Ondo Price Forecast:


Technical Outlook: Ondo Gains Momentum as Selling Pressure Eases:
Ondo shares are trading at $0.4052, maintaining stability above key exponential moving averages (EMAs), with the 200-day EMA at $0.4008 and the 100-day EMA near $0.3020, reinforcing a clear short-term bullish trend following the recent breakout.

The SuperTrend line around $0.2940 is significantly lagging behind the spot price, while the Relative Strength Index (RSI) at 89 indicates extreme overbought conditions, suggesting strong but increasingly stretched bullish momentum.

Daily chart of the ONDO/USDT pair

On the downside, the initial dynamic support level aligns with the 200-day EMA at $0.4008, with stronger support from the 100-day EMA around $0.3020 and the main trend level near $0.2940. A more robust corrective phase is likely to head toward the 50-day EMA around $0.2807, where buyers may attempt to reaffirm the broader bullish trend if profit-taking intensifies. Sustained movement above the demand zone around $0.4000 could increase the chances of breaking through the next major resistance at $0.4500.
ONDO25.97%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin