6 months ago
32
The recent pullbacks on the price of ONDO have sustained its higher highs and higher lows, keeping the uptrend intact. The current consolidation is a healthy reset after its recent rally from $0.75 to $0.95, allowing the market to cool off before the next move.
If bulls hold support and push above $0.95, ONDO’s price could quickly reclaim $1.05, a level where previous selling pressure became evident. A breakout here could shift market sentiment further in favor of the bulls.
The recent price of ONDO is shaping up within a classic bull flag, signaling a possible breakout. This pattern portrays a strong momentum trailed by a consolidation before another push higher. With buyers stepping in and volume picking up, the setup looks promising.
Top Crypto analyst Merlijn The Trader recently indicated on X, suggesting ONDO’s bull flag run and its prospectives in the “Made in USA” narrative. With growing institutional interest and bullish sentiment, the price of ONDO could be positioning for a major move if resistance is broken.
ONDO’s price holds key support, with buyers shielding the lower flag boundary. This stability suggests accumulation, setting up for a breakout attempt. As long as support holds, the bullish structure remains intact.
On the upside, the main resistance lies at the upper trendline. A strong breakout above this level might trigger momentum, that could send the price of ONDO higher. If buyers step in with volume, the move could be rapid, drawing in more interest.
ONDO’s price breaks out of the bull flag formation, and the prospects for price projections look extremely bullish. These flag patterns usually increase price movement, with targets being equal to previous swings.
With increased interest alongside bullish capture, ONDO’s breakout could be around the corner. A breakout above this resistance level is bound to bring in fresh buyers. ONDO is once again in the spotlight as this development could alter its trajectory.
English (US) ·