From the end of March 2024 onwards, the ONDO cryptocurrency has predominantly experienced a period of stagnant trading, fluctuating between two fixed levels of $1.042 and $0.69. The altcoin has repeatedly bounced back from both support and resistance, highlighting the market’s lack of confidence and the formation of a narrow trading range. Nevertheless, there has been a notable increase in ONDO’s momentum as the overall market has shown signs of recovery in mid-May. This surge in momentum has been further fueled by heightened buying pressure on Ethereum following the US Securities and Exchange Commission’s approval of the spot ETH ETF. Stay up to date with the latest technology news by visiting NEWSLINKER.
