ONDO Price Prediction: Is the Bull Run Running Out of Steam?
ONDO consolidates within a zone on the 4-hour chart
#Ondo Finance was launched on January 18, 2024, with an initial trading value of $0.10, and has since demonstrated a robust bullish trajectory.
The daily chart indicates that $ONDO is currently trading within a Rising Channel Pattern.
Following a consolidation period around $0.74, the price surged by 82% within just 13 days, reaching a new all-time high.
On May 26, a Shooting Star pattern formed as ONDO faced rejection from the upper boundary of the channel pattern, leading to a phase of consolidation.
According to Coin Gabbar analysis, If bullish momentum prevails, the coin could revisit its all-time high of $1.33 this week, possibly extending its upward trajectory towards the upper resistance level of $1.50.
Conversely, increased selling pressure may drive ONDO towards its support level of $1.075 in the weeks ahead.
KEY LEVELS :
RESISTANCE LEVEL : $1.50000-$2.00000
SUPPORT LEVEL : $1.07000-$0.87000
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