ONDO Price Prediction: Inches Closer to ATH: Eyeing $2 Next?

Ondo Finance TVL hits $420.89M, up 20% in May, 40% monthly

• Ondo Finance form a base near $0.72000, also at the 61.80% Fibonacci level, while trading close to its all-time high.

• #Ondo Finance Yesterday, ONDO broke out of a consolidation zone between the 61.80% and 78.60% Fibonacci levels, signaling a potential new all-time high.

• Ondo Finance's native token, ONDO, has broken out of a Bullish Pennant pattern, indicating a potential bullish rally.

• ONDO token price is steadily approaching its all-time high, forming strong bullish candles on the daily chart.

• Over the last 4 days, consistently green candles have been formed with a rise of 36%.

• According to Coin Gabbar analysis, If bulls break the all-time high, a rally could ensue, potentially propelling Ondo to $1.5 in a brief period.

• Failure to surpass the all-time high could lead to the formation of a Double Top pattern for Ondo Finance, potentially triggering a decline towards $0.99000.

KEY LEVELS :

RESISTANCE LEVEL : $1.50000-$2.00000

SUPPORT LEVEL : $0.55000-$0.35000

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.