Prix de The GM MachineGM

Gekko says GM! 🌞

$GM just bounced from the $0.0314 zone and is now holding strong around $0.03588. With the MA(5), MA(10), and MA(20) all stacked below price and volume surging, bulls are eyeing a re-test of the $0.04000 high. If momentum sustains above $0.0355, we could see another leg up. Watch closely for a breakout or rejection at resistance.

$ONDO Finance Crashes 60% Amid $650B Loss in Altcoin Market Main Takeaways:- Altcoin market cap drops from $1.6T to $950B in four months. Ondo collaborates with BlackRock, PayPal, and Google Cloud. Token holds $0.82 but risks of falling to the $0.70 level. The cryptocurrency market has moved into a strong downtrend, with Coinbase’s April 15 market analysis showing a 41% decline in the altcoin total market value. Off its peak of $1.6 trillion in December 2024, altcoins currently exist at $950 billion, clearing out $650 billion in value.  This slump has caused sharp drops throughout the market, especially for the projects that had seen growing adoption by institutions in the past. Ondo Finance’s native token, $ONDO, has been one of the most damaged, dropping below 60% from its high value.  The decline happens even though the platform is growing its real-world asset strategy and gaining more attention in business and political circles. Ondo Develops RWA Network for Growth Ondo Finance, introduced in 2021, has established itself as a major player in the RWA sector. The platform aims to bring high-quality financial products like US government bonds, regular bonds, and money market funds to the blockchain. In February, the project introduced its own Layer-1 blockchain concentrated on RWA tokenisation. It reveals collaborations with Google Cloud, BlackRock, PayPal, Franklin Templeton, WisdomTree, and McKinsey. Even with this momentum, $ONDO is presently trading at $0.8219, dropping over 60% from its December peak. Its overall market trend is negative, with the price consistently staying below the 20, 50, and 200-day moving averages. Trump-Related Backing Boosts Momentum In addition to its corporate partnerships, Ondo has recently gained political attention. Donald Trump Jr. attended the Ondo Finance Summit, and World Liberty Financial, which is linked to the Trump family, invested $460,000 in $ONDO just one week before the event. Although this support attracted media attention, it has not changed the overall market trend. Ondo also engaged with Mastercard’s Multi-Token Network (MTN), announcing the Ondo Short-Term UD Treasuries Fund (OUSG) as the first tokenised asset of the network. This action is a step towards bringing real-world assets (RWAs) into regular finance, which could compete with traditional products from large asset managers. $ONDO Faces Critical Support Test From a technical standpoint, $ONDO is holding onto support between $0.81 and $0.82, with the 100-period moving average at $0.8161. The token has faced multiple rejections between $0.88 and $0.90, which was an area of past interest from big investors, showing that resistance remains at the top. A fall below this support level could transfer the token in the direction of $0.75–$0.77, or maybe to $0.70, which functioned as a recovery point in early Q1. These levels are still important in evaluating the potential for short-term losses. On the other hand, the Ondo Global Markets GM platform has supported the protocol to reach over $1 billion in total value locked (TVL) by March. Daily trading volume has exceeded $300 million, with yearly revenue at $6 million, according to DeFiLlama. Collaborations with fast-growing networks like Aptos, which has surpassed $1 billion in stablecoin TVL, strengthen Ondo’s position in the decentralised finance space. The short-term outlook is negative, but with strong connections in both the financial and political sectors, Ondo is still setting itself up for long-term importance in the institutional crypto market. Read also:- PEPE Watch: With Retail Buying and Whale Patience, Is a Price Surge Coming?

$GM pump it 🚀

GM