Altcoin Sherpa, a popular trader and analyst, is sharing an update on a medium-cap cryptocurrency that has seen explosive growth since January. Known by his pseudonym, Altcoin Sherpa informs his 217,100 followers on X that the utility token of Ondo Finance (ONDO), a crypto project focused on tokenizing real-world assets (RWAs), remains one of the strongest coins in the market.

Altcoin Sherpa notes that ONDO has recently bounced off a key support level, indicating the strength of its uptrend. Analyzing the charts, it is evident that ONDO has rebounded from the 0.382 Fibonacci retracement level, a significant point of support or resistance based on Fibonacci numbers. Additionally, ONDO has consistently remained above the 200 exponential moving average (EMA) on the four-hour chart for over three weeks.

As of the latest data, ONDO is trading at $1.31, marking a remarkable 1,469% increase from its low of $0.0822 on January 18th. Shifting focus to Solana (SOL), Altcoin Sherpa predicts that SOL will continue to trade within a range of $185 to $120, experiencing a period of consolidation after a significant price surge.

At present, Solana is priced at $150. For more updates and insights, subscribe to receive email alerts and follow Altcoin Sherpa on X, Facebook, and Telegram. Remember to conduct thorough research before engaging in high-risk investments in Bitcoin, cryptocurrency, or digital assets. All trading activities are at your own risk, and losses incurred are your responsibility. The Daily Hodl does not provide investment advice or act as an investment advisor. Please be aware that affiliate marketing may be present on The Daily Hodl platform.