ONDO has hit a new all-time high of $2.16, a few hours ago, as per CMC data.
The altcoin’s daily trading volume has surged by 109.35% in the last 24 hours.
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.
The leading altcoin, Ethereum, 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.
According to Spot On Chain reports, 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.
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 data. Additionally, the cryptocurrency has also passed a crucial milestone of $2, which as per reports the Whales were rooting for.
ONDO Weekly Price Overview
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.
ONDO/USDT Daily Price Chart (Source: TradingView )
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.
These aspects suggest that ONDO might hit new trading levels in the coming days. Another rising altcoin, SUI also hit a new ATH in the past few hours.
Highlighted Crypto News Today:
Michael Saylor Predicts MARA Holdings to Be Next Bitcoin Firm
