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- ONDO’s price remains above a strong trendline, signaling continued bullish momentum with higher lows.
- Key resistance levels at $1.4189 and $1.7850 could unlock further upward movement for ONDO.
- A rise above $2.1034 may attract more buyers and push ONDO to new highs, strengthening the bullish trend.
The ONDO/USDT pair is in an uptrend, as its price line shows a consistent rise above a strong upwards trendline. Forming higher lows on this trendline is a sign that the market continues to rise. Rose Premium Signals highlighted that there was a pattern of support and accumulation, a signal that further growth may happen.
The trendline is still being respected and the price keeps forming higher lows that make the bullish outlook stronger. As prices fall but do not fall below the previous support levels, the market is starting to look reliable and may be on the rise. The fact that investors buy more at this step shows that a strong upward swing could come after the consolidation ends.
Source: X
Ondo Bullish Trend Formation
As long as the market stays above the trendline, traders are watching for a sign that a new bullish trend is forming. If ONDO stays above its support level, it may break through some key resistance points in a short time. The first important level to look out for is $1.4189. A price movement here may mark the start of a more powerful increase in the bull trend.
If the currency trades above $1.4189, $1.7850 will be the next resistance level. This level of price helps to decide if the upward trend will keep gaining momentum. Breaking to the upside above $1.7850 could suggest that the currency may move higher.
It’s important to keep an eye on the $2.1034 resistance point. If ONDO rises beyond this point, it can signal that many more buyers will be drawn in and the market will gain momentum. If this challenge is conquered, further rises in prices could indicate a key step to a bullish trend.
As of press time, the price of Ondo (ONDO) is $0.9452 and the trading volume over the past 24 hours was $164.26 million. Within the past 24 hours, the cryptocurrency has gone up by 1.61%. Over the past week, the price of ONDO has gone up by 0.85%.
As the trendline continues to support its growth, ONDO is still projected positively. The markets are showing signs of rising confidence and the uptrend seen in prices may last as long as the support trendline is not broken. Investors are waiting to see if ONDO confirms the upward trend after approaching these important resistance levels.
