While Crypto Market Slips Stargate(STG), Ondo Finance, Canton (CC) Turn To Be Gainers

The post While Crypto Market Slips Stargate(STG), Ondo Finance, Canton (CC) Turn To Be Gainers appeared first on Coinpedia Fintech News

Friday, 27 March, The Cryptocurrency market turned red amid the ongoing geopolitical uncertainties over risky assets. Bitcoin lost its $70,000 strong region and slipped below to the $67,000. Ethereum, Solana, and major cryptocurrencies face decline. 

In this bearish crypto trend, a few altcoins, Stargate(STG), Ondo Finance, Canton, LayerZero, and Chillz network moved bullish. Their price action, fundamentals, and community sentiments still point towards continued upward momentum. 

STG Coin Looks Strong 

Stargate Finance, STG, hit a yearly high today at $0.2818 after the announcement of being acquired by LayerZero. STG can now be supplemented directly with ZRO with a 1:1 ratio.  

Currently trading at $0.2794 with 52% surge in 24 hours and a 24-hour trading volume growth of massive 724%, a 40%-45% surge in 2h. STG coin also experiences activity in both Spot and features, and the TVL too remained near neutral at $1.2 m.

STG/USDT 4-hour chart shows the price spiked long out of the upward channel, and also near the second bar of ascending resistance. 

The price now is above all the Fibonacci and EMA’s, the RSI at 80 is in the overbought zone with trend sidelined, not declined. 

With the social media sentiment, increasing volume SGT shows sideways movement for a few sessions and makes higher highs and higher lows. If Sertup goes right $0.3 is a psychological resistance. 

If the trend is reversed, we have support levels at $0.25 and $ 0.17. 

ONDO loses strength midway 

Ondo Finance surged today to a high of $0.289 and is currently trading at $0.268 with 24h rally of 4.81%. This growth came after its partnership announcement with Franklin Templeton.

The Partnerships yield tojenoce 5 of Franklin’s tokens on the Ondo Global Markets platform. Later, the ETF will be made available to the US market with Defi usability.

ONDO/USDT 4-hour chart shows the price action in a slightly down-facing channel, where $0,29 acting as a strong resistance zone.

The short-term picture for Ondo coin looks constructive as the price sits above SMA-20 and SMA-50 at $0.2604, and the Ichimoku Kijun at $0.2664 adds a support level just below. 

The RSI is at 55 in corrective mode. The Average Directional Index ( ADX) shows the Ondo coin trend is loosening but facing upwards. A 2 candle close above $0.2753 will trigger buyers again. 

In case of invalidation, $0.2388 is at the lower Support 

Canton, CC, needs a push. 

Canton network’s native coin, Canton(CC), is among the gainers’ list in this negative market momentum. The crypto surged to the daily high of $0.147 from a low of $0.134. This surge was due to the news of Visa becoming a Canton super validator. 

As seen on CC/USDT, Canton is moving in a downward triangle channel pattern with a strong support at $0.1415 and resistance at $0.1483. RSI is sitting at 50 neutral, with neutral momentum. Watch for the trend confirmation of a close above $$0.1483.