#Ondo Price Holds Above Its Important Support Level
After recording a drop of approximately 40% over the past 30 days. The Ondo price has successfully regained momentum and has added over 6% to its portfolio in a day. Moreover, with a market capitalization of $986.45 million, it has secured the 66th position in the global crypto list.
The MACD has recorded a constant green histogram, in the 1D time frame. Furthermore, the averages have experienced a bullish convergence, highlighting a positive outlook for the ONDO price during the upcoming time.
If the market holds the Ondo price above its support level of $0.6970. The bulls will regain momentum and prepare to test its resistance level of $0.9845. Negatively, if the bears dominate the crypto space, the altcoin will retest its low of $0.44390.
