Onddo Cheap Purchase Time? Analyst estimates that Price is about to be paraboolic – why here
Ondo, after a strong price movement reflected in the last graphics event, he drew attention. The leading analyst Neils said that the price of Ondo’s price in X was broken at a key resistance level and now doing a re -test.
This development is compatible with a wider market focus on real world assets (RWA), which is a tendency of traction in the field of digital existence. It is one of the leading projects associated with institutional names such as Onddo, Blackrock and through political portfolios, including former US President Donald Trump’s.
Breakout above the resistance zone and re -test
The price graph shared on the Tweet shows a rupture above a large resistance zone between $ 0.91 and $ 0.93. This level had served as a border for a few days before. After Breakout, Ondo Price re -tested the same area, a movement that is interpreted as a Flip supported by market analysts. After successfully jumping from this level, the Jeton continued to tend to rise and exceeded the $ 1.00 sign, considered an important psychological threshold.
The graph is based on a 1 -hour period. The Ondo Price action had a number of high low levels supported by an increasing tendency lines held in several re -tests. This tendency line reflects the consistently receiving interest in increasing levels, which shows the market power before the explosion.
RWA narrative and corporate momentum
The RWA narrative is expanding in the crypto industry with multiple projects that try to bridge traditional assets and blockchain technology. Ondo is seen as a leading player in this sector. The tweet also referred to the connection of Onddo with Blackrock, a large financial institution, and pushed the investor’s attention towards the coin.
Relationships with political figures such as Donald Trump raised Ondo beyond typical crypto communities. When these factors are combined with the technical structure of the coin, they contributed to the increase in market interest.
Ondo volume and momentum indicators
Although volume data are not included in the graph, the sharp rally following the resistance break shows that there is a powerful purchase pressure. The price of Ondo moved upwards with a minimal retreat, a short -term momentum sign that prefers bulls. Following breaking, the candlestick structure showed constantly strength, which may have served as a higher leg of the next leg.
Analysts recorded this price behavior, which follows the graphic patterns of Onddo, consistently recorded with the separation and continuation installations.
Read also: We asked AI to estimate the price of onyxcoin (XCN) for April with the newly approaching coin
Moreover, the coin was traded in the side range for several sessions before starting the break. The accumulation between $ 0.79 and $ 0.93 formed a solid base. The final rupture and then a successful repetition contributes to the upward supported combination.
Increased support lines organized during the accumulation period. Support Zone is now watched Sustainability while trying to build something new price December above $ 1.00. Traders closely monitor the approval of the ongoing tendency power in the short and medium term.
Follow us X (twitter)– CoinMarketcap And Binance Square For more daily crypto update.
Get all our future calls by joining Free telegraph group.
We recommend Etooro
Active user community and news broadcasts, social features such as chats for certain money available for trade.
A wide variety of assets: Crypto currencies as well as other investment products such as stocks and ETFs.
Copy Trade: Allows users to copy the transactions of leading investors free of charge.
User -Friendly: Etoro’s web -based platform and mobile app is user -friendly and easy to navigate.
