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<p>ONDO has gained attention following its recent price breakout. The token jumped 6% today, signaling strong market momentum.&nbsp;</p>
<p>ONDO has demonstrated an overall upward trend since October, marked by consistent price increases. However, the market experienced a corrective phase recently, where prices consolidated within a descending channel. This downward movement acted as a temporary pullback before a bullish breakout occurred.</p>
<p>The breakout from the channel suggests a possible reversal to an upward trajectory. Currently, <a href="https://captainaltcoin.com/ondo-token-breaks-major-resistance-analyst-predicts-surge-to-these-key-price-targets/" target="_blank" rel="noopener noreferrer nofollow">ONDO’s price hovers around $1.39, </a>with signs pointing to further growth. The breakout is supported by bullish candlestick patterns, which often precede stronger upward movements.</p>
<h2 class="wp-block-heading" id="ondo-key-support-and-resistance-levels">ONDO Key Support and Resistance Levels</h2>
<p>The chart identifies critical levels that traders are monitoring. Immediate support is near $1.39, aligning with the breakout point. Below this, $1.32 acts as a safety net, reinforced by the exponential moving average (EMA 9). This EMA is trending upward, adding to the bullish momentum.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="589" src="https://captainaltcoin.com/wp-content/uploads/2025/01/image-799-1024x589.png" alt="" class="wp-image-622794" srcset="https://captainaltcoin.com/wp-content/uploads/2025/01/image-799-1024x589.png 1024w, https://captainaltcoin.com/wp-content/uploads/2025/01/image-799-300x173.png 300w, https://captainaltcoin.com/wp-content/uploads/2025/01/image-799-766x441.png 766w, https://captainaltcoin.com/wp-content/uploads/2025/01/image-799-1536x884.png 1536w, https://captainaltcoin.com/wp-content/uploads/2025/01/image-799-2048x1179.png 2048w, https://captainaltcoin.com/wp-content/uploads/2025/01/image-799-261x150.png 261w, https://captainaltcoin.com/wp-content/uploads/2025/01/image-799-100x58.png 100w, https://captainaltcoin.com/wp-content/uploads/2025/01/image-799-608x350.png 608w, https://captainaltcoin.com/wp-content/uploads/2025/01/image-799-788x453.png 788w, https://captainaltcoin.com/wp-content/uploads/2025/01/image-799.png 1491w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>Resistance levels to watch include $1.5761 and $1.7481. The first resistance is a previously established pivot point, while the second aligns with a historical ceiling. Breaching these levels could open the door for <a href="https://captainaltcoin.com/ondo-recovers-strongly-following-successful-token-unlock-here-are-the-next-price-targets/" target="_blank" rel="noopener noreferrer nofollow">ONDO’s price to target</a> the $2.0–$3.0 range in the medium term.</p>
<p>Furthermore, the RSI stands at 51.65, indicating neutral territory with a bullish tilt. The RSI’s upward trajectory suggests increasing buying pressure without signaling overbought conditions. Meanwhile, the EMA continues to act as dynamic support, reflecting the overall bullish sentiment in the market.</p>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/monero-price-breaks-consolidation-can-xmr-reach-1000/" target="_blank" rel="noopener noreferrer nofollow">Monero Price Breaks Consolidation – Can XMR Reach $1000?</a></em></strong></p>
<h2 class="wp-block-heading" id="future-projections-for-ondo-price">Future Projections for ONDO Price</h2>
<p>The chart suggests two possible scenarios. In bullish continuation, sustaining above $1.5761 could push the price to $1.7481 and beyond. Conversely,<a href="https://coinmarketcap.com/currencies/ondo-finance/" target="_blank" rel="noopener noreferrer nofollow"> if the price of ONDO falls</a> below $1.39, traders may look for support at $1.32. This downward scenario could lead to further consolidation.</p>
<p>Overall, ONDO’s breakout and today’s price increase highlight the token’s strong potential. However, traders are advised to monitor key levels and market signals for confirmation of the next significant move.</p>
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<p>The post <a href="https://captainaltcoin.com/could-ondo-hit-3-soon-ondo-price-prediction/" rel="noopener noreferrer nofollow">Could ONDO Hit $3 Soon? ONDO Price Prediction</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Could ONDO Hit $3 Soon? ONDO Price Prediction

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