Most metrics and market indicators looked bullish.bears continued to dominate the market last week as its price chart remained red. However, investors must be patient, as there might be something cooking that can result in a massive bull rally in the coming days. Here’s a look at what’s going on.revealed that ONDO witnessed a major price drop on the 24th of June. Later, it did go up but couldn’t fully recover as its price was still down by over 4% last week.
To the contrary, cruisers, who have held the token for less than a year, were showing immense interest as their numbers increased.However, long-term holders’ interest in ONDO might shoot up too, as a bullish pattern appeared on the token’s chart.highlighting a falling wedge pattern. The token’s price has been consolidated inside the pattern since the beginning of June, and at press time, it was on the verge of a breakout.
As per our analysis, the token’s volume dropped along with its price, which can be inferred as a bullish signal. The token’s MVRV ratio also improved over the last few days.
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