Contents
Ondo Forecast Statistics Data:
ONDO/USD Market
Ondo Price Prediction: Ondo (ONDO) Could Rise Above $1.50 Level
ONDO/BTC Could Rise
Alternatives to Ondo
Related News:
Ondo price prediction predicts a price increase of 7.80% in the last 24-hour trading, with the cryptocurrency reaching a daily high of $1.27.
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Ondo Forecast Statistics Data:
Ondo current price – $1.26
Ondo market value – $1.75 billion
Ondo circulating supply – 1.39 billion
Ondo total supply – 10 billion
Ondo CoinMarketCap ranking – #64
The ONDO token has seen remarkable growth, gaining +1403.38% since its all-time low of $0.08355 on January 18, 2024. The ONDO price reached a high of $1.48 on June 3, 2024, and is currently fluctuating between $1.12 and $1.27 over the last 24 hours. This impressive performance highlights the token’s significant growth potential, making it a key token to watch in the crypto space.
ONDO/USD Market
Basic Levels:
Resistance levels: $1.50, $1.60, $1.70
Support levels: $0.95, $0.85, $0.75
ONDOUSD – Daily Chart
ONDO/USD is currently in a significant uptrend that began after November 10. This upward momentum, triggered by a breakout of key resistance levels, was followed by several buying opportunities that led to higher valuations. In recent price action, ONDO has marked a significant turning point by breaking above the $1.10 level. At the time of writing, the move is shifting back to the upside as bulls return to the market.
Ondo Price Prediction: Ondo (ONDO) Could Rise Above $1.50 Level
If buyers can sustain the price above the 9-day and 21-day moving averages, Ondo price may need to reach and break the $1.30 resistance level. Meanwhile, despite the general uptrend, there is a significant resistance zone at $1.25, where the price has stalled. This level is historically significant and has created difficulties for ONDO to sustain its upward momentum. However, prevailing market dynamics, especially the pressure from Bitcoin’s price action and dominance, pose short-term risks to altcoins like ONDO.
In the short-term, ONDO/USD is likely to see some consolidation and pullback to the $1.10-$1.00 range. This pullback offers an attractive buy zone with the potential for a 12-21% drop from current price. However, on the upside, initial resistance is located at $1.35, while potential resistance levels are located at $1.50, $1.60, and $1.70. In other words, if the sellers push the price down and break below the 9-day and 21-day moving averages, the market price could find support at $0.95, $0.85, and $0.75 respectively.
ONDO/BTC Could Rise
Against Bitcoin, ONDO price is trading above the 9-day and 21-day moving averages. If the bulls increase pressure, Ondo price is likely to rise above the upper boundary of the channel. Meanwhile, from the upside, if the bulls push the coin above the upper boundary of the channel, the nearest resistance level is likely to be reached at 1400 SAT. Above this, higher resistance is located at 1550 SAT and above.
ONDOBTC – Daily Chart
On the other hand, if selling pressure creates a new low, lower support can be found at 1000 SAT and below. Therefore, the coin may also follow a sideways movement to give more buyers an opportunity to enter the market. However, the 9-day MA remains above the 21-day MA, suggesting that the market may be preparing for an uptrend.
However, @nology3000 informed his followers on X (formerly Twitter) that the bullish scenario has not yet materialized but is around 3 cents away from the target. If the forecast holds, $ONDO is expected to experience a prolonged wave 4 with a rejection around $3. He also stated that he has an ultra-bullish scenario in mind but will only share it if he has a reason to do so.
Alternatives to Ondo
The overall bullish sentiment for ONDO remains strong, with a breakout above $1.25 expected once market conditions stabilize. Consolidation is likely in the short term, with key support levels preventing major declines. A positive shift in broader market conditions, particularly in Bitcoin’s price and dominance, could trigger a rapid recovery and breakout for ONDO. Meanwhile, Pepe Unchained ($PEPU) has been gaining significant momentum in the meme coin space, raising a record-breaking $60 million during its ICO. This impressive funding round underscores strong investor confidence and sets $PEPU up for growth, especially with upcoming listings on major exchanges like Binance, Coinbase, or Robinhood.
ok$BTC
