Ondo (ONDOUSD) Price Targets Breakout at $2.081 Level

Ondo (ONDOUSD) Price Forecast: April 26

Ondo price targets breakout at $2.081 level as the bulls begin the new bull cycle recovering from the downward move. The coin market is in recovery mode, and harts are pointing to a fresh bullish breakout towards the $2.081 soon. An increase in the bulls’ pressure may break the previous supply value at $2.081 and extend to reach the $2.090 upper resistance level after a strong recovery, triggering a fresh rally.

Key Levels:
Resistance Levels: $1.830, $1.831, $1.832
Support Levels: $0.768, $0.767, $0.766

Ondo (USD) Long-term Trend: Bullish (Daily Chart)

The ONDOUSD market price targets its previous high level and remains in an uptrend in its long-term outlook as can be seen from the chart below.
The price retracement which has just begun may surge above the critical supply levels due to the gradual returns of the bulls.

The sustained bullish impact at a $0.979 high level in the last action has contributed to its recent growth.

Ondo’s daily chart shows that its prices remain in an uptrend, resulting in a 2.5% increase in market value. The price at $0.999 supply value is above the moving averages and targets a breakout at $2.081, as it experiences a remarkable surge.

Additionally, the Ondo price might experience a bullish breakout if the bulls add more effort to their tension in the market, as signaled by the daily stochastic pointing up, indicating an uptrend and a bullish breakout.

As a result, the next price target could be the $2.090 high trend mark in the long-term perspective

Ondo (USD) Medium-term Trend: Bullish (4H Chart)

ONDOUSD price targets a bullish breakout as it continues its rising pattern in its medium-term outlook. The coin is trading above the EMA-50, confirming a bullish trend.
The high order flow from the bulls to a $0.888 mark in the previous session also added to this bullishness in its recent high.

At the time of writing this article, after completing the downward move at the $0.944 low value, the price of Ondo rallied to a $0.999 resistance level above the EMA-50 as the 4-hourly chart opened today, resulting in an intraday gain for the coin buyers.

Thus, a possible breakout from the current retracement at the $0.999 neckline will accelerate the buying momentum and push the prices to hit the $1.044 previous resistance as the north journey continues.

Meanwhile, more upsides are likely as the price indicator suggests an uptrend. In light of this, the Ondo price target breakout could reach as high as the $2.090 upper resistance mark in its medium-term time frame.

Buy Ondo on eightcap.com