ONDO Rebounds to $1.05, ENA Stabilizes Near $0.58, Cold Wallet Presale Hits $5.7M

The cryptocurrency market has seen renewed activity in July, with several projects standing out amid the broader market’s fluctuating performance. ONDO, ENA, and Cold Wallet are now at the center of attention due to price movements, growing investor interest, and developments in their ecosystems [1].

ONDO has demonstrated strong price potential after rising to $1.05 in July. The token’s Total Value Locked (TVL) has surged to $1.376 billion, and derivatives trading volume has increased by 38.7%, suggesting growing confidence among traders. Following a brief correction from $1.13 to $0.94 during a broader market dip, ONDO rebounded quickly, showing strong on-chain demand at lower levels [1]. Analysts have speculated that if ONDO can break through the $1.13 resistance level, it may head toward $2, with some projecting a long-term target of $5.70 [1]. The current focus is on whether the token can maintain this bullish momentum and avoid retracing.

Meanwhile, ENA, the token of Ethena, is showing early signs of a potential recovery. After falling near $0.70, the token has bounced and is currently trading just above $0.579. Technical indicators suggest a reversal may be on the horizon, with a TD Sequential “9” appearing on the 4-hour chart. ENA has held its support at $0.5457, and any close above $0.578 could open the path to $0.63 and potentially a return to $0.70. However, a breakdown below the $0.5457 level could see the token retest $0.514 or even $0.478 [1].

Cold Wallet, a crypto wallet platform offering cashback rewards and a referral system, has raised over $5.7 million in its presale. The platform’s CWT token is currently in stage 16 of its presale at $0.00942, with a confirmed launch price of $0.3517. This implies a potential 3,707% return for early investors. Cold Wallet’s unique business model includes future staking rewards and passive income generation, making it an appealing long-term play. The recent $270 million acquisition of Plus Wallet has further expanded Cold Wallet’s user base and visibility [1]. As the presale progresses, each new stage increases the token price, reducing the window for entry at a lower cost.

The current market environment positions ONDO, ENA, and Cold Wallet as three of the most compelling crypto plays. ONDO’s strong TVL and derivatives volume support its bullish trajectory, while ENA’s technical signals hint at a potential reversal. Cold Wallet, on the other hand, offers not only price potential but also a transformative approach to crypto wallets, with real-world utility and growth through strategic acquisitions.

As the market continues to evolve, these three projects represent distinct opportunities: ONDO for near-term price action, ENA for a possible rebound in sentiment, and Cold Wallet for a longer-term value play. Investors tracking top-rated crypto assets will likely keep a close eye on these three names in the coming months [1].

Source: [1] ONDO Hits $1.05, ENA Hints at Rebound, & Cold Wallet Crosses $5.7M: Which Crypto Holds the Strongest Setup? (https://cryptofrontnews.com/ondo-hits-1-05-ena-hints-at-rebound-cold-wallet-crosses-5-7m-which-crypto-holds-the-strongest-setup/)