ONDO is looking interesting right now. It just bounced off support, which is catching people’s attention. The way the price is moving suggests things might be changing, especially when you look at the technical indicators compared to what happened before.
Looking at the price chart, ONDO had a good run from mid to late 2023, hit its high point in December, and then started dropping. It fell until it reached around $0.92-$0.95, which is a level that’s held strong before.
The chart shows ONDO’s price bouncing back from this support again, which might mean a short-term recovery is coming. The RSI is showing similar readings to previous bottom points, suggesting it might be oversold. Also, the RSI moving average looks like it might cross over soon, which could signal a change in momentum.
What you'll learn 👉
ONDO Support and Resistance Levels to Watch
Market participants are monitoring ONDO’s price as it approaches resistance levels. The next resistance for the price is between $1.30 and $1.40, an area where it had trouble keeping its upward momentum in recent months. If the price breaks above this range, it could move toward $1.60-$1.70, where the last major highs were seen.
If the price falls below $0.92 support, it could decline further to the $0.70-$0.75 range. Traders are watching to see if current buying pressure can maintain this rebound.
Seth’s Tweet and ONDO Market Sentiment
Crypto analyst Seth shared his thoughts on ONDO’s price movement, pointing out the technical support level and the RSI position. He mentioned that the price bounced at what he called a “very technical level” and noted the good risk-to-reward ratio. Seth also mentioned ONDO’s connection to BlackRock and its role in RWA tokenization, which adds to the basic interest in the token.
The market seems cautiously hopeful as traders watch to see if this level will be a solid base for a possible rally. While Seth’s analysis lines up with technical factors, he added a disclaimer that his comments aren’t financial advice.
ONDO Outlook and Key Considerations
Traders looking at short-term opportunities are keeping an eye on ONDO’s price movement. The support level at $0.92-$0.95 is an important area to watch, with the RSI suggesting a possible trend change. However, we need confirmation, as breaking above resistance would signal a stronger recovery.
For now, ONDO remains in a watchlist position for many market participants, with upcoming price action determining whether the current bounce can sustain further gains.
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