Why Analysts are Bullish on Worldcoin (WLD) and Ondo Finance (ONDO) Despite Crypto Market Downturn
Top cryptocurrency analysts remain optimistic about the prospects of Worldcoin (WLD) and Ondo Finance (ONDO) tokens, despite the ongoing market shifts. Their bullish outlook stems from technical analysis indicators pointing towards potential upside movements.
Notably, analyst Scient plans to accumulate AI-focused coins like WLD, while Matthew Dixon, anticipates ONDO to reach new all-time highs soon.
What you'll learn 👉
Worldcoin (WLD) Price Analysis
Analyst Scient has initiated buying AI coins, including the 80% discounted Worldcoin (WLD) from its peak. Consequently, Scient is employing a dollar-cost averaging strategy between 25% lower levels if the market declines further.
Moreover, Scient foresees a 50% upward move for WLD over the next month from the current one-week overboard level.
Additionally, analyst Waltzcson highlights the breakdown from diagonal support for WLD as an opportunity. Specifically, Waltzcson views the $2.56 to $2.00 price range as an attractive accumulation zone. This range aligns with the major support flip from the previous resistance and bullish order block.
Read also: XRP Price Prediction: Why Now Could Be the Best Time to Buy the Ripple Token
ONDO Price Analysis
Matthew Dixon, CEO of Evai and a crypto enthusiast, commends the solid use case and utility of the ONDO token. Despite completing a 100% extension of the first wave higher, Dixon anticipates a three-wave pullback to precede new all-time highs for ONDO.
Corroborating Dixon’s outlook, analyst Rose Premium Signals identifies an ascending channel pattern for ONDO. Consequently, Rose Premium Signals suggests a bullish move towards $2.50 if ONDO can hold the ascending support near $1.44.
Analyst DB reinforces the positive sentiment surrounding ONDO, lauding its resilience as a top performer amidst bearish market conditions. Notably, ONDO has respected the 50-day moving average and bounced off the key $1.00 support level.
However, DB emphasizes the importance of holding the mid-range support at $1.20 for bullish continuation and potential new all-time highs, contingent on Bitcoin’s trajectory.
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Show more +Future Prospects for WLD and ONDO
The current analyses and market behaviors suggest potential growth for both WLD and ONDO. With Worldcoin’s decline, investors like Scient and Waltzcson see opportunities for substantial gains through strategic buying and DCA.
Meanwhile, Ondo Finance’s steady performance and positive technical indicators, as noted by Dixon, Rose Premium Signals, and DB, point towards a promising future with potential new ATHs.
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