ONDO Price Prediction:Is Ondo Ready for a New All-Time High?

Ondo nears all-time high, showing strong bullish candles

• #Ondo Finance forms a base above $0.87000, also aligning with the 76.80% Fibonacci level, while trading close to its all-time high.

• After breaching out of a consolidation zone between the 61.80% and 78.60% Fibonacci levels, there is a potential signal for a new all-time high.

• The $ONDO token price is steadily approaching its all-time high, with strong bullish candles forming on the daily chart.

• For the past month, ONDO has been trading within a horizontal channel zone.

• On March 31st, $ONDO attempted to breach its high on May 18th but failed to establish a new high, subsequently falling back towards the support zone.

• According to Coin Gabbar analysis, if bulls break the all-time high, a rally could ensue, potentially propelling ONDO to $1.25 as per the 1.236% Fibonacci level in a short period.

• Failure to surpass the all-time high could lead to the formation of a Double Top pattern for Ondo Finance, potentially triggering a decline towards $0.87000 and the 78.60% Fibonacci level

KEY LEVELS :

RESISTANCE LEVEL : $1.25000-$2.00000

SUPPORT LEVEL : $0.87000-$0.70000

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