Rekt Capital analyzed Near Protocol and ONDO price paths in the latest edition of their newsletter. The analyses show the price activities of these tokens and key levels to watch for significant movement.

The crypto analyst observes that Near Protocol needs to close its monthly candle above the $4.36 price level to establish a favorable trajectory toward the blue macro downtrend. 

Currently, NEAR is showing signs of potentially losing this level as support.

Read Also: Why FET Price Correction Might Not Be Over

The analyst notes that NEAR price has rebounded strongly from the blue level of $3.65, evidenced by a long downside wick, indicating a volatile retest of that level. 

If the monthly close occurs below the black $4.36 level, NEAR may turn this level into new resistance in September. Such a shift in technical dynamics could lead the price to follow the red path over time.

ONDO’s Resistance and Key Levels to Watch for Future Movement

The crypto analyst notes that for several weeks, ONDO has been turning the light blue level of $0.74 into new resistance. This marks a significant shift from its previous successful retesting of the same level as support from March to May. 

At that time, ONDO price maintained the light blue $0.74 level as support for weeks, but the current situation suggests a potential additional downside for ONDO.

In the monthly timeframe, the analyst mentioned that a monthly close below the light blue level could indicate further declines toward the black levels over time. 

Read Also: Here Are Major Events in September That Might Affect Bitcoin and Crypto Prices

Conversely, if the monthly close is below the light blue level, a bounce might occur, flipping this level into new resistance in September, which could lead to continued downside towards the black levels.

To preserve the range between $0.74 and $0.97, ONDO needs a monthly close above the light blue level. However, the analyst observes that it currently appears that ONDO may be losing this range, with the monthly close being crucial for confirmation.

Next Meme Coin to Explode? Look No Further If You Are Looking for the Next PEPE or POPCAT

Meet PandaWorld, the new meme coin currently selling at discounted presale prices! The project was inspired by the adventures of six panda siblings, utilizing their unique abilities to bring together gaming, staking, and other features.

Show more +Show less –

Captain just hit his first 100x among a lot 2-5xs. Want to be a part of a profitable community?Get all our future calls by joining our FREE Telegram group.

We recommend eToro

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more Visit eToro Now Active user community and social features like news feeds, chats for specific coins available for trading. Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. Copy trading: allows users to copy the trades of leading traders, for free. User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.

The post Elite Analyst Warns NEAR and ONDO Prices Signal Further Dips in September – Here’s Their Outlook appeared first on CaptainAltcoin.