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ONDO Shows Bullish Momentum on Binance Amid Institutional Interest

ONDO Shows Bullish Momentum on Binance Amid Institutional Interest

Published:
2025-08-18 23:13:23
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Ondo (ONDO) has demonstrated a notable price increase of 2.22%, reaching $1.04, as technical indicators signal a bullish trend. The token is currently trading above all major moving averages, with its Relative Strength Index (RSI) at 59.92, indicating potential for further growth before entering overbought territory. Trading volume on Binance has surged to $19.9 million, highlighting sustained institutional interest in real-world asset tokenization protocols. While no significant fundamental catalysts have emerged this week, the upward movement appears to be driven by technical factors and growing market confidence. This development underscores the increasing adoption of ONDO and its potential in the evolving digital asset landscape.

ONDO Price Gains 2.22% Amid Bullish Technical Setup

Ondo (ONDO) ROSE 2.22% to $1.04 as technical indicators flashed bullish signals. The token now trades above all major moving averages, with its RSI at 59.92 suggesting room for further upside before hitting overbought territory.

Trading volume reached $19.9 million on Binance, reflecting steady institutional interest in real-world asset tokenization protocols. While no fundamental catalysts emerged this week, the move appears driven by technical factors as Ondo approaches key resistance levels.

The DeFi token's momentum aligns with broader market sentiment, though its current trajectory remains primarily chart-driven rather than news-dependent. Traders are watching for a potential breakout above critical technical thresholds.

Whales Fuel PEPE Price Rally, Can it Break $0.0000135?

Pepecoin (PEPE) has surged 9.77% in a single day and 17.11% over the past week, trading at $0.0000122. Whale accumulation and declining exchange reserves suggest sustained bullish momentum, with the market cap reaching $5.11 billion and 24-hour trading volume spiking 37.98% to $1.04 billion.

On-chain data reveals whale wallets added 3.8 trillion Pepe in July 2025, while exchange reserves dropped 1.14%, reducing selling pressure. A $5.2 million PEPE withdrawal from Binance signals strategic positioning rather than panic selling.

Technical analysis shows PEPE rebounding from a critical support zone NEAR $0.0000095, forming a bullish cup-and-handle pattern. The breakout above the 30-day SMA at $0.00001213 reinforces the upward trajectory.

Tezos (XTZ) Surges 8.89% as Bulls Target $1.10 Resistance Level

Tezos (XTZ) rallied 8.89% to $0.88 amid strong bullish momentum, with technical indicators suggesting a potential breakout above key resistance levels. The Relative Strength Index (RSI) at 62.52 reflects healthy buying pressure without overbought conditions, while the price has cleared all major moving averages—a classic uptrend confirmation.

Trading volume on Binance spot reached $4.7 million, signaling robust participation in the move. Unlike typical altcoin pumps, this surge appears driven by technical factors rather than news catalysts, building on Tezos' recovery from a $0.49 yearly low. Market-wide risk-on sentiment in crypto appears to be amplifying the technical setup.

The next psychological hurdle lies at $1.10, a level last tested in March 2025. Traders are watching for sustained closes above the $0.90 Fibonacci level to confirm continuation. With derivatives open interest rising alongside spot volume, this could mark the beginning of a broader re-rating for the smart contract platform.

MANTRA (OM) Price Breaks Higher: Technical Analysis Shows Bullish Momentum at $0.28

MANTRA's OM token surged 3.08% to $0.28 as technical indicators flashed bullish signals, with the MACD histogram showing strengthening momentum at 0.0024. Trading volume on Binance spot reached $14.02 million, reflecting moderate investor interest despite the absence of fundamental catalysts.

The MACD line at 0.0054 remains firmly above its signal line at 0.0030, while the RSI at 58.02 suggests room for further upside before overbought conditions emerge. Price action appears driven by technical factors rather than news events, with key resistance levels now in focus for traders.

ETH Surges 7% to $4,200, Marking Highest Level Since December 2021

Ether (ETH) rallied to $4,200 on Binance early Saturday, reaching its highest price point since December 2021. The two-day surge was fueled by heavy trading volume and $207 million in short liquidations, forcing buybacks that accelerated upward momentum.

The breakout follows Friday's climb above $4,000—a technical threshold not crossed since December 2021. Analysts note the MOVE triggered fresh buying interest, creating conditions for Saturday's continuation. Crypto analyst Miles Deutscher describes an "on-chain wealth effect" where ETH's appreciation prompts investors to reallocate profits into higher-risk altcoins, potentially amplifying rallies across the ecosystem.

Deutscher outlines a multi-stage market rotation: an ETH-led altcoin season, followed by capital shifting to Bitcoin (potentially targeting $120,000-$140,000), before returning to ETH and smaller tokens for a speculative peak. Michaël van de Poppe cautions that chasing ETH at current levels carries elevated risk, though the setup suggests potential for all-time highs. Strategic allocation within ETH ecosystem projects may offer better risk-reward profiles.

Pi Network Faces Challenges in Securing Binance Listing Amid Centralization Concerns

Pi Network's prolonged wait for a Binance listing highlights deeper structural issues. The project's centralized decision-making contradicts its community-driven ethos, creating a significant barrier to exchange adoption. Binance and other major platforms typically demand robust decentralization—a standard Pi has yet to meet.

Technical stagnation exacerbates the problem. With most activity confined to the Testnet and minimal node participation on the Mainnet, PI lacks the operational maturity expected of credible blockchain projects. User rewards remain locked, further eroding utility and investor confidence.

The token's price action reflects these fundamental weaknesses. After plummeting 90% from its $2.85 peak to $0.335, recent minor recoveries to $0.40 appear fragile. While slowed token unlocks may reduce selling pressure, the network's unresolved governance and functionality issues continue to deter serious market participation.

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