RWA Perpetuals Market Surges to $15B Amid Commodity Volatility
- Market Concentration: CoinMarketCap data reveals that Binance dominates the RWA perpetuals market with a 68.37% share of year-to-date volume, significantly ahead of OKX at 14.63% and MEXC at 9.25%, indicating that liquidity and liquidation risks are heavily concentrated on a few platforms.
- Volume Surge: On January 30, RWA perpetuals volume soared to $15.57 billion as gold futures plummeted approximately 11% to $4,745 per ounce, while silver experienced its worst single-day drop since 1980, crashing 28% to $78, highlighting extreme market volatility.
- Speculative Frenzy: By February 5, volume rebounded to $12.06 billion, with silver dropping another 9% to $76 per ounce and gold slipping about 1.24%, illustrating how explosive moves were driven by rampant speculation and macroeconomic news sending shockwaves through the markets.
- Diversification Opportunities: RWA perpetuals offer crypto traders exposure to traditional financial assets, emerging as a viable diversification and hedging tool amid a broader crypto market downturn, thus providing investors with stability in a turbulent environment.
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Technical Analysis for ONDO
Technical Sentiment Analysis for Ondo (ONDO) As of , Ondo (ONDO) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for ONDO stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, ONDO is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Ondo (ONDO) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.09 | 0.146 | 0.209 | 0.265 | 0.327 | 0.383 | 0.446 |
| Fibonacci | 0.146 | 0.191 | 0.219 | 0.265 | 0.31 | 0.338 | 0.383 |
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