ONDO (ONDO) Price Soars 100% in a Week: Anticipating Further Upside?
ONDO (ONDO) Price Surge Analysis
In just 7 days, the ONDO price experienced a remarkable increase from $0.40 to $0.90, leading to a doubled holder count in a month. The MVRV Z Score surged to 3.57, indicating cautionary overvaluation signs, while bullish EMAs point to further price growth potential.
Holder Count Expansion
The ONDO investor base saw a significant increase, surpassing 10,000 holders by March 25 from 4,872 on February 26. This growth coincided with a 137.5% price surge from $0.40 to $0.95 within six days.
MVRV Z Score Analysis
The sharp rise in the MVRV Z Score from 1.39 to 3.57 between March 19 and March 25 indicates a potential overvaluation scenario, which historically precedes market corrections. Investors are advised to stay vigilant for possible price adjustments.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.