Ondo Finance Price Action Moves Boldly Into Bear Territory

Azeez Mustapha


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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 TerritoryOndo 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 TerritoryONDO 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.

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Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

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