Ondo

Cryptocurrency

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoins-price-surge-boosts-altcoins/" data-wpel-link="internal">Bitcoin’s Price Surge Boosts Altcoins</a><br></p>
<p style="text-align: justify"><strong>Bitcoin’s (BTC)</strong> <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">price</a> surpassed the previous bull cycle peak of $69,000, leading some altcoins to significant gains. One of these, Ondo (ONDO), experienced a rally of over 15%. Following this recent gain, the <a href="https://en.coin-turk.com/top-3-altcoins-to-watch-next-week-is-it-time-for-a-rise-for-all-of-them-below-0-10/" data-wpel-link="internal">altcoin</a> saw a total increase of 19% since the beginning of the week.</p> 
<h2 id="analysis-of-ondo-s-chart">Analysis of ONDO’s Chart</h2> 
<p style="text-align: justify">Ondo’s price, accompanied by on-chain <a href="https://newslinker.co/category/ai/" target="_blank" rel="noopener" data-wpel-link="exclude">data</a>, saw a notable increase in the last 48 hours, signaling a potential bullish trend. Additionally, ONDO’s price has risen by 19% since the beginning of the week. Experts analyzing ONDO’s daily charts indicate that the Ichimoku cloud has formed a support level at $1.17.</p> 
<p style="text-align: justify"><strong>Cryptocurrency</strong> price movements can be determined using metrics like the Ichimoku base, which serves as both support and resistance. Generally, testing the base line of the mentioned formation is considered a reversal signal.</p> 
<p style="text-align: justify">ONDO is trading 58% above the 100-day exponential moving average, a strong bullish indicator. Despite a 21% price correction from its all-time high of $1.48 to $1.17, the 100 EMA has shown no flattening trend. The stability of the EMA has led to new ATH expectations in the cryptocurrency.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-361852 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/06/ondo.jpg" alt="" width="850" height="438"></p> 
<h2 id="investor-interest-in-ondo">Investor Interest in ONDO</h2> 
<p style="text-align: justify">Experts suggest that if ONDO falls below the Ichimoku base line, it could signal a bearish trend. Additionally, there has been a significant increase in fundamental indicators like buyers and transfer amounts in the <strong>token</strong>. The upward momentum in these metrics could indicate rising investor interest and potential gains for the altcoin.</p> 
<p style="text-align: justify">Following the above-mentioned scenario, the number of addresses increased in the last two days. This could indicate growing adoption and demand. The rise in unique buyers is a positive sign that the token is gaining interest and attracting a broader user base.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/bitcoins-price-surge-boosts-altcoins/" data-wpel-link="internal">Bitcoin’s Price Surge Boosts Altcoins</a></h5>

Bitcoin’s Price Surge Boosts Altcoins

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