Over the last couple of months, ONDO's price has remained stagnant, moving within the confines of a descending triangle pattern.
Ondo Finance (ONDO) price experienced a breakout during Friday, following a period of ranging between $0.97 and $0.69 since mid-March.
Breaking through its previous all-time high (ATH) of $1.05, $ONDO witnessed a surge at the conclusion of the consolidation phase.
Maintaining a robust bullish trend from the outset, ONDO is presently trading within a rising parallel channel.
The daily chart reveals ONDO forming a Three White Soldiers Pattern, signaling a continuation of the ongoing rally.
According to Coin Gabbar analysis, If Ondo continues its current trajectory, it may encounter resistance around the $1.5 mark.
On the flip side, in the event of rejection, the price could potentially test lower support levels around $1.05 before finding a strong foundation to initiate a rebound.
KEY LEVELS :
RESISTANCE LEVEL : $1.50000-$2.00000
SUPPORT LEVEL : $1.00000-$0.70000
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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