Convergence

bullish

Bitcoin

Divergence

<ul class="wp-block-list">
 <li>ONDO has hit a new all-time high of $2.16, a few hours ago, as per CMC data.&nbsp;</li>
 <li>The altcoin’s daily trading volume has surged by 109.35% in the last 24 hours.</li>
</ul>
The crypto market pulled another frenzy over the past day, as the trailblazer cryptocurrency – Bitcoin hit another all-time high. BTC’s current ATH is $106,488, resulting from the recent bull run. On turning eyes to other cryptocurrencies, they have also rallied, inadvertently over the past day.&nbsp;
The leading altcoin, <a href="https://thenewscrypto.com/ethereum-liquid-restaking-tvl-surges-by-reaching-17b-in-2024/" target="_blank" rel="noopener noreferrer nofollow">Ethereum</a>, hit the $4K mark, while other tokens also showed upward movements. One particular altcoin, ONDO, which has been bullish for the past week, also hit a new ATH. This cryptocurrency has seen increased whale interest and advocacy, which initiated the rally approximately seven days ago.&nbsp;&nbsp;
According to Spot On Chain <a href="https://x.com/spotonchain/status/1866295491224563896" target="_blank" rel="noopener noreferrer nofollow">reports</a>, a massive whale created a new wallet to purchase 10.978 million of ONDO worth $17.1 million. They bought it during the dip in the recent market crash last week. This and other whale purchases have put ONDO in the spotlight.&nbsp;
In the past day, ONDO has factored in an additional 13.79% price increase. As aforementioned, it hit an ATH a few hours ago – $2.16 as per CMC <a href="https://coinmarketcap.com/currencies/ondo-finance/" target="_blank" rel="noopener noreferrer nofollow">data</a>. Additionally, the cryptocurrency has also passed a crucial milestone of $2, which as per reports the Whales were rooting for.&nbsp;
<h3 class="wp-block-heading" id="h-ondo-weekly-price-overview-nbsp">ONDO Weekly Price Overview&nbsp;</h3>
Zooming out, into its weekly price chart, ONDO shows a significant 28.43% price increase. At the beginning of the week, it was trading at a low of $1.53. After which, it has rallied to current levels surpassing several resistance levels. At the time of writing, ONDO was trading at $2.09 as per CMC data.&nbsp;
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfMNHPUVOmdTE9RDZ_8eXCh8ViYfo-Duv55JM_Ie3wifZF88UMYhQDQg55waIeOR3FyDisOg4dPrd9IUeUTHIuSViffNB9owiwS8c7YgZzwZ_O91UlzV6vS-XUiIk4agY0m9ImZPw?key=HBwofiJqg8Dy77q-WIvpQbu5" alt="">
 <figcaption class="wp-element-caption">ONDO/USDT Daily Price Chart (Source: <a href="https://www.tradingview.com/symbols/ONDOUSDT/?exchange=BYBIT" target="_blank" rel="noopener noreferrer nofollow">TradingView</a>)
 </figcaption>
 </figure>
</div>
Moreover, on analyzing its technical indicators, the Moving Average Convergence Divergence (MACD) signal line stands above the MACD line. This indicates a possibility of the bullish trend being sustained. Additionally, ONDO’s CMF stands at a high of 0.22 highlighting the increased capital influx into the token.&nbsp;
These aspects suggest that ONDO might hit new trading levels in the coming days. Another rising altcoin, <a href="https://thenewscrypto.com/sui-surges-to-new-highs-on-bullish-momentum/" target="_blank" rel="noopener noreferrer nofollow">SUI</a> also hit a new ATH in the past few hours.&nbsp;
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Whales Succeed in Driving ONDO Price Breakout as Token Hits $2

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