- Ondo has broken key resistance levels, which signals the potential for a price increase of 66%.
- Valancing and rising institutional interest points to continued rapid speed.
Evil (evil) has recently broken free from its falling channel, which shows impressive movement upwards that has caught the attention of traders and driven growing hausse feeling.
At press time, evil was $ 1.01, which reflected an increase of 15.63% over the past 24 hours.
The most important question is whether this element will continue, or whether a recruit loom when the price approaches decisive resistance levels. The marketing entry will play an important role in determining the next move of the token.
Ready for lift?
The latest outbreak from the falling channel shows that evil can enter a haus phase. The diagram revealed an inverted head and shoulder pattern at press time, which indicates a potential price increase.
The neck of this pattern was close to $ 1.60, a critical level of resistance. If evil violates this resistance, it can rise by up to 66%.
The support remained at $ 0.90, which buyers are keen to defend. If the price maintains above this level, the road will be more clearer.
Source: Tradingview
What lies behind the power of marketing activities?
Market activity further supports the haus -like prospects of evil. The large holder Netflow has increased by 6473.97% over the past week, indicating a significant accumulation.
This activity suggests that institutional investors are positioning themselves for the next phase of growth.
In addition, active addresses have risen by 47.15%, which further indicates that market interest is growing. The number of new addresses also shows an influx of new capital in the market.
These measurements on the chain point to the confidence of increasing investors and a robust demand for evil, which reinforces its haus -like potential.
Source: Intotheblock
Institutional influx: Are large investors who run rally?
Transaction data reveals that evil is increasingly attracting greater investors. Transactions within $ 10,000 to $ 100K interval has increased by 140.14%.
This increase indicates that institutional players enter the market and position themselves for price gains.
In addition, these larger transactions contribute to higher total market liquidation. As institutional interest continues to increase, evil may experience continued raise.
Therefore, market participation is likely to remain strong, which drives access higher as investors aim to benefit from potential growth.
Source: Intotheblock
What does the Ondo Derivates market say?
The derivative market confirms the growing haus -like feeling about evil. The volume has increased by 114.45% to $ 1.38 billion and open interest rates have increased by 36.16% and now reach $ 408.67 million.
These changes signal that traders expect additional price movement.
The increase in long positions shows that market participants are investing in continued price estimate. In addition, these derivative measurements indicate that the market term remains positive.
Source: Coinglass
Can evil maintain their rally?
The combination of technical patterns, marketing activities and derivative data strongly suggests that evil is positioned for further gains. The resistance to $ 1.60 is a key level to look at.
If evil breaks through this level, the next phase can be significant. However, it is crucial to monitor whether large holders continue to gather and if the marketing entry remains strong.
As long as the investors’ trust holds and the technical prospects remain favorable, evil can very well maintain their haus -like speed and move towards higher levels.
