#ONDO : Possible Scenarios ( #Bitcoin Pressure)

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ONDO has experienced significant growth, increasing by 80% in the last 11 days. Despite the bullish trend, it's essential to consider bearish scenarios, as the market situation remains bullish and ONDO's volume has been dropping. ONDO still reacts to Bitcoin's movements, and new volume is expected to enter the markets in the next 24 hours. The primary support level for ONDO is between 1.2 and 1.25, and it's likely that ONDO will regain momentum and break above the resistance levels of 1.132 and 1.35, aiming for a price target around 1.45-1.5. Watching for a breakout after ONDO hits the resistance or support levels is suggested, using the recent price action between 1.15 and 1.05 as an example. If Bitcoin turns very bearish in the next 24 to 36 hours, there is a potential drop for ONDO to around 1.05, based on its history. It's advised to wait for confirmation before making decisions, expecting a bullish confirmation if ONDO breaks above 1.32, but also keeping an eye on bearish confirmations.

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#altcoins #Trading #buythedip $BTC $ONDO