ODOS Token Holds Key $0.0042 Support in Descending Wedge Pattern
Odos (ODOS) was trading at $0.00434 at the time of writing, reflecting a downward movement of 1% over the last 24 hours, according to CoinMarketCap data. The token has oscillated between $0.004275 and $0.004445 during the same period, signaling intraday volatility but within a narrow range.
On the other hand, market capitalization sits at $8.96 million, with an unlocked market cap of $9.41 million. Fully diluted valuation (FDV), taking into account the entire issuance of 10 billion tokens, is thrusting beyond $43.38 million. Its 24-hour trading volume is $3.03 million, down by 18% compared with the day prior.
The volume-to-market cap ratio is 33.87%, showing fairly active turnover in relation to liquidity size. Liquidity exists notwithstanding a recent decline in trading activity.
Supply and Holder Base
ODOS has a total and maximum supply of 10 billion tokens, removing the risk of inflation through future issuance. Currently there are approximately 2.06 billion tokens in circulation which corresponds to 20.6 percent of the maximum supply.
The token is spread to 358,480 wallets, which indicates a relatively widespread distribution of holders. Nevertheless, the price action may be affected by the relatively high discrepancy between the circulating supply and the total supply, and extra unlocks could further affect the prices.
Moreover, ODOS reached an all-time high of $0.05164 on December 20, 2024. This represents a fall in price of 92% against that highest price.
The lowest price was recorded on December 20, 2024, when its value was $0.002358, making it sell at a significant gain of 83.26% above its lowest point. This shows that while ODOS has lost ground from its peak, it remains above its historical bottom.
Technical Chart Structure
On the daily chart, ODOS is consolidating inside a descending wedge pattern, with multiple tests of support at $0.0042–$0.0043. In the short term, resistance areas are around $0.0060 and, at higher prices, around $0.0110-$0.0130. This pattern observes a squeezing action while the price remains close to the lower boundaries of the structure.
Meanwhile, the RSI sits at 42, and its signal line lies at 44. Both values fall below the standard midpoint of 50, indicating weak momentum but not oversold conditions.
The MACD (12, 26) shows the MACD line being of -0.000123 and the signal line of -0.000118 with a flat histogram. This is a setup for almost non-existent momentum, with no clear direction.
Role of the Odos Protocol
Odos operates as a DeFi aggregator that routes swaps across multiple chains and liquidity pools to secure efficient pricing. The ODOS token powers governance and rewards, with holders able to vote on proposals and users earning token rebates for eligible activities.
The protocol embraces various blockchains, such as Ethereum, Arbitrum, Polygon, BNB Chain, Optimism, Avalanche, zkSync Era, Mantle, Base, Mode, Fantom, and Linea. Its bypass engine can route a single trade into smaller orders and across pools, in an effort to mitigate slippage.
Developers can use the Odos API to integrate optimized routing into external applications. This enables both institutional and retail since they are able to access aggregator tools.
Market Standing
ODOS trades actively on centralized exchanges such as MEXC, where the ODOS/USDT pair recorded more than $208,000 in volume in the past 24 hours. The token can be found on Bybit and Ourbit, too.
Over the past seven days, ODOS has slipped 0.70%. Compared to that, the rest of the crypto market dropped 1.00 with DeFi-oriented tokens advancing 0.30.
Odos continues to position itself in decentralized finance through multi-chain liquidity routing, smart order execution, and DAO-based governance. The current price levels are an indication of consolidation since the market activities are adjusting to the exertion of supply and demand.
