Future

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/investors-maintain-ondo-price-stability-despite-market-trends/" data-wpel-link="internal">Investors Maintain ONDO Price Stability Despite Market Trends</a><br></p>
<p style="text-align: justify"><strong>RWAs</strong> recently saw significant price increases just by being associated with BlackRock. This led to a frenzy, with many cryptocurrencies rapidly rising. Unlike the recent market downturn, ONDO, supported by individual investors, experienced a much milder decline.</p> 
<h2 style="text-align: justify" id="ondo-comments">ONDO Comments</h2> 
<p style="text-align: justify">ONDO’s price movement shows a different pattern compared to its peers. Generally, whales stabilize the market during panic, but for ONDO, individual investors played the savior role.</p> 
<p style="text-align: justify">Recently, investors holding between 10 million and 100 million ONDO sold 132 million ONDO worth over $141 million. These sales were likely made to escape the ongoing market decline.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-368089" src="https://coin-turk.com/wp-content/uploads/2024/07/ondo-3-coin-turk-com.png" alt="" width="860" height="309"></p> 
<p style="text-align: justify">Despite these sales, the situation became more interesting. Individual investors responded to the whales’ move by creating a large buying wave, keeping the price relatively stable. Mid-term investors’ ONDO holdings visibly increased during these events.</p> 
<p style="text-align: justify">Before the transactions, the total ONDO amount was 34%, which rose to 72% after all transactions. Meanwhile, <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">short-term investors</a>‘ ONDO holdings dropped from 53% to 22%.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-368088" src="https://coin-turk.com/wp-content/uploads/2024/07/onco-2-coin-turk-com.png" alt="" width="838" height="512"></p> 
<p style="text-align: justify">In the end, ONDO did not experience a significant drop but rather went through a consolidation phase.</p> 
<h2 style="text-align: justify" id="future-of-ondo-price">Future of ONDO Price</h2> 
<p style="text-align: justify">ONDO’s price showed a slowdown in decline, repeatedly testing the critical $1.07 level. Considering the <a href="https://en.coin-turk.com/wormhole-achieves-major-milestone-in-cross-chain-messaging/" data-wpel-link="internal">altcoin</a>‘s current price of $1.09, it’s not wrong to say whales might achieve this.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-368087" src="https://coin-turk.com/wp-content/uploads/2024/07/ondo-coin-turk-com.png" alt="" width="816" height="359"></p> 
<p style="text-align: justify">Despite the whale movements, individual investors’ efforts have so far prevented a significant drop, indicating that consolidation might continue for ONDO. However, a potential drop below the $1.07 support level could lead to a sharper decline, possibly pushing the price below $1.</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/investors-maintain-ondo-price-stability-despite-market-trends/" data-wpel-link="internal">Investors Maintain ONDO Price Stability Despite Market Trends</a></h5>

Investors Maintain ONDO Price Stability Despite Market Trends

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