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Elena R
Elena R
Author
Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.
- Dec 03, 2024 11:26 UTC
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Will Ondo Price ATH Breakthrough, Ignite the Run for $2 This Week?
The ONDO token forms a bullish price pattern and adds ~38% in 24 hours.
The technical indicators SMA & RSI display increased bullish action, hinting at a higher price target.
A bullish breakout rally could push the price toward its upper price target of $2.10.
The ONDO price has outperformed the top cryptocurrencies by becoming the best daily performer. Moreover, with the recent price pump it has achieved a new all-time high (ATH) of $1.80 and is presently trading at a discount of 4.86% from that level.
With a high possibility of a breakout rally, will the Ondo token maintain its dominance among the RWA tokens and achieve a new ATH soon? Let’s find out the short-lived Ondo price analysis at CoinPedia.
Ondo Crypto Forms a Bullish Price Pattern!
With a weekly return of ~73%, this altcoin has outperformed major tokens of the Real World Assets category. Moreover, with a 183% rally in the last 30 days, it has formed an expanding triangle pattern.
The Relative Strength Index (RSI) has breached the overbought range with a sharp rise. Moreover, with the average trendline on the verge of a breakout, this ONDO crypto token may continue rising during the upcoming days.
The Simple Moving Average (SMA) constantly supports the price chart in the daily time frame. This indicates a strong bullish outlook for the altcoin in the cryptocurrency market.
Will ONDO Price Hit $2?
If the market bulls continue dominating the crypto space, the Ondo coin price will retest its resistance level of $1.80. Furthermore, if the bullish sentiment sustains, this altcoin will surpass the psychological mark of $2 this month.
On the contrary, if a bearish trend reversal occurs, the ONDO token price will retest its support level of $0.150. Moreover, if the bears outrun the bulls, this altcoin could retest its lower support trendline of $0.165 in the upcoming time.
Will ONDO price hit $10 this crypto bull run? Read CoinPedia’s Ondo Price Prediction. Also, subscribe to stay updated with the latest news of the cryptocurrency world!
FAQs
With an intraday surge of 45.60%, the Ondo price is currently exchanging hands at $1.71010.
No, Ondo is not listed for trading on the world’s largest cryptocurrency exchange.
With a 24-hour trading volume of $925.153 million, this altcoin currently has a market capitalization of $2.388 billion.
Yes 
No 
