Arthur Hayes Secures $37 Million from ONDO Transactions
Massive ONDO Transfers: In the last 10 hours, a Gnosis Safe Proxy wallet deposited 26.28 million ONDO tokens (worth $24.7 million) into exchanges, with $6.19 million going directly to Arthur Hayes' Bybit wallet, totaling $37.56 million in transfers to his wallet over the past month.
Market Implications: The large inflows to exchanges may indicate potential sell-side pressure, leading to short-term volatility in ONDO's price, while the strategic use of these tokens could have less bearish long-term implications.
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Technical Analysis for SAFE
Technical Sentiment Analysis for Safe (SAFE) As of , Safe (SAFE) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 2 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for SAFE 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, SAFE 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 $-.
Safe (SAFE) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0482 | 0.0688 | 0.0887 | 0.109 | 0.129 | 0.15 | 0.17 |
| Fibonacci | 0.0688 | 0.0843 | 0.0938 | 0.109 | 0.125 | 0.134 | 0.15 |
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