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Although it fails to get out of its declining direction, Oondo can prepare for a higher height than the $ 2 barrier. Some analysts suggest that the game of play 2024 can repeat if it continues to keep its current levels.
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Ondo Breakout eyes $ 2
Oondo, the original symbol of the Distinguished World’s Authenticity Platform (RWA), is trying to restore a major area amid market decline. It is worth noting that the cryptocurrency has struggled to keep a single dollar sign since the region was lost as support for more than three months.
In December, RWA Token has reached its highest level (ATH) of $ 2.14 after US President Donald Trump Crypto Crypto bought, World Liberty Financial (WLFI), 134,216 symbols for $ 250,000.
This paid the price of the Oondo higher than the $ 2 barrier for the first time, but in the late 2024 and Q1 2025 she stopped its upward corrections, which led to the sending of its price to $ 0.60 to $ 0.70.
After recovering the market in late April, the price of the UNDo regained an area of $ 0.85 and broke out from the multi -declining trend. Then the encoded currency hovers between 0.85 levels to $ 1.10 throughout the month of May, which reaches the highest level in three months at approximately $ 1.13.
Since then, the distinctive symbol was in a declining direction for one month, and was dipped under its local range after retreating in the last market. However, the cryptocurrency is trying to restore this range over the past week, reaching the highest level in one week at $ 0.92 on Wednesday.
The highly highly performed encryption analyst in the world of plans is highlighted, stressing, “After a long correction, it seems good in the middle of the time.”
While Ondo tries to restore the $ 0.90 area, the analyst expects that the cryptocurrency will start soon from its current scope and a declining direction line, expecting a mobilization of 130 % towards a $ 2 barrier.
2024 Oh repeat arrival?
On Thursday, analyst Sagul from Altcryptogems male Oondo’s performance over the past year, stressing, “I am not sure that there are many other charts that look good on high time frames like Oondo.”
He explained that the “RWA King” is “a bullish structure since its launch,” and it makes a series of its lowest levels for more than a year while maintaining the rising support line.
Meanwhile, analyst Alex Clay Proposal Oondo can see an equivalent operation based on its performance in 2024.
The market observer indicated that the distinctive symbol is currently accumulating at the bottom of a 15 -month upward channel, which was a decisive point in its gathering towards ATH.
As Clay explained, after reaching the upper border of the channel last year, Oondo saw a multiple dirty trend towards the lower border, before printing the lowest level. This was followed by a huge march towards the top of the channel.
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This year, “track” the ups of the upcoming fractures of the previous year “after the lower boundaries of the channel decreased, the exit from the landline line, and the lowest level is registered.
The analyst concluded that “these two Sabbaths are more than enough to pump the top of the channel directly.” If the date is repeated, the cryptocurrency can rise towards a region of $ 2.8-3.
At the time of writing this report, Ondo is trading at $ 0.84, a 5.2 % decrease in the daily time frame.
Distinctive photo of Unsplash.com, Chart from Tradingview.com
