resistance level after briefly dropping below $0.40.
Technical indicators such as RSI and moving averages show bullish signals, indicating ONDO's continued upward momentum.
Also Read : Understanding Support and Resistance: The Key to Successful Crypto Asset Trading
Innovation Sparks Optimism
Ondo Finance recently announced Ondo Global Markets, an innovative solution that tokenizes US Treasuries. This approach bridges the gap between traditional finance and DeFi, sparking excitement in the crypto community.
Nathan Allman, CEO of Ondo Finance, believes this initiative has the potential to significantly improve the on-chain financial system. This move positions ONDO as a potential leader in the ever-evolving DeFi landscape.
Also Read Ondo Finance (ONDO) Price Prediction, Will It Rise? Check out the analysis here
What Will Happen to ONDO?
The current price movement shows a consolidation phase between $0.417 and $0.47. However, a potential breakout above $0.50 is predicted to occur. If successful, ONDO could advance towards the $0.60 price range, marking an important milestone for the coin.
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Conclusion
In the midst of market correction, ONDO continues to show extraordinary performance with a strong bullish trend.
How to Buy Ondo (ONDO) on Bittime
You can buy and sell Ondo (ONDO) in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
Ondo (ONDO) is available on Bittime with the ONDO/IDR market pair . To be able to buy ONDO IDR at Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn the complete guide on how to buy Ondo (ONDO) on Bittime .
Monitor the price chart movements of Ondo (ONDO), Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Read Also
What is Ondo Finance (ONDO)? Asset Tokenization and Risk Diversification Platform
Ondo Finance COO Claims Profit-Producing Stablecoins Have Potential for Market Domination
Total Transaction Volume Redeems 1 Billion USD, This is the Prediction of ONDO Tokens in the Future
DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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