Binance Coin (BNB), Celestia (TIA), and ONDO

How are the coins? Are Binance Coin (BNB), Celestia (TIA), and Ondo Finance (ONDO) performing in the cryptocurrency market? Let’s take a look at the price performance and the latest news related to it in this article.

BNB: Recovery and future prospects between resistance and decline

After the significant rise in altcoins, incl Binance (BNB) coin, it seems that the market has finished the correction phase.

Currently, BNB is solidly higher $700, But it began to witness a slight decline after encountering significant resistance.

BNB opened the year with positive momentum, recording a notable recovery from the recent bottom. Just yesterday, the cryptocurrency reached $745, supported by a promising start to the week.

However, this level represented a barrier for buyers, causing the price to fall to a potential support level at $716. Holding this level may revive buyers’ interest and keep the uptrend intact.

Volatility is currently decreasing, allowing buyers to reorganize. However, the outlook remains positive in the long term. It is reasonable to expect a Purchase refunds With stabilization of the patch.

From a technical point of view, a monthly close above the previous high could trigger a new bullish cycle.

After rising from $400 recorded in August 2024, BNB has shown steady growth and appears to be preparing for a more significant move.

Breaking above the key level of $800 could represent a crucial turning point, with subsequent targets at $761 and $793.8.

In the event of a decline, $700 would represent a Critical defense zone. A potential loss of this level could push the price towards $683, $642, and finally $600, which is considered a strategic support.

Celestia: Impact of the Ginger update on the TIA market

The last ginger The Celestia Update (TIA) doubled the available data capacity, improving L2 transaction management Ethereum (ETH). This development has proven effective, with a significant increase in performance.

Dan Smithan analyst at Blockworks, highlighted a five-fold increase in Celestia’s productivity compared to what it was before the upgrade. According to Smith:

“Celestia reached a new all-time high yesterday, with 11.85GB of data published, coming largely from EclipseFND. It handled five times more data volume than Ethereum blobs, and at a 99.6% lower cost per MB.”

Celestia, the industry leader in Data Availability (DA) for ETH L2 transactions, offers a scalable and low-cost solution for off-chain data storage and verification. This positions the platform as a preferred choice for other second-level transactions.

Despite technological advancements, the original TIA token has experienced downward pressure. Market sentiment and social interest declined, bringing interest levels back to those before the November spike.

As a result, TIA lost nearly 50% from its peak, and fell from… $9.2 to $4.3 With temporary support in the previous range.

The bearish RSI and capital outflows detected by the CMF indicate weak demand. If technical parameters do not improve, it is possible that the TIA will fall below the average range.

However, an upward breakout could push the price to $7.3, offering a potential gain of 60%.

ONDO cryptocurrency price compared to Binance Coin and Celestia

One entity has returned to the Ondo (ONDO) pool, investing $7.87 million Through five wallets after just one week of selling.

The largest purchase saw an investment of 2.46 million USDT to acquire 1.64 million ONDO, highlighting renewed confidence in the token.

Currently, ONDO is trading at $1.43, down 2.15% over the past 24 hours, as traders monitor upcoming developments.

The token is at a crucial stage, trying to maintain support between $1.40 and $1.50 After pulling back from the $2.00 high earlier this month. The resistance at $1.79 represents a major hurdle: a breakout could push the price towards $2.30.

On the contrary, a break of the support may push ONDO to test the $1.20 level, paving the way for a… My back rib.

Address activity reflects mixed feelings: new registrations increased by 0.72%, but active addresses decreased by 6.73%.

However, high-value transactions have grown significantly, with an increase of 156.73% for those between $10,000 and $100,000, and 100% for those over $1 million, indicating a Growing interest From institutional investors.

With the RSI STOCH oversold at 3.76 points and the MACD showing a decline in downward momentum, ONDO could see a rebound.

Supported by strategic accumulations and increasing institutional activity, the token appears poised for a potential rally above $2.00 in the coming weeks.