Ondo

Date: Sun, Nov 17, 2024, 06:40 AM GMTThe cryptocurrency market has been riding a wave of optimism since Donald Trump’s victory in the U.S. elections on Nov 5. This event fueled a surge in Bitcoin (BTC), which hit a new all-time high of $93,474. Alongside Bitcoin’s rise, several altcoins have started to rally, with the Real World Assets (RWA) token category seeing significant attention.<a href="https://coinsprobe.com/mantra-om-surges-to-new-ath-following-major-announcement-hint-whats-next/" rel="noopener noreferrer nofollow">Mantra (OM),</a> a leading RWA token, has been a standout, surging over 100% in just the last week. However, the second-ranked RWA token, ONDO, has been slower to join the bullish movement. Despite this, ONDO has still managed to gain 32% in the past 30 days and is currently trading around $0.97.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/8e2e964d336f4f339d7e487f87957a03.png" /><h3 id="bullish-signals-for-ondo">Bullish Signals for ONDO:</h3>ONDO is showing some promising technical signals. The token has formed an ascending triangle, a chart pattern often seen before a price breakout. It’s currently testing a key resistance level of $1.00, which has been a point of struggle for the token in the past.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/833464d75e5d40d1822842ceba93b200.png" />A similar breakout occurred in May 2024, when ONDO surged over 50% after breaking through resistance. With the current setup mirroring that earlier pattern, ONDO could potentially break past the $1.00 level, targeting the next resistance around $1.47—an increase of over 50% from its current price.<h3 id="could-a-rally-be-on-the-horizon">Could a Rally Be on the Horizon?</h3>If ONDO follows through with a breakout, a significant rally could be on the cards. Investors will be watching closely to see if the token can sustain its bullish momentum and push toward higher resistance levels.Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.Also Read: <a href="https://coinsprobe.com/xrp-hits-key-support-levels-following-minor-correction-what-to-expect-ahead/" rel="noopener noreferrer nofollow">XRP Hits Key Support Levels Following Minor Correction: What To Expect Ahead?</a>

Top RWA Token ONDO Token Flashing Bullish Signals: Could a Rally Be on the Horizon?

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