ONDO Resilience Nears $0.9500 – Strong Momentum Building Up for a Bullish Rally!

The ONDO price is showing impressive resilience at $0.9500, signaling growing strength despite its recent market fluctuations. This steady consolidation hints at a potentially bullish breakout as momentum continues to build. Technical indicators are aligning in favor of investors, suggesting that ONDO might gear up for. With a strong bullish sentiment, increasing interest from traders, and a supportive market, ONDO could break the key resistance level and reach a new high. As anticipation mounts, ONDO investment gains investors’ confidence in the marketplace. In this article, let’s briefly analyze ONDO’s price movement for the last 24 hours on the trading chart for a better understanding. 

ONDO Tops Above $0.9200 – April 22, 2025

On April 22, 2025, the ONDO trading day kicked off with a notable price rise, demonstrating a strong bullish sentiment. At 01:50 UTC, ONDO encountered an RSI Overbought situation, indicating a potential trend reversal. At 02:05 UTC, a pin bar, followed by a full-body red candle, signaled a downtrend. Likely, ONDO resisted at $0.8714 and experienced a short-term decline. A Death Cross on MACD at 02:25 UTC affirmed this downtrend. However, at 06:40 UTC, ONDO found support at $0.8434 and experienced an uptrend. At 07:50 UTC, ONDO encountered an RSI Overbought situation, indicating a possible trend reversal. Likely, at 08:00 UTC, ONDO resisted at $0.8665 and experienced a short-term decline.

Conversely, at 09:20 UTC, ONDO found support at $0.8541 and experienced an uptrend. At 13:20 UTC, ONDO broke the resistance at $0.8714, breached a breakout, and reached $0.9071. A Golden Cross on MACD at 09:45 UTC affirmed this uptrend. However, at 15:15 UTC, ONDO resisted at $0.9071 and experienced a downtime. A Death Cross on MACD at 15:20 affirmed this downtrend. At 15:50 UTC, ONDO found support at $0.8833 and moved up. At 21:50 UTC, the ONDO price broke the resistance at $0.9071, breached a breakout, moved up, and closed at $0.9178. 

ONDO Hits New High of $0.9566 – April 23, 2025

As illustrated in Chart 1, on April 23, 2025, the ONDO trading day began with a brief rise, demonstrating a strong bullish momentum. But at 00:25 UTC, ONDO resisted at $0.9356 and experienced a short-term fall. However, at 02:05 UTC, ONDO found support at $0.9082 and experienced an upward trajectory. A Golden Cross on MACD at 02:15 UTC affirmed this uptrend. At 04:50 UTC, ONDO broke the resistance at $0.9356, breached a breakout, and reached the top price of the day at $0.9566. At 06:25 UTC, ONDO resisted at $0.9566 and experienced a short-term decline. Substantially, at 10:10 UTC, ONDO found support at $0.9238 and kept fluctuating between the key levels. 

ONDO’s Possible Scenario

Based on the price analysis, the ONDO price analysis is exhibiting an upward trajectory, demonstrating a strong bullish rally. In a possible scenario, as ONDO investment is building strong bullish momentum, it could break the key resistance at $0.9566 and hit a new high. If it fails in its attempt, the ONDO price could break the key support and experience a steep fall. Before investing in any crypto, do market research, know the risk, and make proper risk management!

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