Will New US Gov’t Send It To $3?
ONDO (ONDO) has soared by 10%in the past 24 hours, recover the key level and try to break through the decline, and most markets are still sideways. Some analysts believe that the new cryptocurrency friendly government may push the price of token to a historical high (ATH).
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ONDO target rebound to the new ATH
On Friday, ONDO Finance, the tokenization real world asset (RWA) platform, saw its native currency lead The cryptocurrency market rose 11%daily. The cryptocurrency soared to the $ 1.50 mark this week, re -ignition the investor’s confidence in the token.
In the past three months, the token has risen 120%, climbing from a $ 0.60 mark to the current price range. In addition, under the promotion of Donald Trump, the rebound after the election has pushed the cryptocurrency to the latest 2.14 US dollars. Decentralized finance The purchase boom of the project.
In December last year, Trump’s World Liberty Financial (WLF) launched a $ 45 million cryptocurrency purchase boom, acquired millions of dollars, ETH, ChainLink (LINK), AAVE (AAVE), and other others Token.
In the middle of this month, WLF purchased 134,216 ONDO tokens at a price of 250,000 USDC, which promoted the price of ONDO to exceed the $ 2 mark. Nevertheless, the rise of cryptocurrencies stopped after market adjustment on December 19, and ONDO fell to $ 1 in the next few days.
Since then, ONDO has been unable to recover the resistance of $ 1.60, and this month has hovered from the price range of $ 1.09 to $ 1.45 this month. Cryptocurrency trader Miky Bull Well -known The tokens tried to break through the downward trend today and their performance was bullish.
Since Touching the latest ATH, cryptocurrencies have been in a one -month decline and tried to break through early this year. Today, the tokens are trying another breakthrough, and it is currently remained above the downward trend line.
According to this post, the breakthrough of “King of RWA” may aim at the price range of $ 2-3. However, cryptocurrencies need to be maintained above $ 1.30 to confirm the breakthrough. In addition, ONDO should catch Close to the $ 1.50 mark, continue to watch the $ 1.60 resistance.
The new government that supports cryptocurrencies will promote the development of American tokens?
Market Observer Detoshi tip It is pointed out that ONDO has returned to a critical level after the recent performance, which may support the rebound to the newly. According to this post, the ATH level before the token has been restored, which is a key resistance before the rise in December, and it is also an important support for the smaller market adjustment period.
At the same time, the cottage Sherba people also Protruding ONDO’s performance shows that the chart of cryptocurrencies “looks strong” and added that it is “a good beneficiary of the government who supports cryptocurrencies.”
Similarly, analysts Ted Pillows suggested that investors “pay close attention to Trump and his wallet”, including ONDO because these tokens are expected to perform well in the next stage of rising.
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It is worth noting that the “Made in the United States” category is Have created Watch Trump’s inaugural ceremony on platforms such as Coingecko and CoinMarketcap. This category includes ONDO, TRUMP, SUI, and other large participants, such as Solana (SOL), Cardano (ADA), and XRP.
Cryptocurrency leaders and investors Expected These tokens may be “the next major narrative”, which is promoted by the new industrial -friendly government in the United States, and the expected expectations of the “law enforcement supervision” method led by the last government.
As of writing this article, the ONDO transaction price was 1.51 US dollars, a weekly range of 20%.
Selected pictures are from unsplash.com, and the chart comes from tradingView.com
