• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

ONDO Price Breaks Key Resistance: Is a Rally Imminent?

user avatar

by Giorgi Kostiuk

2 months ago


Amidst the decline in altcoin market activity, ONDO has shown resilience with increased volume and breaking through important resistance levels.

ONDO Technical Analysis

ONDO's price chart reveals a clear breakout from a descending channel that had restricted its movements for weeks. The breakout was accompanied by increased trading volume, indicating strong market participation. The coin surpassed the $1.20 mark, a level that could now act as support following the recent price fluctuations between $0.90 and $1.00. Analysts suggest this move could drive the price towards $3.00.

Increased Volume Amid Broader Market Stagnation

Elite analyst World Of Charts highlights ONDO's ability to draw trading volume despite a general decline in interest in altcoins. This emphasizes its strength and sparks interest among market participants. The observed volume increase around the breakout lends further credibility to the bullish case.

Market Sentiment and Price Outlook

Market sentiment surrounding ONDO appears cautiously optimistic. While the short-term outlook is bullish, analysts emphasize the importance of confirming the breakout with sustained price action and volume. A successful continuation of this rally could set the stage for ONDO's price to reach new highs and potentially establish a longer-term uptrend.

Despite the general decline in interest in altcoins, ONDO has demonstrated significant growth. Its technical performance and active market participation indicate the potential for continued robust growth. Market observers hope for new highs.

0

Share

Other news

BYDFi 5th Anniversary: Innovation and Web3 in Focus

BYDFi celebrates its 5th anniversary: history of growth and Web3 adoption.

user avatarGiorgi Kostiuk

5 minutes ago

Ethereum Price May Drop Due to Weak Stock Market

Analyst Benjamin Cowen predicts Ethereum's price may decline owing to stock market weakness and macroeconomic factors.

user avatarGiorgi Kostiuk

5 minutes ago

Trump's Tariffs Shake Crypto and Global Markets

Trump's tariffs caused a sharp drop in crypto and global markets: Fear Index plummets to 25.

user avatarGiorgi Kostiuk

5 minutes ago

Qubetics Cryptocurrency: Interoperability and Growth Potential

Qubetics offers unique blockchain interoperability and promises high growth potential.

user avatarGiorgi Kostiuk

6 minutes ago

Cryptocurrencies in National Reserve: US Initiative

Donald Trump's announcement of a US crypto reserve including Bitcoin and Ethereum sparks a global discussion on digital assets.

user avatarGiorgi Kostiuk

6 minutes ago

XRP Price Update: Preparing for a Downturn?

XRP holds near the $2 level; market analysis shows potential shifts in the crypto market.

user avatarGiorgi Kostiuk

13 minutes ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.