ONDO Technical Analysis in Daily Timeframe

Aug 14

Hello everyone, I’m Cryptorphic.
For the past seven years, I’ve been sharing insightful charts and analysis.

Follow me for:
~ Unbiased analyses on trending altcoins.
~ Identifying altcoins with 10x-50x potential.
~ Futures trade setups.
~ Daily updates on Bitcoin and Ethereum.
~ High time frame (HTF) market bottom and top calls.
~ Short-term market movements.
~ Charts supported by critical fundamentals.

Now, let’s dive into this chart analysis:

ONDO has dropped nearly 66% from its all-time high and is currently holding support at $0.652. With the recent rebound and the current price at $0.758, ONDO is likely to reach the resistance trendline at $0.902.

A breakout above the resistance trendline will signal a further bullish move. ONDO must maintain the support level to keep the price steady. We will re-analyze the chart if the price closes below the support trendline.

Key levels:

- Support: $0.652
- Primary Resistance: $0.902
- Target: $1.49 (All-Time High)
- Invalidation: A daily close below $0.652

DYOR, NFA.

Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see!

Thank you!

#PEACE