Ondo Price Prediction:

ONDO’s price has so far risen over the weekend and the same gains continued into the early hours of Monday. However, as the project hit its ATH earlier, it has entered uncharted territory and it is difficult to know its limitations as there is no historical data to indicate what might happen next.

In such situations, traders and investors tend to use technical indicators such as Bollinger Bands. Currently, the range is the widest it has been in the past week, which is a bullish sign.

However, it is never wise to rely on a single technical indicator and one should try to see how other indicators perform. For example, Ondo’s Relative Strength Index (RSI) value suggests that buying power is declining and traders started taking profits after the RSI score hit the overbought zone.

This could be the reason why the price has dropped slightly from its ATH and why the RSI score has dropped from 71.60 a few hours ago to 61.67 – closer to the neutral zone. However, the bullish sentiment surrounding the coin is still very strong and traders may buy on dips before long, pushing the price higher again.

Currently, the $1 resistance is obviously a huge obstacle, but Ondo has successfully broken through once, and with enough buying pressure, it may try again in the next few hours. In addition, its price has strong support at $0.90, but stronger support is at $0.80.

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