Ondo

Future

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/ondos-price-trajectory-and-market-outlook/" data-wpel-link="internal">ONDO’s Price Trajectory and Market Outlook</a><br></p>
<p style="text-align: justify"><strong>Ondo</strong> (ONDO) has sharply fallen from its recent peak of $1.05 to a trading level of $0.79. The 23% drop over two days has caused anxiety. The downward pressure continues in the <a href="https://coin-turk.com/teknoloji-devi-xiaomi-kripto-para-odemelerini-kabul-etmeye-basladi" data-wpel-link="internal">cryptocurrency</a> market. Despite this, a similar trend persisted for ONDO. The indicators for ONDO suggest that bears are gaining ground, while the price action shows bulls struggling to resist the latest downturn.</p> 
<h2 style="text-align: justify" id="ondo-s-price-outlook">ONDO’s Price Outlook</h2> 
<p style="text-align: justify">Looking at two lower time frames, the support levels are highlighted in pink at $0.83 and $0.663. On the 12-hour price chart, the $0.385 level is presented as the critical point for a potential reversal of the current trend.</p> 
<p style="text-align: justify"><strong>Fibonacci</strong> retracement levels (pale yellow) also underscore important support levels. The $0.527 and $0.639 regions are notable as optimal levels for ONDO bulls. The RSI indicator also shows that the momentum has shifted downwards.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-337161" src="https://coin-turk.com/wp-content/uploads/2024/04/ondo-coin-turk-com.png" alt="" width="579" height="294"></p> 
<p style="text-align: justify">On the other hand, the OBV has not fallen below the low levels that emerged in mid-March but continued to reflect a downward trend over the past week.</p> 
<p style="text-align: justify">Trading volume has also been declining, which could indicate an approaching consolidation phase for the token. Bulls continue to view this positively. Consequently, bulls might consider any potential drop as a long-term buy-and-hold opportunity.</p> 
<h2 style="text-align: justify" id="the-future-of-ondo">The Future of ONDO</h2> 
<p style="text-align: justify">ONDO’s liquidation heat map shows that significant liquidations could occur at the $0.7 level. After securing the liquidity pool, ONDO prices could continue their movement between $0.69 and $0.74, potentially signaling a trend reversal.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-337160" src="https://coin-turk.com/wp-content/uploads/2024/04/0-7-ondo-coin-turk-com.png" alt="" width="1536" height="864"></p> 
<p style="text-align: justify">Additionally, levels at $0.59 and $0.37 below $0.69 are highlighted as areas to watch. Therefore, as long as the $0.69 to $0.71 support zone holds, investors may not need to worry about a sharp pullback.</p> 
<p style="text-align: justify">On the other hand, the $1.1 area continues to be an attractive target for bulls. However, momentum will need to shift again before this liquidity zone becomes the next target.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/ondos-price-trajectory-and-market-outlook/" data-wpel-link="internal">ONDO’s Price Trajectory and Market Outlook</a></h5>

ONDO’s Price Trajectory and Market Outlook

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