ONDO token has demonstrated resilience and unexpected strength following its recent token unlock. Despite skepticism and selling pressure, its price held due to key technical levels.
Bullish Signals for ONDO
The first sign of a trend reversal emerged through an RSI crossover, signaling the return of control to the bulls despite market uncertainty. The token unlock, though anticipated to trigger massive sales, concluded with minimal losses.
Current Market Position and Price Targets
As of today, ONDO's market position appears increasingly favorable. Analyst Sarosh points to key price targets of $1.70, $1.90, and $2.20, indicating potential significant upward momentum soon.
Technical and Market Outlook
Trading volume has surpassed its 30-day moving average, further reinforcing the bullish outlook. Barring significant market shifts, ONDO is poised for substantial growth.
ONDO's successful recovery post-unlock underscores its strength and institutional interest. The near future may be decisive for the token's continued growth.
