As the broader market is restored, the heat in the Defi chip returned in height. Oondo Finance, the real world asset symbol project, is alluded to a possible return with the broader market recovery.
Keeping dominance over its psychological mark $ 1, hinting on the UNDo to a possible dual -bottom reflection. Will this gathering reflect the outbreak of the triangle to reach the two -dollar psychological mark?
The prices of the UNDo are close to the outbreak of the descending triangle
In the daily graph, the Oondo price movement reveals a descending triangle style. Local support is at $ 1.19.
The demand area supports the EMA line for 200 days. On the upper side, the local resistance direction line started after rejection at a Psychological mark of $ 2.00.
Currently, Ondo PRICEACTION reveals the pattern of the potential morning star for the upscale return. Oondo is trading a market value of $ 1.2386, with a recovery during the day by 2.23 %.
Create a morning star style, Defi code denies a 2.59 % decrease on Tuesday. This hints that a possible return to re -challenge the resistance line all night line near the $ 1.35 sign.
Supporting upward opportunities, rejecting the low price of the EMA line for 200 days increased demand for low levels. Moreover, the daily RSI line shows an early reflection inside the sale area.
However, the bullish trend is likely to face opposition near the EMA line for 100 days at $ 1.29 or the EMA line for 50 days at $ 1.3395.
Triangle triangles price goals
In the event that the broader market recovers, the price of the distinctive code is likely to exceed the local resistance trend line. This will push the Defi code towards the critical supply area near $ 1.6.
However, the Fibonacci level by 23.6 % at $ 1.53 can be resistant between them. Based on the levels of Fibonacci, the upward trend can lead to the upward return towards the Fibonacci level by 50 % at $ 1.91.
Moreover, the 100 % Fibonacci level at $ 2.60 remains an optimistic target, reflecting more than 100 % of the upscale capabilities. On the other hand, the decisive support remains the EMA line for 200 days at $ 1.14, followed by a $ 1 psychological mark.
Oondo Finance dominates the RWA market
Supporting recovery opportunities, a recent report before INTOTHEBLOCK It reveals a dominant position alongside Ondo Finance. The Crypto project is dominated by RWA by spreading the highest transactions, surpassing other RWAs despite the slow encryption market.
The volume of financial transaction is increased to approximately $ 300 million, while the second largest maker remains (MKR) with less than $ 100 million in the volume of transactions.
