ONDO has shown remarkable stability amidst marketvolatility,largely due to the proactive efforts of individual investors who have stepped in to support the price duringdownturns.
Points
- ONDOpricestabilitymaintainedbyindividualinvestors.
- Significantsalesbymajorholdersoffsetbyawaveofindividualinvestorbuying.
- Mid-terminvestorholdingsincreasedsignificantly.
ONDOComments
ONDO’sprice movement shows a different pattern compared to itspeers.Generally,whales stabilize the market duringpanic,but forONDO,individual investors played the saviorrole.
Recently,investors holding between10million and100million ONDO sold132million ONDO worth over$141million.These sales were likely made to escape the ongoing marketdecline.
Despite thesesales,the situation became moreinteresting.Individual investors responded to thewhales’move by creating a large buyingwave,keeping the price relativelystable.Mid-terminvestors’ONDO holdings visibly increased during theseevents.
In theend,ONDO did not experience a significant drop but rather went through a consolidationphase.
FutureofONDOPrice
Despite the whalemovements,individualinvestors’efforts have so far prevented a significantdrop,indicating that consolidation might continue forONDO.However,a potential drop below the$1.07support level could lead to a sharperdecline,possibly pushing the price below$1.
WrappingUp
Despite marketvolatility,ONDO has managed to maintain stability thanks to the proactive efforts of individualinvestors.This unique trend highlights the importance of smaller investors in supporting the cryptocurrency market and stabilizing prices duringdownturns.However,continued monitoring of the$1.07support level is crucial to anticipate future pricemovements.