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

Lokesh Gupta

May 18, 2024

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

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About the Author Lokesh Gupta

Research Analyst at coingabbar.com

Lokesh Gupta started his journey in financial markets 23 years ago and never looked back. From Forex to Comex, NSE, MCX, NCDEX, and now Crypto — he has seen it all. He holds an MBA in Finance and over the last 4 years, Bitcoin, Ethereum, Solana, XRP, and trending coins have become his main focus. People who follow his work say one thing — he keeps it real. No fancy language, no unnecessary complexity. Just honest market research that helps you understand what is happening and why it matters to your money.