The ONDO token has once again confirmed its bullish structure by establishing a new higher low. This indicator suggests continued upward momentum.
Confirmation of Bullish Structure
ONDO has established a new higher low, confirming its bullish structure. This indicates that buyers are stepping in during each price dip, strengthening the chances for further upward movement.
Price Targets for ONDO
Analysts have set a conservative target at $3.8, which aligns with previous resistance zones. This could be the next important checkpoint in ONDO's rise. Should the token break current resistance under favorable conditions, the price could rally significantly, with target ranges between $6 and $10.
Impact of Bitcoin Dominance
A crucial factor to monitor is Bitcoin Dominance (BTC.D), which indicates Bitcoin's market share compared to other cryptocurrencies. A drop below 50% may signal a shift in capital toward altcoins like ONDO. In such a scenario, reaching the $6-$10 range becomes a realistic target.
ONDO confirms its bullish trend and prepares for new targets. Investors should watch for shifts in Bitcoin dominance that could affect the market's dynamics.
