Crypto News

ONDO Investors See Profits As Token Continues Upward Trend

According to On-Chain Data from IntoTheBlock, 73% of ONDO investors are currently in profit. The past week has seen transactions worth over $100,000 reach a cumulative total of $340.92 million, indicating a positive trend.

Eastern investors, in particular, dominate ONDO’s transaction volume, accounting for 54%.

A closer look at the on-chain metrics reveals a strong 75% positive signal for ONDO. Examining investor behavior over different time periods, the data shows encouraging signs. Over the past six months, the number of medium-term investors has surged dramatically. At the start of the year, there were 3.8K addresses in this category; now, that number has grown to 34.57K.

In the last three months, a notable shift has occurred: the number of short-term traders has decreased, while the number of long-term holders has risen. This trend suggests growing confidence in ONDO’s long-term potential among investors.

ONDO Mets New Resistance Level At $1.17, More Gains Once It Breaks This Level 

Volume data indicates a significant resistance level for ONDO at $1.17, with a volume of 212 million tokens. If ONDO can break through this level, the upward trend is expected to continue.

Since January 2024, ONDO has been on a consistent upward trajectory, gaining 11% in the past week alone and an additional 4% today. The token is currently trading at $1.20.

As ONDO maintains its rising trend and more investors show confidence in its long-term potential, the token’s future looks promising. With strong on-chain metrics and a growing base of medium-term investors, ONDO is well-positioned for continued growth.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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