Oondo’s work indicates a possible reflection: Can it be 100 % increase after that? Here are expectations
Oondo Token is closely traded from support from $ 0.70 to $ 0.75, and traders talk about a possible price reflection. The modern analysis shows the origins that make up a bullish wedge, which led to a significant increase in prices in the past. The graph shows that the price of the Ondo has followed this style before, as it has led to strong upward movements.
The Lucky encryption expert adds to the discussion, while emphasizing that Oondo is in the accumulation phase. The post indicates that in the long term investors may find the current levels attractive, as historical patterns indicate a possible outbreak in the coming weeks. Although there is no financial advice, the analysis corresponds to the technical indicators indicating that Ondo could have been prepared to move ascending.
Oondo price trends trends and upscale spacious patterns
Oondo showed multiple updated spoilers over time, each of them preceded a great outbreak. Currently, the price of the UNDO is unified in a declining channel and is close to a possible outbreak. These patterns usually indicate a transformation of momentum, and often cause prices when the resistance is broken.
A similar style previously led Oondo to $ 1.50 after breaking the resistance, and if this setting is run again, analysts suggest that the next goal may exceed $ 2.00. The support level in which the ONDO is currently tested several times, enhances its strength as a potential launching point for upward move.
The main support and resistance levels to watch
The price of Oondo maintains a strong support area, an area where buyers enter on multiple occasions. If this level continues, the penetration may see ONDO targeting $ 1.48-1.50 dollars, as the next main resistance lies. After this level, the next important goal can be $ 2.00+, based on the previous hacking behavior.
However, failure to maintain support may lead to more negative side before another possible recovery. Traders closely monitor the price procedures to determine whether the accumulation at this level will be translated into a bullish step.
Oondo Market Cisfice and Future Outlook
You suggest a tweet from Lucky The benefit in the work of the term between the long term Companions. Talking about the “accumulation stage” indicates that big investors may buy at the current prices.
While the total market morale is neutral, technical indicators and previous price movements indicate that Ondo may be about to go out. Traders see major levels, looking for signs of step that can double the value of the distinctive symbol.
Also read: Pinpoints Experts are the best time to accumulate KASPA (KAS) – the latest to upgrade
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