Lokesh Gupta
25-05-2024
Over the last couple of months, ONDO's price has remained stagnant, moving within the confines of a descending triangle pattern.
#Ondo Finance ($ONDO) price experienced a breakout during Friday, following a period of ranging between $0.97 and $0.69 since mid-March.
Breaking through its previous all-time high (ATH) of $1.05, $ONDO witnessed a surge at the conclusion of the consolidation phase.
Maintaining a robust bullish trend from the outset, ONDO is presently trading within a rising parallel channel.
The daily chart reveals ONDO forming a Three White Soldiers Pattern, signaling a continuation of the ongoing rally.
According to Coin Gabbar analysis, If Ondo continues its current trajectory, it may encounter resistance around the $1.5 mark.
On the flip side, in the event of rejection, the price could potentially test lower support levels around $1.05 before finding a strong foundation to initiate a rebound.
KEY LEVELS :
RESISTANCE LEVEL : $1.50000-$2.00000
SUPPORT LEVEL : $1.00000-$0.70000
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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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