ONDO: Perps Volume Tops $4B in Two Weeks
ONDO Perps volume exceeds $4B in two weeks post-launch as price holds $0.4 with EMA50 support at $0.38 amid neutral RSI.
SourceAnalysis
ONDO perpetuals volume cleared $4B within roughly two weeks of general availability, CZ noted in a post citing Ben Grossman.
Price action sits at $0.4 inside Bollinger bands bounded by $0.44 resistance and $0.36 support. The 50-EMA at $0.38 and 200-EMA at $0.35 continue to anchor the bullish structure while RSI at 58.19 stays neutral and MACD prints a shallow death cross at 0.01.
With price testing upper Bollinger resistance at $0.44 while RSI flashes neutral, a healthy retracement to the 50-EMA support at $0.38 seems probable before further continuation. ONDO price prediction models now factor this rapid derivatives traction alongside broader crypto market crash signals.
CZ_BNB
@cz_binanceFounder and former CEO of Binance, the world's largest cryptocurrency exchange. Shares insights on cryptocurrency adoption, blockchain technology development, and personal perspectives on building in the Web3 space, while navigating regulatory challenges and industry evolution.
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