After establishing a base near the $0.8800 mark, ONDO's price surged by 50% to reach $1.3300, marking a significant increase. The price of ONDO hit its all-time high (ATH) and has successfully maintained this peak. Examination of the daily chart reveals that ONDO is currently trading within a Rising Channel Pattern. The upper boundary of the rising channel on the daily chart is posing as a resistance for ONDO, causing a retracement of about 16%. This downward movement is creating a Bullish Flag pattern on the 4-hour chart. As per the analysis conducted by Coin Gabbar, breaching this Bullish Flag pattern may propel ONDO to a fresh high close to $1.4000, which correlates with the upper trendline of the channel. Conversely, a break in the channel's lower boundary could lead to ONDO testing support levels at $1.0700 and potentially dropping further to $0.9900.

KEY LEVELS :

RESISTANCE LEVEL : $1.50000-$2.00000

SUPPORT LEVEL : $1.07000-$0.87000

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