COINTURK NEWSCOINTURK NEWSCOINTURK NEWS
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Search
© 2024 COINTURK NEWS. All Rights Reserved.
Reading: ONDO Price Movement Suggests Potential 20% Upside
Share
Languages
  • TürkçeTürkçe
  • EspañolEspañol
Font ResizerAa
COINTURK NEWSCOINTURK NEWS
Font ResizerAa
Search
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
COINTURK NEWS > Altcoin News > ONDO Price Movement Suggests Potential 20% Upside
Altcoin News

ONDO Price Movement Suggests Potential 20% Upside

In Brief

  • ONDO hints at a possible 20% upward move after an overnight fluctuation.

  • Maintaining the ascending channel, ONDO saw a 6% rise overnight.

  • Despite mixed technical indicators, the overall bullish structure remains intact.

COINTURK NEWS
COINTURK NEWS 1 year ago
Share
SHARE

The price movement of the popular altcoin ONDO hints at a possible 20% upward move following an impressive overnight fluctuation. The current market trend indicates that ONDO operates within an ascending channel, characterized by an upper resistance trend line completing this formation. The current state of the price chart suggests a general bullish outlook for investors observing from the outside.

Contents
Expectations for Continued UptrendCan Bulls Push the Price Beyond the $1.30 Threshold?

Expectations for Continued Uptrend

ONDO’s price trend, maintaining the ascending channel on the daily price chart, saw a significant overnight recovery with a 6% rise, preventing a drop to the 50-day Exponential Moving Average (EMA). This recovery indicates a potential reversal for ONDO. If the current uptrend continues, the altcoin could target $1.52, representing a significant upward move from current levels.

The latest bullish cycle for ONDO started around the support trend line at $0.72, leading to a remarkable 100% rise within 20 days, peaking at $1.44. This rise revealed a new general resistance trend line. Following this peak, ONDO entered a decline phase, losing 18.51% in value within five days. Despite this, the altcoin managed a 6% recovery, forming a Harami candlestick pattern on the daily chart. This pattern could indicate an early bull cycle if buyers manage to surpass the opening price of the bearish candle at $1.30.

Currently, ONDO is trading at $1.26, showing a slight 0.56% drop with a long tail formation on the daily candle. This suggests demand at lower levels and potential upside later in the day. However, technical indicators present a mixed picture. The MACD indicator shows a bearish trend, indicating that the negative cycle remains strong.

Can Bulls Push the Price Beyond the $1.30 Threshold?

For the downtrend to turn into an uptrend, ONDO needs to close above the opening price of the last bearish candle at $1.30. Although the overnight jump boosts investor confidence, market sentiment remains volatile due to the Federal Open Market Committee (FOMC) meeting. This volatility could lead to fear, uncertainty, and doubt (FUD) based selling, undermining buyers’ efforts.

Despite bearish signals from the MACD, the overall bullish structure of the ascending channel remains intact, presenting a positive outlook. According to trend-based Fibonacci levels, a breakout rally could bring the $1.52 level at the 2.618 Fibonacci level into play.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

You Might Also Like

Explore How SUI Coin Captures Market Attention

Altcoin Markets Brace for Impact as Significant Token Unlocks Loom

Bitcoin’s Plunge Sparks New Altcoin Opportunities

Analyst Detects Positive Signals for Bitcoin’s Uptrend

Whale Alert Uncovers Massive TRUMP Coin Movement Reshaping Discussions

COINTURK NEWS 12 June, 2024 - 4:09 pm 12 June, 2024 - 4:09 pm
Share This Article
Facebook Twitter
Share
Previous Article Bitcoin Outpaces Ethereum and XRP in Key Metric
Next Article Bitcoin Reserves Decrease in Exchanges
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

8.1k Like
21.1k Follow
1.1k Follow

Latest News

Discover Exciting Developments in the Crypto Landscape Today
Binance
US Consumer Confidence Report Triggers Positive Moves in Crypto Markets
Economy
Cryptocurrency Markets React to White House Trade Announcements
Cryptocurrency News
Ethereum Network Doubles Its Block Production Speed
Ethereum (ETH)
//

COINTURK was launched in March 2014 by a group of technology enthusiasts who believe that Bitcoin will be as important as the internet in the world of the future thanks to the amazing technology underlying it.

CRYPTOCURRENCY LIVE PRICES

  • Bitcoin (BTC) Live Price
  • Ethereum (ETH) Live Price
  • Ripple (XRP) Live Price
  • Solana (SOL) Live Price
  • Dogecoin (DOGE) Live Price
  • Cardano (ADA) Live Price
  • Chainlink (LINK) Live Price

OUR PARTNERS

  • COINMARKETCAP
  • COINGECKO
  • BITCOINHABER
  • BH NEWS
  • 21MILYON
  • NEWSLINKER

OUR COMPANY

  • About Us
  • Cookie Policy
  • Advertising
  • Contact
COINTURK NEWSCOINTURK NEWS
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
Welcome Back!

Sign in to your account

Lost your password?