ONDO Prediction: Can ONDO Rekindle the Flame and Reach $1.50

31-05-2024 By: Lokesh Gupta
ONDO Prediction: Can ONDO Rekindle the Flame and Reach $1.50

ONDO price sustains high, maintaining a bullish outlook

  • After forming a base near $0.8800, ONDO's price rose by 50% to a high of $1.3300.

  • The #ONDO price reached its all-time high (ATH) and has decisively held gains at the top.

  • The daily chart shows $ONDO trading within a Rising Channel Pattern.

  • $ONDO faces resistance near the upper boundary of the rising channel on the daily chart, leading to a 16% retracement.

  • This retracement is forming a Bullish Flag pattern on the 4-hour chart.

  • According to Coin Gabbar analysis, If ONDO breaches this Bullish Flag pattern, it could push to a new high near $1.4000, aligning with the channel's upper trendline.

  • Conversely, if the channel breaks lower, ONDO could test $1.0700 and potentially drop to $0.9900.

KEY LEVELS :

RESISTANCE LEVEL : $1.50000-$2.00000

SUPPORT LEVEL : $1.07000-$0.87000

Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.

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