Recently, the Ondo Prize has shown remarkable resilience with a sharp rebound from $ 0.94 to $ 1.05. This was supported by the increase in trading volumes, whale activity and positive technical indicators, which now make a strong bullish configuration for August.
The Ondo Prize stabilizes after a brief correction
On the table in daily technical finance Ondo, he experienced a solid rally in July, going from $ 0.66 to $ 1.13, but faced a temporary decline at $ 0.94, which was in accordance with the wider sale of the crypto market.
However, the drop to $ 0.94 was quickly bought, the Ondo price bouncing today at $ 1.05 at the time of the editorial staff. This rapid recovery, based on technical and chain measures, refers to a potential continuation of the rally upwards.
That said, the volume with an intraday accountant jumped 40.65%, reaching 209.37 million dollars, and it has good liquidity supported by a Vol / Caps Capitalization ratio 6.29%. These out -of -chain data firmly emphasizes that market participation increases as July approaches its end.
Whales, Volume and TVL Fuel Sensation Haussier
Investor confidence is also visible in the fundamental solids of Ondo Crypto. According to Defillama, the data defil of the project, such as TVL, suggest that the confidence of investors increases, according to Defillama.
The platform also shows that its weekly income has always remained close to $ 1 million since the end of June, highlighting the growing adoption and the use of the protocol.
In parallel, data on the santly chain show a sharp increase in whale activity, with 22 whale transactions greater than $ 1 million recorded on July 27. In support of this, the Metric of the supply distribution of Ondo Crypto indicates the accumulation by major holders in “10 to 100 million Ondo supports”, which suggests that whales are positioned for further.
Derivative data confirm bullish prejudices
An overview of the ONDO financial derivatives market also supports growing bullish prospects.
For example, the interest opened in Ondo Futures has increased to $ 494.52 million, while the volume of derivatives increased by 38.7%, reaching $ 685.29 million.
In addition, the “OI -weighted funding rate” has become increasingly positive, which suggests that long positions dominate.
These measures collectively suggest that the bulls are preparing for another lightness in the Ondo USD price, in particular because the technical levels align with fundamental growth.
The graphic models indicate a major increase in August
According to a technical ventilation of the architect Wyckoff, the Ondo prices table forms an wide ascending corner. The analyst also highlights resistance to the ascending trend line, which was a price magnet historically. This analyst projects an ambitious 5x increase at $ 5 on the basis of long -term graphic models and momentum.
Meanwhile, Ali Martinez shows a horizontal resistance and an analysis based on the support which reveals that if the Ondo price exceeds its recent resistance of $ 1.13, analysts expect a rapid movement around $ 2 in August.
Consequently, as the Ondo financing price now oscillates around the levels of key support and resistance, the prediction of Ondo prices for the beginning of August remains optimistic.
