ONDO Price Prediction: $2 Within Reach for the Charging Bull

ONDO price hovers near 20-day EMA; trend remains bullish

• The #ONDO price surged 103% in 20 days after forming a base near the $0.72500 support trendline.

• After reaching a high near $1.48290, the price dropped 18.51% within seven days due to resistance near $1.50000.

• Over the past few months, the token traded within a rising parallel channel, displaying a consistent upward movement.

• A Harami candle pattern has formed on the daily chart, indicating a potential early bull cycle.

• Currently, the ONDO price is trading with a long tail formation, awaiting a bullish close above $1.300.

• According to Coin Gabbar analysis, As per trend-based Fibonacci levels, a breakout rally could aim for the 2 Fibonacci level at $2.000.

• Conversely, news-based FUD could lead to a sell-off, potentially pushing the price down to $1.07000.

KEY LEVELS :

RESISTANCE LEVEL : $1.50000-$2.00000

SUPPORT LEVEL : $1.07000-$0.87000

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