The cryptocurrency ONDO has returned to its pre-crash levels, sparking optimism in the market. This recovery is accompanied by announcements at the ONDO Summit about new partnerships and agreements.
Stability After the Crash
ONDO reached its pre-crash level, stabilizing at $1.08373. Analyst Niels suggests ONDO is consolidating between $1.08 and $1.50, potentially preparing for a major move. The next major resistance is at $2.14803.
Impact of ONDO Summit
The current ONDO Summit plays a critical role in boosting market sentiment. New strategic partnerships and announcements are strengthening ONDO's position as a significant player in the crypto space.
Institutional Interest
Despite a 15% decline, ONDO continues to attract institutional investors. For example, World Liberty Financial recently swapped 470,000 USDC for 342,000 ONDO, indicating strong confidence in the asset's future.
ONDO successfully overcame the recent market turmoil, stabilizing and attracting interest from major investors. The success of upcoming steps largely depends on economic conditions that could support the asset's further growth.
