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ONDO Drops 18% After a Brief Rally

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Ondo Finance (ONDO) briefly surged almost 20% yesterday, but the gains were reversed within 24 hours. Despite this pullback, ONDO remains a major player in the real-world asset (RWA) sector.

Technical indicators suggest momentum is slowing, while whale activity has declined for the first time in over two weeks. Whether ONDO can recover and push past key resistance levels or continue its correction toward lower support zones will depend on market sentiment and potential future developments regarding its inclusion in the reserve.

ONDO RSI Is Going Down After Reaching Its Highest Levels In 3 Months

ONDO surged in momentum yesterday, pushing its Relative Strength Index (RSI) to 76.1 before cooling off to 54.8.

The RSI is a widely used momentum oscillator that measures the speed and magnitude of price movements on a scale from 0 to 100. Readings above 70 indicate overbought conditions, often signaling a potential pullback.

Meanwhile, readings below 30 suggest oversold conditions that may lead to a rebound. With ONDO’s RSI briefly crossing 70 for the first time in three months, traders took it as a sign of strong bullish momentum before the recent retracement.

ONDO RSI.
ONDO RSI. Source: TradingView.

Now sitting at 54.8, ONDO’s RSI has dropped back to neutral territory, reflecting a slowdown in buying pressure. This suggests that the recent rally may have been overextended, leading to profit-taking and a potential period of consolidation.

If RSI stabilizes above 50, ONDO could maintain its bullish structure and attempt another move higher.

However, if it continues to decline toward 40 or lower, it could indicate weakening momentum, increasing the chances of further downside.

The Number Of ONDO Whales Dropped For The First Time Since Mid-February

The number of ONDO whales – wallets holding between 1 million and 10 million ONDO – had been steadily increasing since February 17, rising from 203 to 221 by March 1.

However, this trend reversed in the last few days, with the number of whales now dropping to 214. Tracking whale activity is crucial because large holders can significantly impact price movements through their buying or selling decisions.

A rising number of whales often signals accumulation, suggesting confidence in ONDO’s long-term potential, while a decline could indicate distribution, increasing the risk of selling pressure.

Addresses holding between 1 million and 10 million ONDO.
Addresses holding between 1 million and 10 million ONDO. Source: Santiment.

Despite the recent drop, the current number of whales remains high compared to previous months. That suggests that broader confidence in the asset is still intact.

However, this is the first decline in over 15 days, which could signal that some large holders are taking profits or repositioning. If this trend continues downward, the RWA coin could face increased selling pressure, potentially leading to further corrections.

On the other hand, if whale numbers stabilize or start rising again, it could indicate renewed accumulation. This would suggest a potential price rebound.

ONDO Falls Below $1

The broader market rally pushed ONDO’s price close to $1.20 yesterday before a correction began, signaling that traders were taking profits.

While ONDO remains a key player in the real-world asset (RWA) sector, its short-term price movement will depend on whether the current pullback deepens or stabilizes.

ONDO Price Analysis.
ONDO Price Analysis. Source: TradingView.

If the correction continues, it could test support around $0.95. Further declines could potentially bring it down to $0.90 or $0.88. If it drops below $0.80, this would be the first time that has happened since November 2024.

However, if bullish sentiment returns, ONDO could regain momentum, especially if the US takes a more crypto-friendly stance on RWAs or if ONDO is eventually added to the US strategic crypto reserve.

In that scenario, it could break through resistance at $1.26 and $1.44, with a strong rally potentially sending it toward $1.66.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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Solana (SOL) Plunges 20%—Key Support Levels Now in Focus

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Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis.

From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one of the foremost authorities in the fields of Forex and crypto trading. With a meticulous eye for detail and an unwavering commitment to excellence, Aayush honed his craft over the years, mastering the art of technical analysis and chart interpretation.
As a software engineer, Aayush harnesses the power of technology to optimize trading strategies and develop innovative solutions for navigating the volatile waters of financial markets. His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape.

In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions.

Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he’s trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences.

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At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he’s poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush’s unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe.

In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.



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XRP Drops by 10% Again as the Altcoin Struggles to Hold Gains

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XRP surged 30% yesterday after being included in the US crypto reserve. This pushed its price above $2.90 for the first time in a month. This massive rally ignited strong bullish momentum, but the altcoin slumped 10% a day later.

XRP is seeing notable correction today, suggesting that profit-taking is underway. Whether the price can regain bullish momentum or continue its retracement will depend on key resistance and support levels, with traders closely watching $2.75 on the upside and $2.52 on the downside.

XRP RSI Is Neutral After Reaching Overbought Levels

XRP saw a significant surge in momentum after being included in the US crypto reserve. Its price rallied 30%, pushing its Relative Strength Index (RSI) to a peak of 84.5.

The RSI, a widely used momentum oscillator, measures the speed and change of price movements on a scale of 0 to 100. Readings above 70 indicate that an asset is overbought and could be due for a pullback. Readings below 30 suggest oversold conditions and a potential buying opportunity.

XRP’s RSI reached 84.5 – its highest level since December 2, 2024 – signaling extreme bullish sentiment, often preceding a short-term correction.

XRP RSI. Source: TradingView.

Now sitting at 63, XRP’s RSI has cooled off from its overbought zone, reflecting the recent retracement in price. While a reading above 60 still suggests bullish momentum, the decline from extreme levels could indicate that buying pressure is waning.

If RSI continues to decline toward the neutral 50 zone, XRP could see further consolidation or even a deeper pullback.

However, if buyers step in again and push RSI back above 70, it could signal renewed strength and another potential attempt at higher price levels.

Ichimoku Cloud Shows the Bullish Setup Is Still Here, But This Could Change

XRP Ichimoku Cloud chart analysis shows that the price saw a sharp breakout above the cloud (Kumo) following its 30% surge after being included in the US crypto reserve.

This breakout confirmed a strong bullish move, with XRP moving well above both the Tenkan-sen (blue line) and Kijun-sen (red line), signaling short-term and medium-term trend strength.

The sharp spike pushed XRP into overextended territory. However, as seen in the last few candles, a pullback has started, bringing the price closer to the Kijun-sen.

XRP Ichimoku Cloud.
XRP Ichimoku Cloud. Source: TradingView.

This suggests that while the uptrend remains intact, the market is reassessing its recent gains, and XRP is testing key short-term support.

If the price holds above the Kijun-sen, XRP price could consolidate before making another attempt at higher resistance levels.

However, if the correction deepens and XRP falls back toward the cloud, it could indicate a loss of momentum. The future cloud (Senkou Span A and B) remains bullish but with some flattening. That indicates that the market is at a pivotal point.

XRP Price Can Have a Hard Time to Reach $3

XRP surged to nearly $2.95 following its inclusion in the US crypto reserve, marking a sharp bullish move.

However, after this rapid climb, the price has started to correct in the last few hours, suggesting that some traders are taking profits.

The technical outlook now depends on whether the uptrend can regain strength. If buying pressure returns, XRP could test the $2.75 resistance again. A breakout above this level could see it retesting $2.96, which acted as a barrier during yesterday’s rally.

A successful move past this resistance would open the door to a push toward $3.15, marking the first time XRP has traded above $3 since February 1. The SEC dropping the case against XRP could be a potential drive for that.

XRP Price Analysis.
XRP Price Analysis. Source: TradingView.

On the downside, if the correction continues and selling pressure increases, XRP price could find support at $2.52. A breakdown below this level would put the next key support at $2.36 in focus. Further declines could potentially drive the price toward $2.15 and $2.06.

This could be driven if more questions about the asset being included in the US crypto reserve start to emerge. Harrison Seletsky, director of business development at digital identity platform SPACE ID, told BeInCrypto that these assets are odd choices to the reserve:

“I’m certainly surprised that US President Donald Trump has chosen to announce a full-blown crypto strategic reserve, rather than just a Bitcoin strategic reserve, as everyone had been expecting. Beyond that, the choice of assets is also unusual. ETH and SOL make sense, given their strong and growing developer activity. But it’s not clear to me why XRP and ADA were included at all, considering they are virtually ghost chains compared to Ethereum and Solana. Indeed, the total value locked (TVL) and stablecoin capabilities on XRPL and Cardano are tiny compared to other ecosystem players – $80 million and $460 million, respectively. In my eyes, it somewhat delegitimizes the whole idea of crypto reserve assets like industry mainstays Bitcoin, Ether and Solana,” Harrison Seletsky told BeInCrypto.

If bearish momentum strengthens significantly, XRP could fall below the psychological $2 mark, with $1.77 emerging as the next major support level.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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Ethereum Price Crashes to $2,000—Is More Downside Ahead?

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Este artículo también está disponible en español.

Ethereum price started a fresh decline from the $2,550 zone. ETH is now back below $2,200 and might decline further in the near term.

  • Ethereum started a fresh decline below the $2,350 support zone.
  • The price is trading below $2,250 and the 100-hourly Simple Moving Average.
  • There is a new bearish trend line forming with resistance at $2,160 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair must clear the $2,160 and $2,250 resistance levels to start a recovery wave.

Ethereum Price Dives 15%

Ethereum price failed to clear the $2,550 resistance zone and started a fresh decline, like Bitcoin. ETH gained bearish momentum below the $2,400 and $2,350 support levels.

There was a clear move below the $2,250 support zone and the 100-hourly Simple Moving Average. The price even dived below the last low and tested the $2,000 zone. A low was formed at $2,003 and the price is now consolidating losses below the 23.6% Fib retracement level of the recent decline from the $2,550 swing high to the $2,003 low.

Ethereum price is now trading below $2,250 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $2,080 level. The first major resistance is near the $2,150 level.

There is also a new bearish trend line forming with resistance at $2,160 on the hourly chart of ETH/USD. The main resistance is now forming near $2,275 and the 50% Fib retracement level of the recent decline from the $2,550 swing high to the $2,003 low.

Ethereum Price
Source: ETHUSD on TradingView.com

A clear move above the $2,275 resistance might send the price toward the $2,350 resistance. An upside break above the $2,350 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,450 resistance zone or even $2,500 in the near term.

Another Decline In ETH?

If Ethereum fails to clear the $2,160 resistance, it could start another decline. Initial support on the downside is near the $2,020 level. The first major support sits near the $2,000 zone.

A clear move below the $2,000 support might push the price toward the $1,880 support. Any more losses might send the price toward the $1,750 support level in the near term. The next key support sits at $1,640.

Technical Indicators

Hourly MACDThe MACD for ETH/USD is gaining momentum in the bearish zone.

Hourly RSIThe RSI for ETH/USD is now below the 50 zone.

Major Support Level – $2,000

Major Resistance Level – $2,160



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