- ONDO holds steady despite market volatility, down only 0.46% over the past week.
- Whale Activity: A large investor deposited 5.76M ONDO into Coinbase, securing a $2.9M profit.
- Bullish Setup: ONDO maintains key support levels, signaling a potential breakout.
Ondo (ONDO) is demonstrating strong resilience despite heightened market volatility triggered by Bitcoin’s rapid price fluctuations. While the broader crypto market experiences turbulence, ONDO has remained relatively stable, indicating potential for future upward momentum.
ONDO Price Performance
Over the past week, ONDO has surged slightly by 1.46%, showcasing its ability to hold steady in uncertain conditions. Currently, the price of Ondo Finance (ONDO) stands at $1.344681, with a 24-hour trading volume of $714.89 million, a market cap of $1.87 billion. Over the last 24 hours, ONDO’s price has declined by 3.91%, reflecting short-term market adjustments.
Despite its recent downturn, ONDO remains significantly below its all-time high of $2.14, recorded on December 16, 2024, a 37.67% decrease from that peak. Additionally, ONDO’s 24-hour trading volume marking a 7.60% decline from the previous day, signaling a slight drop in trading activity.
Whale Activity Sparks Interest
Recent data from Onchain Lens, reveals significant whale activity surrounding ONDO. A whale deposited 5,767,174 ONDO tokens, valued at approximately $8.02 million, into Coinbase, securing a profit of $2.9 million. This whale initially accumulated these tokens for $5.12 million over the past year, highlighting a strategic long-term investment approach.
ONDO’s Bullish Market Structure
According to crypto expert Alex Clay, ONDO’s price structure remains bullish despite short-term corrections. The pattern suggests a classic falling wedge accumulation, followed by a breakout rally, a correction phase, and an anticipated resumption of the uptrend.
Clay emphasized ONDO’s ability to sustain its position above key support levels, reinforcing the likelihood of further upside. “I like how $ONDO kept it above the Key Zone, So this consolidation will lead to more upside ,” Clay noted.
With strong resilience in the face of market volatility, strategic whale accumulation, and a bullish technical setup, ONDO appears poised for potential gains. Investors are closely watching whether the token can capitalize on its stability and continue its upward trajectory in the coming weeks.