Lokesh Gupta
18-05-2024
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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Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
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