Ondo Finance Price Action Moves Boldly Into Bear Territory
Login

Ondo Finance Price Action Moves Boldly Into Bear Territory

Estimated Reading Time: 2 minutes
Article Rating:
Based on 1 vote
Login to rate this article.

Azeez Mustapha

Updated:

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more



The Ondo Finance market has continued its uptrend, following the previous dip at a higher support level. This shows that upside forces are dominant in this market and have continued to propel the market towards higher marks. Technical indicators are aligned to indicate that more price increases can be seen in this market.

ONDO Statistics:
Current Ondo Finance Value: $0.9320
ONDO Market Cap: $1,358,910,056
Ondo Finance Circulating Supply: 1,389,759,838
ONDO Total Supply: 10,000,000,000
Ondo Finance CoinMarketCap Rank: 73

Key Price Levels:
Resistance: $0.9400, $0.9500, and $0.9600
Support: $0.9300, $0.9200, and $0.9100

Ondo Finance Price Action Moves Boldly Into Bear Territory Ondo Finance Price Increases By 11.25%

The price of the ONDO token has advanced further today by an impressive 11.25% margin. The current uptrend can be perceived to have started two sessions ago when price activity bounced off the 38.20 Fibonacci Retracement Level. Buyers have been able to retain control, and the trend has continued until now.

Today’s trading activity has appeared above the Guppy Multiple Moving Average (GMMA) lines. The Stochastic Relative Strength Index (SRSI) indicator lines are still rising smoothly out of the oversold region. Additionally, the distance between the leading and lagging lines of the indicator shows that the trend is healthy and may continue, making bullish crypto signals still usable in this market.

Ondo Finance Price Action Moves Boldly Into Bear Territory ONDO Bulls Maintain a Substantial Lead

It could be perceived on the Ondo Finance 4-hour market that the ongoing session saw a strong upside move. This is seen through the last price candle on the chart, as it lacks both upper and lower shadows and still appears solid green.

Also, the ongoing session stands above the GMMA lines and has broken through the psychological price mark at the $0.9000 mark. The SRSI indicator lines continue to rise into the overbought zone of the indicator, which thus suggests that the uptrend is still intact. Therefore, picking a target at the $1.00 mark seems okay.

Trade crypto coins on AvaTrade

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Learn to Trade

Never Miss A Trade Again

step 1
Signal Notification

Real-time signal notifications whenever a signal is opened, closes or Updated

step 2
Get Alerts

Immediate alerts to your email and mobile phone.

step 3
Entry Price Levels

Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.

Share with other traders!

telegram
Telegram
forex
Forex
crypto
Crypto
algo
Algo
news
News