Oondo looks interesting now. He wore support, and he draws the attention of people. The way the price moves is that things may change, especially when you look at technical indicators compared to what happened before.
When looking at the price scheme, Ondo achieved a good round from mid to late 2023, hitting the highest point in December, then began to decrease. He decreased until it reached about $ 0.92 -0.95 dollars, which is a complex level before.
The chart shows the price of the Oondo that has risen from this support again, which may mean that the short -term recovery is coming. The relative strength index displays similar readings to the previous lower points, indicating that it may be excessive. Also, it appears that the RSI moving average may cross soon, which may indicate a change in momentum.
Support and resistance levels to watch
Market participants are monitoring the price of the UNDo as it approaches the resistance levels. The following resistance of the price ranges between $ 1.30 and $ 1.40, a region where it has a problem in maintaining its rising momentum in recent months. If the price exceeds this range, it may move about $ 1.60 -1.70 dollars, as its last highest level was seen.
If the price decreases to less than $ 0.92, this may decrease to a range of 0.70-0.75 dollars. Traders monitor to see if the current purchase pressure can maintain this bounce.
Seth and Oondo Market Tweet
Crypto Seth analyst shared his ideas about the Oondo price movement, pointing to the level of technical support and RSI position. He stated that the price bounced in what he called the “very technical level” and noticed the percentage of good risks to the reward. SETH also mentioned the ondo connection with Blackrock and its role in the distinctive RWA code, which adds to the basic attention in the distinctive symbol.
The market seems to be careful as traders are watching to see if this level will be a solid base for a potential crowd. While Seth’s analysis is lined with technical factors, the evacuation added that his comments are not financial advice.
Oondo Outlook and the main considerations
Traders looking at short -term opportunities ONDO price monitoring. The support level at $ 0.92 -0.95 is an important field for viewing, as RSI indicates a possible change in the direction. However, we need to confirm, because breaking the resistance would indicate a stronger recovery.
Currently, Oondo is still on the site of the monitoring list for many market participants, with the next prices determined whether the current bounce can maintain more gains.
Also read: Piots of PI prices for today (March 16)
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