thenewscrypto.com
- $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.
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.