- 1 ONDO price is trading above the major EMA levels, showcasing bullishness on the daily chart.
- 2 ONDO crypto’s price shows a surge of approximately 75.68% in a month, signifying buyers’ presence.
- 3 The token gave outstanding returns in the last few months and took its market cap to $1.87 Billion.
The ONDO price demonstrated a fabulous performance recently and gave its investors outstanding returns. It has already generated an impressive 1519% return from its all-time low price, showing investors’ confidence in the Ondo cryptocurrency.
ONDO Active Addresses Increased; What Does It Mean?
ONDO active addresses have increased in the last few days. As per the Santiment data, the number of 24-hour and 7-day active addresses has increased tremendously. The surge started at the beginning of May.
The uptick in ONDO active addresses is a bullish signal that suggests an increase in on-chain demand.
Moreover, according to the data from Santiment, the total number of holders has also increased. At the beginning of March, the holder’s count floated around 6.7K, surging to 37.5K at the time of writing, which shows boosted investor confidence in ONDO.
ONDO Price Analysis on the Technical Charts
ONDO crypto price is heading in the upward direction by making a higher high structure. It showcases the buyers’ dominance in the token.
At the time of writing, the ONDO token is trading at the level of $1.34418 with an intraday surge of 1.22%. The 24-hour trading volume is 317.56 Million, with a market cap of $1.87 Billion.
Moreover, the volume-to-market cap ratio of 24 hours is 16.84%, which suggests good liquidity in the token. The fully diluted market cap of ONDO stands at 13.47 Billion, and it has a circulating supply of 1.39 Billion.
ONDO has performed impressively in the last few months. The token grew by almost 349.06% in the previous 6 months, 119.61% in 3 months, and 75% in the last month, showcasing the bull’s dominance on the daily technical chart.
Indicators overview of the ONDO
As per the technical indicator summary of TradingView, out of 14 indicators, 2 are on the sell side, 10 are on the neutral side, and 12 are on the buying side. It suggests that the indicators give a buying outlook and a positive perspective for the ONDO token price.
The RSI curve is trading in the overbought zone at 63.66, and the 14-SMA line is at 63.66, which signifies bullishness in the crypto price.
Moving average convergence Divergence is also floating at the bullish zone. The MACD curve is at 0.12161, and the signal curve is at 0.12376. A bearish crossover is forming between the MACD and signal curves, suggesting mild weakness in the trend.
Summary
ONDO is exhibiting a strong bullish trend, as evidenced by its price trading above key moving averages and significant gains in the last few months. Overall, all indicators support the crypto, suggesting bullishness.
Disclaimer
The analysis given above is for informational and educational purposes only. You should not take it as financial, investment, or other advice. Investing in or trading crypto assets is risky. Please consider your circumstances and risk profile before making any investment decisions.
