Ondo (Ondo) has seen a 10% rise in the past 24 hours, trying to regain key levels and break its hold while most markets continue to move sideways. Some analysts suggest that the new crypto-friendly administration could propel the token’s price to a new all-time high (ATH).
Related studies
By turning on the new ATH to the rally
On Friday, the tokenized real-world asset (RWA) platform saw its native token the lead Crypto market with its 11% daily. For the second time in a row this week, the cryptocurrency hit the 7.50 to 7.150 mark, reflecting investor sentiment about the token.
In the last three months the token has jumped 120% from its current price range to climb to $0.60 in leaps and bounds. Additionally, the post-optimal crisis pushed Crypton to its latest high of $1414. Defi Looking for the purchase of the project.
In December, Trump’s World Fund Financial (WLF) went on a $45 million spree to buy crypto, Ave (Ave), and other tokens.
Halfway through the month, WLF bought 134,216 Ondo tokens for $250,000, which is above the 2 mark. However, December 19th was recruited after the bullish momentum of Cryptia on December 19th, which saw it gain from $1 in the following days.
Since then, Ondo has been unable to recover the $1.60 resistance level. Crypto Trader Mickey Bull noted Bullish performance of the token today also tried to break out of its box.
The crypto has come within a month of trying to break out earlier in the year. Today, the token is attempting another breakout, currently holding above the DR STROPS NAND line.
After the post, the breakout of the “King of RWA” could target the $2-$3 price range. However, the cryptocurrency needs to stay above the $1.30 level to confirm a break. In addition, there should be Ondo hold $1.50 mark to continue its bullish move towards $1.60 resistance.
New Pifit administration for oil to US token?
Market surveillance detoshi hint Outside that has recovered a major level after its recent performance, which could support a rally towards a new ATH. According to the post, the token has regained its previous ATH level, which was key resistance before the December pump and significant support during the minor market correction.
Meanwhile, Alkohin Sherpa also highlighted Ondo’s performance, stating that the cryptocurrency’s chart “looks strong”, stating that it was a “good gain from the Perfoto administration”.
Likewise, analyst Ted Pillow suggests that investors should keep an eye on Trump, with Nocan expected to perform well during the next leg.
Related studies
Specifically, there was a “Made in the USA” category created On platforms like Janjiko and Coinmarket for Trump’s inauguration. This category includes Ondo, Trump, Sui, and other big players like Solana (Sol), Cardano (ADA), and XRP.
Crypto leaders and investors predictable That these tokens could become the “next Big Narrative” fueled by the new US industry-friendly government and the approach led by the previous administration.
As of this writing, Ondo Trade trades at $1.51, a 20% increase in the weekly timeframe.
Image generated from generated image, chart from TradingVi VIS.COM
