On February 19, Wednesday, the encryption market offered a slight increase as Bitcoin rose by 1 % to restore its position above 95,000 dollars. While the market morale is early to indicate the reflection of the direction, some assets such as Oondo show the possibility of continuous recovery amid its dominance in the RWA space and high demand pressure. Will the price of Eondo stop $ 1.5 next week?
The most prominent major events:
- Oondo exceeds competitors in the volume of transactions, which enhances its position in the RWA market.
- The daily chart shows a long refusal on the 1.148 dollars, indicating high demand pressure from buyers.
- The ONDO coin, which maintains 50 % of the Fibonacci retreat level, indicates that the 200 -day moving average is that the broader trend remains upward.
Oondo appears as the pioneer of the RWA market in the slow conditions
The real asset market in the real world (RWA) has witnessed an explosive growth, exceeding $ 20 billion in the total value-a notice of 4X since early 2023. Satoshi ClubThe private credit remains the dominant sector, while the US Treasury debt symbol also increased.
The visual representation of the growth of RWA highlights the increasing institutional interest in Blockchain’s financial tools.
Amid sectoral growth, the Ondo coin exceeds its peers in terms of the volume of transactions. Data from INTOTHEBLOCK The high volume of sharp transactions in its network shows, indicating higher participation of institutional investors and the increasing market adoption.
The work tells the size to recover the prices of ONDO
Over the past two months, the Ondo currency has been corrected from a peak of $ 2.14 to a current trading price of $ 1.19, which represents a 44.4 % loss. In a row, the maximum asset market decreased to $ 3.8 billion.
However, the low price, which is supported by a low size, indicates weakness in the conviction of sellers. In contrast, the volume of rise with Altcoin prices of $ 1.13 support indicates a strong purchase benefit.
The above -mentioned level, accompanied by 50 % of FIB and EMA for 200 days, highlights the main accumulation point. With $ 1.13 as basic support, the daily chart shows the composition of a potential dual -bottom pattern.
The preparation of the graph is usually monitored in the main market bottoms, with a ‘W. If this style continues, the price of the UNDO may lead to a recovery of 37 %, most likely by March to challenge the main neckline of $ 1.67.
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