Analysis of the prices of the crypto SUI and ONDO

The crypto market is going through a difficult time, especially regarding altcoins, but in the general turmoil, there are some good news here and there

There are a couple of interesting news items regarding the trend of the price of the crypto SUI and ONDO.

The crypto market is going through a difficult time, especially concerning altcoins, but in the general turmoil, there is some good news here and there, even if it is few and only good up to a certain point.

Analysis of the prices of the crypto SUI and ONDO

SUI is the native cryptocurrency of the blockchain with the same name.

It landed on the crypto markets only two years ago, so it has not yet gone through any major speculative bubble, like the one in 2021 or the one in 2017.

The initial price was $1.4, but in the following months, it dropped below $0.4. Although in March of last year it managed to exceed $2, it later returned to $0.5, nullifying all the gains.

However, starting from September, it had begun an interesting growth phase, initially culminating in October with the new all-time high above $2.3.

With the electoral victory of Donald Trump, the price soared above $5, but starting from the end of January, the mini-bubble began to deflate.

For now, it has returned to $2, canceling all the gains from the Trump trade, but the situation now seems potentially interesting.

The good news about Sui

First of all, the price of SUI has already recovered all the losses accumulated between the weekend and the beginning of this week.

In fact, seven days ago it was around $2.17, but on Monday it had fallen below $1.7, causing fears of much worse. However, now it has returned above $2.1, which is in line with the March price.

On the contrary, after the drop below 2.1$ on March 11, it seems that a phase of lateralization has begun with volatility that in fact has not stopped the bear trend in the medium-short term.

Additionally, Sui recorded the largest stablecoin inflows among all blockchains in the last 24 hours, with a net increase of 6.1 million dollars, just as strong outflows were recorded by many other blockchains, such as Ethereum, Solana, and BNB.

This suggests that there may be a growing speculative confidence in SUI, and an increasing demand due to the rise in on-chain activity.

Although this is not enough to predict further price increases of SUI, it suggests that it is probably not a coincidence that since March 11 the bear trend has been interrupted.

The trend of the price of Ondo

ONDO is the token on Ethereum of the namesake crypto project.

It landed on the mercati crypto just over a year ago, so there is even less history to analyze compared to SUI.

Its trend in some ways is curious, because last year after debuting at 0.22$ it immediately shot up to 1.4$ in the following months, only to correct just as quickly below 0.6$.

With the Trump trade, a new small surge began, in some ways similar to the previous one, which led it to the all-time high of $2.1 in December. Since then, it has entered a bear phase that may have ended on Monday below $0.7.

It’s as if it continuously alternates between rising phases and falling phases, and although the lows of the falling phases seem to be ascending, what is most striking is the continuous formation of mini-bubbles, almost without interruption.

The good news about Ondo

The good news is that compared to $0.57 on Monday, the price has now risen to $0.88.

This is a +20% in a few days that is giving hope, also because for now it actually seems to have managed to end the bear phase that started back in January.

The interesting thing is that from the analisi tecnica emerges the possibility that in the coming days, or in the coming weeks, not only might the descending phase not resume, but a new fase ascendente might even begin.

Given the historical precedents, the possibility cannot be excluded that it is a new mini-bolla, ready to burst at the next inevitable crisis.

The on-chain activity concerning ONDO is also volatile, so it is necessary to pay close attention, especially if you choose to hold this token.