In a power show, the ONDO symbol increased by 36 % of the main support zone, re -igniting the upward morale between both investors and analysts. The cryptocurrency was unified near the level of $ 1.09 and showed flexibility as it wore sharply for an area of $ 1.49, indicating a possible reflection in the last declining direction.
After this increase, the prices of the UNDo correspond to the level of Fibonacci’s re -imitation by 38.20 %, a region that is historically proven to be a accumulation area where buyers have been divided to prevent more losses at the strike. In addition to optimized Outlook, the distinctive code momentum indicators reflect a climbing status.
The relative strength index, for example, has risen to 56.74 above the level of 50 neutral, which means increasing the purchase strength with more space to the upward trend before completing excessive purchase conditions. Likewise, the moving medium rapprochement index displays an upper intersection, as the MacD -0260 signal line exceeds the -0.0522.
Assuming that these bullish feelings continue in the long term, it is expected that the encrypted currency is expected to challenge liquidity from the purchase side, near the Fibonacci level by 50 %, which acts as an immediate resistance to the distinctive symbol. A higher violation of this threshold can confirm the upholsqueous power of Altcoin, with $ 1.91, along the FIB level 78.6 %, being the first goal.
Additional projections indicate that the cryptocurrency can ever test it near the 2.14 dollar level, with adventure in an unknown area in the third goal of $ 2.40. This corresponds to the extension of 1.272 Fibonacci, indicating the possibility of creating new standard levels.
On the other hand, the transformation of the market momentum to the negative side can lead to price corrections, which leads to the withdrawal of Oondo towards the liquidity of the sale side at $ 1.24, where you may find support. However, at the bottom of this area, violation can re -test the main support area of ONDO around the level of $ 1.09.
Prices of ONDo: New BEARGERS Insight Ath Ath Ath
Oondo Token draws the attention of market analysts as technical indicators indicate a strong upward trend. For example, Viprosetr highlights the bullish penetration of a descending wedge, a classic reflection pattern, indicating that the cryptocurrency is ready to make great gains.
In detail, viprosetr analysis It focuses on uniforms within the long preparation area of Fibonacci, where the ONDo coin successfully maintained support at the decisive 0.618 modification level. This strong base provides the basis for the expected upholstery.
According to the analyst, the penetration of The Wedge also confirms the possibility of a trend reflection, with the expected goals set at $ 1.88840, $ 2.30651, and $ 2.76567, based on Fibonacci accessories. VIPROSETR, Michaël Van De Poppe, well -known currency analyst, enhances the importance of maintaining the levels of higher timeline support.
Request 05 – $ ono
A very simple methodology.
The level of support for the higher time frame -> starting the new weighting. pic.twitter.com/wyjouqxeej
– Michaël Van De Poppe (Cryptomichnl) January 23, 2025
According to Van de Bobby, this is extremely important to confirm the continuation of the upward trend. It emphasizes its simple and effective systematics on the current power of the Oondo structure, indicating that the distinctive symbol can prepare to run towards new levels.
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