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The Ondo price has tumbled 3% in the last 24 hours to trade at $1.40 as of 3:30 a.m. EST on a 16% pump in trading volume to $707 million.
This drop in the ONDO price comes despite Ondo Finance’s announcement of Ondo Chain, a new institution-focused layer-1 blockchain aimed at helping Wall Street firms tokenize real-world assets (RWAs). The project, revealed during Ondo’s New York summit on Feb. 6, has backing from major financial players like BlackRock, PayPal, and Morgan Stanley, alongside new partners such as Franklin Templeton, WisdomTree, Google Cloud, ABN Amro, Aon, and McKinsey.
1/ Today, we’re thrilled to announce Ondo Chain, our new Layer 1 blockchain purpose-built for institutional-grade RWAs.
Design advisors for the chain include new members of the Ondo Ecosystem: Franklin Templeton, Wellington Management, WisdomTree, Google Cloud, ABN Amro, Aon,… pic.twitter.com/a35GHB7OFW
— Ondo Finance (@OndoFinance) February 6, 2025
Additionally, Chase Herro from World Liberty Financial stated that the platform would establish a strategic reserve using its token holdings, including ONDO. According to Arkham Intelligence data, World Liberty Financial bought $470,000 of ONDO tokens on Feb. 6.
Previously, the platform had bought $270,000 worth of ONDO tokens on Dec. 15, during a period of heightened activity that saw nearly $45 million in token purchases, including Ether (ETH) and Coinbase Wrapped BTC (cbBTC).
Ondo Price Signals A Bullish Rebound
The ONDO/USD trading pair on the 1-day timeframe shows signs of a potential bullish reversal. Currently, the price is testing a key resistance near the 50-day moving average (MA) at $1.40881. The support level is firmly established at around $1.20, and the price has recently rebounded after trading within a bearish channel. If the price successfully breaks above the $1.40 region, it could rally toward $1.60 – $1.80, marking a potential trend shift.
ONDOUSD Analysis Source: Dextools.io
The chart previously displayed a parabolic curve, leading to a strong uptrend before entering a correction phase. The price then consolidated in a descending channel, forming a bearish structure. However, recent movements indicate a bullish rebound from the support level, suggesting that selling pressure is weakening. If buyers step in, there may be a breakout above the channel, confirming the start of a new uptrend.
The Moving Average Convergence Divergence (MACD) shows signs of decreasing bearish momentum, with the histogram nearing a positive crossover. The RSI is currently at 51.12, placing it in a neutral zone. This indicates that the market is not overbought or oversold, leaving room for further price movement in either direction. If the RSI rises above 60, it would confirm bullish momentum.
The 50-day MA at $1.40881 is a critical level to watch. If ONDO/USD closes above this level with strong volume, it could trigger a bullish continuation toward $1.60 or higher. On the downside, if the price fails to hold above $1.20, further declines toward $1.00 – $0.80 are possible.
The ONDO/USD pair is at a pivotal point. A breakout above $1.40 would confirm bullish strength, while failure to hold above support could result in further downside. Traders should watch for volume increases and confirmation candles before making any trading decisions
MIND of Pepe Presale Crashes Toward $6 Million – Best Crypto To Buy Now?
As the Ondo price begins to rebound, an AI-powered meme coin called MIND of Pepe (MIND) continues to surge, with its presale rapidly racing toward the $6 million milestone.
MIND of Pepe draws inspiration from the success of PEPE-themed tokens like Pepe Unchained (PEPU) and Wall Street Pepe (WEPE), both of which raised millions during their presales. Standing out as the first AI-powered derivative of the PEPE brand, MIND aims to become the top PEPE presale of 2025.
There can only be one. $MIND pic.twitter.com/BrjBU4BS2o
— MIND of Pepe (@MINDofPepe) February 4, 2025
MIND leverages the popularity of frog-themed tokens alongside the rising interest in AI-powered crypto projects to accelerate adoption. Its advanced AI continuously monitors platforms like Crypto Twitter, providing the community with early trading insights.
A crypto analyst from 99Bitcoins, a YouTube channel with over 724K subscribers, predicts that MIND of Pepe has the potential to achieve a 20X surge post-launch.
Investors can participate in the project’s presale staking program, which rewards buyers at this early stage with an annual return of 428% for locking up their tokens.
Currently priced at $0.0032792, MIND is available for purchase using ETH, USDT, BNB, or a bank card through a user-friendly buy widget embedded on its website.
With a price increase set to occur in less than 2 days, investors seeking the lowest presale rate are encouraged to act quickly.
Buy MIND tokens here before the next price increase in 36 hours.
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