ONDO Falls 10% After Alliance Launch, XYZVerse Raises $14M
ONDO’s token price fell 10% to $0.776 after launching the Global Markets Alliance partnership with Solana Foundation and Trust Wallet. Traders booked profits amid mixed market sentiment as trading volume dropped 52%, with support holding at $0.73 and resistance at $0.82. Analysts say ONDO could recover if Bitcoin rallies or sentiment improves. Meanwhile, XYZVerse secured over $14 million in presales funding to advance its NFT metaverse platform, with Stage 12 nearly sold out at $0.003333 per token and a target price of $0.01, offering potential returns up to 3000%. The funds will fuel platform upgrades, community growth, and new VR integrations.
Bearish
ONDO’s 10% price drop and 52% decline in trading volume indicate strong profit-taking and mixed market sentiment, outweighing the positive outlook from the Global Markets Alliance. In the short term, these factors suggest continued selling pressure. Long-term recovery hinges on a Bitcoin rally and growing demand for tokenized real-world assets, but current indicators point to limited near-term upside.