Oondo maintains the bullish market structure, where prices are a clear pattern of accumulation, collapse, correction and potential continuity.
Alex Clay, a encryption analyst, shared visions about the Oondo price movement, with a highlight of the flexibility higher than the level of decisive support. The current market structure indicates a continuation of the assembly if Oondo is higher than the main support area.
The date of the price of the UNDo displays a well -defined wheelchair phase between March and November 2024. This style, usually a upscale reflection signal, has led to a strong outbreak in November, confirming a shift in the direction.
The bullish structure is like hell
Falling sorry → Horrent Rally → Correction → Appeal of the Assembly
I love how $ ono Keep it over the key area 👌 so that this unification leads to more bullish direction pic.twitter.com/fd5eurginab
Alex Clay (Cryptclay) February 13, 2025
After the penetration, Ondo witnessed a great crowd until December, and broke the levels of multiple resistance. Clay noted that this upward movement showed strong pressure to buy, enhancing the upscale view.
After the peak over $ 2.00, ONDo entered a correction stage in January 2025, which is normal in the strong rise. The price has been recovered to a range of $ 1.10 – $ 1.30, which was previously resistance but now works as a major support zone.
Clay noted that Oondo briefly below this domain, but he recovered quickly, indicating the constipation of liquidity before resuming his trend. Standardization of prices within this region indicates a strong demand, which enhances the possibility of continuing in the upward trend.
The levels
At the time of the press, Oondo is Trading at $ 1.34, Unification near the support range. The resistance levels that must be monitored include $ 1.50 – $ 1.55 in the short term, with historical price levels about $ 1.80 – $ 2.00 operating as the following main goals.
Clay stressed that keeping over the main support zone will be very important for the next gathering stage. A successful outbreak over $ 1.50 to push ONO to the highest previous level (ATH) of $ 2.14 and beyond. Although a 0.98 % decrease in the last day and 3.95 % during the past week, the Oondo’s total market structure is still optimistic.
According to Coingecko, the Tokeen’s daily trading volume is $ 365.6 million. Analysts, including Clay, believe that as long as Oondo maintains current support levels, a The outbreak rally It is possible in the coming weeks.
Also read: This graph style indicates a rise in the price of XRP to $ 15
Ascension scenarios against landing
The Eondo price track depends on its ability to stay over $ 1.10 – $ 1.30. If support continues, the move may lead to $ 1.50 to the next upward wave about $ 1.80 – $ 2.00.
However, a continuous decrease less than $ 1.10 can weaken the upholial view, which may lead to a deeper correction. Current market indicators, however, in favor of a continuous upward momentum.
Oondo is still in a strong technical position, as it corresponds to the price structure with the ups of the upscale market. If monotheism persists higher than the main levels, the following penetration may push higher prices in the coming months.
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