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BTCC / BTCC Square / Global Cryptocurrency /
ONDO News: Signs of Potential Turnaround as Top Analyst Highlights Key Indicator

ONDO News: Signs of Potential Turnaround as Top Analyst Highlights Key Indicator

Author:
Global Cryptocurrency
Published:
2025-01-17 11:04:48
19
3

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Ondo Finance, a prominent player in the realm of real-world asset tokenization, has caught the attention of the crypto community as a possible altcoin star in the current bull cycle. However, the start of 2025 brought challenges for ONDO, with its token experiencing a significant selloff that resulted in a 33% price drop since January 4. Despite this bearish trend, a ray of Optimism is emerging. Renowned crypto analyst Ali Martinez recently revealed compelling data suggesting a potential reversal for ONDO. According to Martinez, the funding rate for ONDO has hit -60%, an unusual occurrence that indicates exchanges are incentivizing traders to take long positions on the token. This bearish sentiment in the short term often precedes sharp market turnarounds.

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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