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Ondo Finance (ONDO) price up 10% as bulls target $1

  • Ondo Finance (ONDO) price has surged 10%, eying a breakout above $0.93
  • LayerZero has joined Ondo’s Global Markets Alliance.
  • Rising volume and TVL signal strong bullish momentum.

Ondo Finance (ONDO) is gaining strong upward momentum as bullish sentiment sweeps through the market, pushing the token up by more than 10% in the past 24 hours.

The price surge comes amid rising interest in real-world asset (RWA) tokenisation and growing investor confidence in Ondo’s broader strategic initiatives.

The ONDO token is currently trading at $0.929, recovering from a low of $0.8401 within the last 24 hours, and now hovering near the critical $0.93 breakout zone.

With bullish pressure building and higher lows consistently forming on the chart, traders are closely watching for a decisive move above resistance that could clear the path toward the psychologically significant $1 level.

ONDO has reclaimed key levels as bulls tighten grip

After briefly dipping below the $0.85 level earlier this week, Ondo Finance (ONDO) has bounced back with conviction, reclaiming and holding above the $0.90 mark.

This rebound is seen as a clear signal of strength, especially as the price consolidates near the upper end of its recent trading range.

The current rally has seen ONDO surge from a weekly low of $0.7668 to test $0.9279, marking a robust 19.4% gain over the past seven days.

Although the token remains about 56% below its all-time high of $2.14, reached in December 2024, the present momentum is driving renewed optimism among traders eyeing short-term breakout targets.

Market analysts suggest that if ONDO clears the $0.93 resistance with strong volume, the next likely targets are between $0.9350 and $0.9500.

While the price faces minor hurdles along the way, the formation of higher lows coupled with rising volume indicates that bulls remain firmly in control.

Strong fundamentals fuel investor optimism

While price action continues to attract traders, ONDO’s fundamentals are playing an equally vital role in reinforcing confidence.

The token currently holds a market cap of approximately $2.93 billion, with a fully diluted valuation of over $9.28 billion, highlighting its growing significance in the broader DeFi ecosystem.

Recent updates from Ondo Finance also point to strategic moves designed to strengthen its global position.

Notably, the project announced that LayerZero, a leading interoperability protocol supporting more than 130 blockchains, has joined its Global Markets Alliance.

This partnership enhances Ondo’s goal of bringing traditional financial markets on-chain and enabling cross-chain asset issuance at scale.

According to the team, seamless connectivity across blockchains is no longer optional—it’s essential in modern global finance.

Rising Ondo Finance TVL signals show growing interest

Apart from price action and partnerships, other metrics further reflect ONDO’s rising profile. The platform now boasts over $1.39 billion in total value locked (TVL), which reinforces the depth of capital flowing into its ecosystem.

Additionally, with a 24-hour trading volume of nearly $292 million, ONDO is seeing increased liquidity and engagement from both retail and institutional participants.

This level of market activity often serves as a precursor to strong price breakouts, particularly when combined with bullish chart setups and fundamental strength.

Bulls are targeting the $1 milestone as the next major test

As Ondo Finance (ONDO) hovers near the $0.93 resistance zone, the stage is set for a potential breakout that could carry the token to new local highs.

A clean move above this level, backed by volume and sustained buying, could put the $1 psychological target well within reach.

However, traders will be closely watching whether the $0.8900 support level can hold if momentum stalls.

Should the token maintain its current structure, a continued push higher appears likely in the coming sessions.

With strong fundamentals, growing alliances, and increasing market interest, ONDO remains one of the standout tokens to watch in the RWA and DeFi space this week.

The post Ondo Finance (ONDO) price up 10% as bulls target $1 appeared first on CoinJournal.

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Why is ZK proof altcoin Lagrange (LA) dropping amid a rally in crypto market

  • Lagrange (LA) drops 22% despite Binance listing and market rally.
  • LA price currently hovers near key support at $0.3902 after a sharp correction.
  • The recent price drop follows June’s 216% surge after Coinbase listing.

Lagrange (LA), a zero-knowledge proof altcoin designed to power advanced blockchain computations, is experiencing a sharp price decline even as broader crypto markets enjoy a bullish momentum.

The downturn comes at a time when major coins like Bitcoin (BTC) and Ethereum (ETH) are climbing, leaving investors wondering why Lagrange is bucking the trend so dramatically.

Although the project has been praised for its cutting-edge infrastructure, recent events seem to be reshaping market sentiment around the LA token.

Binance listing triggered unexpected sell-off

Just days ago, Binance, the world’s largest crypto exchange, announced its official support for Lagrange (LA), listing the token on several of its services, including Binance Simple Earn, Convert, Margin, and Buy Crypto.

Contrary to expectations, the news did not boost LA’s price; instead, it marked the beginning of a rapid downturn, with the asset plummeting from a seven-day high of $0.676 on July 9 to $0.416 within 24 hours.

This decline continued into July 11, as Lagrange (LA) shed an additional 12.2% in daily trading, settling at $0.3996 despite the high trading volume of over $164 million.

While exchange listings typically trigger price surges, some analysts suggest that the Binance announcement may have encouraged profit-taking from traders who had anticipated the news.

A brutal 7-day correction

The recent 7-day trend has not been kind to Lagrange, with its price tumbling by over 22%, placing it near a key support zone between $0.3902 and $0.4554.

Lagrange price chart

With broader market sentiment remaining positive, LA’s decline is unusual and hints at token-specific dynamics at play rather than market-wide weakness.

Currently, the altcoin is hovering just above a crucial technical level at $0.3902, and failure to hold this support could lead to further downside.

However, if buyers manage to regain control, analysts say a short-term rebound toward $0.4800 or even $0.5000 remains within reach.

Notably, the decline follows a recent rally in June, when LA surged by over 216% after being listed on Coinbase, rising from $0.253 to $1.50 in just a day.

That spike, while impressive, may have set the stage for a correction, especially with the token hitting an all-time high of $1.72 on June 6 before reversing course.

Since then, LA has dropped nearly 77% from its peak, creating growing concerns among traders about the sustainability of its gains.

This rapid boom-and-bust cycle has made LA a volatile token to watch, particularly for short-term traders navigating resistance and support zones.

Where does Lagrange (LA) go from here?

While Lagrange’s recent price trajectory is troubling for holders, the asset is approaching technical levels that could invite fresh buying interest.

Should Lagrange (LA) maintain support above $0.3900, there is potential for a modest rebound in the short term, particularly if positive momentum from the broader market spills over.

On the other hand, a breakdown below this level could lead to increased selling pressure, potentially pushing the token toward new lows.

For now, investors are advised to watch market signals closely and weigh the risks of volatility against the project’s strong technological foundation.

The post Why is ZK proof altcoin Lagrange (LA) dropping amid a rally in crypto market appeared first on CoinJournal.

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Ethereum races past $3,000 for first time in 5 months amid ETF surge and treasury boost

  • Ethereum (ETH) surged past $3,000 for the first time in five months, gaining nearly 9% in 24 hours.
  • BlackRock’s ETHA ETF posted record daily inflows of $300.9 million, leading a $383.1 million day for U.S. spot ETH ETFs.
  • SharpLink Gaming purchased 10,000 ETH from the Ethereum Foundation, boosting its treasury to over $550 million.

Ethereum (ETH), the world’s second-largest cryptocurrency by market capitalization, has reclaimed the $3,000 mark for the first time in five months, buoyed by bullish momentum across the broader crypto market.

The token is currently trading at $3,055, up nearly 8% in the past 24 hours.

ETH last traded above $3,000 on February 2, before undergoing a sharp correction that saw it fall to as low as $1,387 in April.

That decline followed heightened market uncertainty surrounding former President Donald Trump’s “Liberation Day” tariff announcement.

While Ethereum’s recovery has been notable, it still trails Bitcoin’s (BTC) performance and remains about 38% below its all-time high of $4,878 set in November 2021.

In contrast, BTC recently reached new record highs, helping to lift the entire cryptocurrency sector.

Record inflows into Ethereum ETFs

A major driver behind ETH’s recent surge is renewed institutional interest, particularly via spot Ethereum exchange-traded funds (ETFs).

BlackRock’s iShares Ethereum ETF (ETHA) saw a record-breaking $300.9 million in net daily inflows on Thursday as ETH neared the $3,000 threshold.

That marked the fund’s strongest day since its launch and pushed its five-day inflow total to $623.4 million.

The previous record stood at $292.7 million on December 5, 2024.

Overall, US-listed spot Ethereum ETFs brought in a combined $383.1 million in net inflows on Thursday.

Fidelity’s FETH added $37.3 million, followed by Grayscale’s ETH and ETHE with $20.7 million and $18.9 million, respectively.

Bitwise’s ETHW and VanEck’s ETHV recorded $3.2 million and $2.1 million in inflows.

“We have a new daily inflow record for iShares Ethereum ETF… $300+mil,” noted Nate Geraci, president of NovaDius Wealth Management, on X (formerly Twitter).

Bloomberg Senior ETF analyst Eric Balchunas also highlighted that ETHA had logged record daily trading volumes of over $800 million on both Wednesday and Thursday, forecasting “chunky” inflow data, which the latest figures confirmed.

SharpLink deepens ETH treasury with foundation purchase

Further supporting Ethereum’s bullish backdrop, Nasdaq-listed SharpLink Gaming (SBET) disclosed a significant over-the-counter ETH acquisition from the Ethereum Foundation.

The Minneapolis-based firm purchased 10,000 ETH for $25.7 million, executed at a price of $2,572.37 per coin on July 10.

This brings SharpLink’s ETH holdings to approximately 215,634 coins, valued at around $558 million at current market prices.

The transaction positions SharpLink as the second-largest corporate holder of ether, with the company signaling ongoing support for the Ethereum ecosystem.

“SharpLink is acquiring, staking, and restaking ETH as responsible industry stewards,” said Chairman and Ethereum co-founder Joseph Lubin, emphasizing the firm’s efforts to remove supply from circulation and strengthen the network’s decentralization.

SharpLink began shifting its balance sheet toward ether in early June, financing the initiative through at-the-market share sales.

The company raised up to $425 million in a private placement led by Consensys, Lubin’s crypto infrastructure firm.

While the Ethereum Foundation has previously sold ETH from its treasury, direct transactions with publicly listed companies are rare, making this deal a notable development in institutional crypto adoption.

The post Ethereum races past $3,000 for first time in 5 months amid ETF surge and treasury boost appeared first on CoinJournal.