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The crypto market has seen notable price increases as Bitcoin exceeds the $70,000 price. This trend has also spread into the ONDO/USDT market, resulting in an 8.43% price increase. This suggests that the market may experience further gains as trading continues.
Ondo Statistics:
ONDO Price: $0.7345
ONDO Market Capitalization: $1.01B
Ondo Circulating Supply: 1.38B
Ondo Total Supply: 10B
ONDO CoinMarketCap Rank: 69
As noted earlier, the Ondo token has seen a price increase of 8.43%. This stands as the most significant price rise in the past ten sessions. Additionally, this increase has pushed the market back above key technical levels, such as the 20-day and 50-day Moving Average curves.
The Stochastic Relative Strength Index (RSI) has reached the oversold region and delivered a bullish crossover. The indicator’s lines are now rising out of that region, affirming the recent price increase.
ONDO Market Looks Ready to Break More Resistance
Extending the ONDO/USDT market analysis to the 4-hour chart reveals that price movement is maintaining a strong bullish stance. In this time frame, the market has remained bullish for the past three sessions, with increasing momentum. Meanwhile, the Stochastic RSI lines have breached the 80 mark.
At this point, the 100-day and 200-day MA lines converged above the latest price candle on the chart, forming a hard resistance level. However, the bullish momentum in this market might be sufficient to break this barrier, potentially maintaining the usefulness of crypto signals aiming at the $0.8000 price threshold.
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