After forming a base near $0.8800, ONDO's price rose by 50% to a high of $1.3300.
The ONDO price reached its all-time high (ATH) and has decisively held gains at the top.
The daily chart shows $ONDO trading within a Rising Channel Pattern.
ONDO faces resistance near the upper boundary of the rising channel on the daily chart, leading to a 16% retracement.
This retracement is forming a Bullish Flag pattern on the 4-hour chart.
According to Coin Gabbar analysis, If ONDO breaches this Bullish Flag pattern, it could push to a new high near $1.4000, aligning with the channel's upper trendline.
Conversely, if the channel breaks lower, ONDO could test $1.0700 and potentially drop to $0.9900.
KEY LEVELS :
RESISTANCE LEVEL : $1.50000-$2.00000
SUPPORT LEVEL : $1.07000-$0.87000
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.
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