Bullish ONDO price prediction for 2024 is $1.07157 to $2.05614.
Ondo (ONDO) price might reach $2 soon.
Bearish ONDO price prediction for 2024 is $0.32428.
In this Ondo (ONDO) price prediction 2024, 2025-2030, we will analyze the price patterns of ONDO by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency.
TABLE OF CONTENTS INTRODUCTION
Ondo (ONDO) Current Market Status
What is Ondo (ONDO) ?
Ondo (ONDO) 24H Technicals
ONDO (ONDO) PRICE PREDICTION 2024
Ondo (ONDO) Support and Resistance Levels
Ondo (ONDO) Price Prediction 2023 — RVOL, MA & RSI
Ondo (ONDO) Price Prediction 2024 — ADX, RVI
Comparison of ONDO with BTC, ETH
ONDO (ONDO) PRICE PREDICTION 2025, 2026, 2027-2030 CONCLUSION FAQ
Ondo (ONDO) Current Market Status
Current Price $0.681 24 – Hour Price Change 1.37% Down 24 – Hour Trading Volume $51.75M Market Cap $946.44M Circulating Supply 1.39B ONDO All – Time High $1.48 (On June 03, 2024) All – Time Low $0.08355 (On Jan 18, 2024)
ONDO Current Market Status (Source: CoinMarketCap) What is Ondo (ONDO) TICKER ONDO BLOCKCHAIN Ethereum CATEGORY Decentralized Finance LAUNCHED ON March 2024 UTILITIES Governance, Fast Transactions, gas fees & rewards
Ondo is a blockchain-based cryptocurrency network. Ondo provides an ONDO Ondo (ONDO) is a cryptocurrency that operates within the decentralized finance (DeFi) space, offering tokenized access to tangible assets. The platform enables investors to engage with institutional-quality securities, particularly those rooted in the U.S. market. As of now, Ondo has a total supply of 10 billion tokens, with a circulating supply of approximately 1.4 billion tokens. It aims to bridge the gap between traditional finance and DeFi by providing opportunities to invest in real-world assets through blockchain technology.
Ondo 24H Technicals
(Source: TradingView ) Ondo (ONDO) Price Prediction 2024
Ondo (ONDO) ranks 70th on CoinMarketCap in terms of its market capitalization. The overview of the Ondo price prediction for 2024 is explained below with a daily time frame.
ONDO/USDT Descending Channel Pattern (Source: TradingView )
In the above chart, Ondo (ONDO) laid out a Descending Channel. A descending channel, also known as a falling channel, is a bearish technical analysis pattern formed by two parallel downward-sloping trendlines. The upper trendline connects a series of high points, indicating resistance where the price struggles to rise above, while the lower trendline connects the lower points, acting as support.
This pattern suggests that sellers are in control, with the price consistently making lower highs and lower lows. Traders often look to sell near the upper trendline and buy near the lower trendline, as the price typically oscillates within this defined range. Overall, the descending channel helps traders identify potential shorting opportunities and assess market sentiment.At the time of analysis, the price of Ondo (ONDO) was recorded at $0.6667. If the pattern trend continues, then the price of ONDO might reach the resistance level of $0.86934 and $1.46373. If the trend reverses, then the price of ONDO may fall to the support of $0.87808, and $0.55952.
Ondo (ONDO) Resistance and Support Levels
The chart given below elucidates the possible resistance and support levels of Ondo (ONDO) in 2024.
ONDO/USDT Resistance and Support Levels (Source: TradingView )
From the above chart, we can analyze and identify the following as resistance and support levels of Ondo (ONDO) for 2024.
Resistance Level 1 $1.07175 Resistance Level 2 $2.05614 Support Level 1 $0.55818 Support Level 2 $0.32428
ONDO Resistance & Support Levels Ondo (ONDO) Price Prediction 2024 — RVOL, MA, and RSI
The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Ondo (ONDO) are shown in the chart below.
ONDO/USDT RVOL, MA, RSI (Source: TradingView )
From the readings on the chart above, we can make the following inferences regarding the current Ondo (ONDO) market in 2024.
INDICATOR PURPOSE READING INFERENCE 50-Day Moving Average (50MA) Nature of the current trend by comparing the average price over 50 days 50 MA = $0.68622Price = $0.68477(50MA > Price) Bearish/Downtrend Relative Strength Index (RSI) Magnitude of price change;Analyzing oversold & overbought conditions 45.69<30 = Oversold50-70 = Neutral>70 = Overbought Oversold Relative Volume (RVOL) Asset’s trading volume in relation to its recent average volumes Below cutoff line Weak volume
Ondo (ONDO) Price Prediction 2024 — ADX, RVI
In the below chart, we analyze the strength and volatility of Ondo (ONDO) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI).
ONDO/USDT ADX, RVI (Source: TradingView )
From the readings on the chart above, we can make the following inferences regarding the price momentum of Ondo (ONDO).
INDICATOR PURPOSE READING INFERENCE Average Directional Index (ADX) Strength of the trend momentum 17.32502 Weak Trend Relative Volatility Index (RVI) Volatility over a specific period 41.56<50 = Low>50 = High Low volatility
Comparison of ONDO with BTC, ETH
Let us now compare the price movements of Ondo (ONDO) with that of Bitcoin (BTC), and Ethereum (ETH).
BTC Vs ETH Vs ONDO Price Comparison (Source: TradingView )
From the above chart, we can interpret that the price action of ONDO is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of ONDO also increases or decreases respectively.
Ondo (ONDO) Price Prediction 2025, 2026 – 2030
With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Ondo (ONDO) between 2025, 2026, 2027, 2028, 2029, and 2030.
Year Bullish Price Bearish Price Ondo (ONDO) Price Prediction 2025 $5.2 $0.5 Ondo (ONDO) Price Prediction 2026 $5.4 $0.4 Ondo (ONDO) Price Prediction 2027 $5.6 $0.3 Ondo (ONDO) Price Prediction 2028 $5.8 $0.2 Ondo (ONDO) Price Prediction 2029 $6 $0.1 Ondo (ONDO) Price Prediction 2030 $6.2 $0.09
Conclusion
If Ondo (ONDO) establishes itself as a good investment in 2024, this year would be favorable to the cryptocurrency. In conclusion, the bullish Ondo (ONDO) price prediction for 2024 is $1.05614. Comparatively, if unfavorable sentiment is triggered, the bearish Ondo (ONDO) price prediction for 2024 is $0.32428.
If the market momentum and investors’ sentiment positively elevate, then Ondo (ONDO) might hit $3. Furthermore, with future upgrades and advancements in the Ondo ecosystem, ONDO might surpass its current all-time high (ATH) of $1.48 and mark its new ATH.
FAQ
1. What is Ondo (ONDO)?
Ondo is a blockchain-based cryptocurrency network. Ondo provides an ONDO Ondo (ONDO) is a cryptocurrency that operates within the decentralized finance (DeFi) space, offering tokenized access to tangible assets.
2. Where can you purchase Ondo (ONDO)?
Ondo (ONDO) has been listed on many crypto exchanges, which include KuCoin, Gate.io, Bybit, Coinbase, Crypto.com, Coinone, and Indodax.
3. Will Ondo (ONDO) reach a new ATH soon?
With the ongoing developments and upgrades within the Ondo platform, ONDO has a high possibility of reaching its ATH soon.
4. What is the current all-time high (ATH) of Ondo (ONDO)?
On June 03, 2024, Ondo (ONDO) reached its new all-time high (ATH) of $1.48.
5. What is the lowest price of Ondo (ONDO)?
According to CoinMarketCap, ONDO hit its all-time low (ATL) of $0.08355 on January 18, 2024.
6. Will Ondo (ONDO) reach $3?
Ondo (ONDO) is one of the active cryptos that continues to maintain its bullish state. Eventually, if this bullish trend continues then Ondo (ONDO) will hit $3 soon.
7. What will be Ondo (ONDO) price by 2025?
Ondo (ONDO) price is expected to reach $5.2 by 2025.
8. What will be Ondo (ONDO) price by 2026?
Ondo (ONDO) price is expected to reach $5.4 by 2026.
9. What will be Ondo (ONDO) price by 2027?
Ondo (ONDO) price is expected to reach $5.6 by 2027.
10. What will be Ondo (ONDO) price by 2028?
Ondo (ONDO) price is expected to reach $5.8 by 2028.
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Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.
