With Bitcoin's recent rise to a new all-time high, ONDO has also started to show positive signals, attracting traders' interest.
ONDO Price Breaks Key Resistance Levels
The ONDO price recently displayed a bullish reversal after weeks of drifting lower inside a descending channel. The trend shifted following a breakout above resistance with a strong daily candle, bringing the price back over $1, an important psychological and technical level.
Analysts Note ONDO's Potential in Real-World Asset Sector
@Crypto_ED7, a popular analyst on Twitter, characterized the current ONDO chart as 'mega bullish.' He noted that ONDO is not just following the broader market move, but is taking leadership in the real-world asset sector. Another analyst, @Quotes_nd_Notes (CryptonautX), pointed out ONDO's strong potential, emphasizing its innovative approach and solid partnerships.
Overall Crypto Market Dynamics
Given the current upward trend of Bitcoin and the rising interest in altcoins, ONDO may continue to benefit from this situation. If Bitcoin maintains its position above $110,000 and overall market sentiment stays strong, ONDO might be gearing up for significant growth.
The breakthrough of key resistance levels and positive sentiments from analysts indicate that ONDO may continue to strengthen its position amidst growing interest in altcoins.
