ONDO/USDT Tests an All-Time High of $1.800

The ONDO/USDT market has seen strong bullish influences in today’s trading activity. As a result, the token’s price hit an all-time high of $1.800. However, it appears that downward forces were subsequently stimulated due to the sudden price surge. Nevertheless, buyers have made a notable impact that can’t be easily erased.

Ondo’s Statistics:

ONDO Price: 1.6212

Ondo Market Capitalization: $2.32B

ONDO Circulating Supply: 1.39B

Ondo Total Supply: 10B

ONDO CoinMarketCap Rank: 58

Key Price Levels:

Resistance: $1.800, $2.000, $2.200

Support: $1.600, $1.400, $1.200

Ondo Steers Headwind’s Nest

The ONDO/USDT market surged considerably today by an amazing 24.72%. However, with such significant price increases, a retracement is sometimes well-anticipated. This has occurred through the downward contraction seen in the session. Yet, price action stays far above all the Moving Average (MA) lines.

Also, the 50—and 200-day MA lines can be seen converging for a crossover below the price action. At the same time, the Stochastic Relative Strength Index indicator lines are now in the overbought region but still taking an upward trajectory. Technically, this suggests that the market still has the propensity to extend upwards.

ONDO Downward Retracement Stays Minimal

Price action in the ONDO/USDT 4-hour market has further revealed what has occurred in the ongoing 4-hour session. Nevertheless, this token continues trading above all MA lines even in this market timeframe. The Stochastic RSI lines have stayed straight upwards with the indicator lines poking through the 80 mark of the indicator.

Also, it appears that the movement of the Stochastic RSI lines is commensurate to the price movement in the market. This suggests that the upside correction is solid and may continue upward, retesting the $1.800 for a breakthrough.

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