Ondo Bucks Macroeconomic Downtrend Trend, with Experts Targeting $3.2 Milestone
In a thrilling turn of events, ONDO has snapped a prolonged wedge pattern, hinting at a major trend reversal with $3.2 on the horizon. Following a fierce downtrend, $1.50 and $1.80 emerge as near-term resistance levels after a clean breakthrough.
A rising intraday channel bolsters ONDO's ascension toward the $0.90 zone. This bullish surge aligns with growing upward momentum, signaling the end of the bear market for ONDO.
Long-term Trend Reversal
The daily time frame showcases ONDO smashing through its extended descending trendline, marking the end of bearish compression. This aggressive move supports accumulation near historical lows and rising market sentiment.
Analyst Solberg Invest pinpointed the breakout following a 22% price leap, closing at $0.8669. He traced the rebound starting from $0.65, marking the foundation for an impressive impulse wave that surged from the wedge's lower trendline.
Short-term Trend Projections
Solberg Invest also presented insights into ONDO's immediate trend, mapping the breakout within the same descending wedge pattern discussed earlier. He identified a robust move above the red trendline as a decisive invalidation of the downtrend. Notable resistance levels of $1.50 and $1.80 were earmarked based on past resistance tests, suggesting a steady climb rather than a drastic spike.
An inverted head and shoulders pattern formed prior to the breakout, with the neckline crossing the falling trendline, bolstering the breakout level. ONDO rallied from $0.65 and concluded the day at $0.8622 after the breakout. Solberg envisioned $1.50 as the next resistance hurdle, with $1.80 as a follow-up target. His projection featured a stair-step pattern with subtle pauses, steering clear of abrupt surges.
Intraday Trend and Imminent Setup
Recent intraday timeframe analysis offers a closer look at the ongoing bullish structure, thanks to a rising channel formation. This tight view illustrates the continuous uptrend in ONDO's price action. Analyst LaCryptoLycus examined the 15-minute timespan, confirming a series of higher highs and lows since April 7. Price action rebounded from $0.685 and has remained confined within parallel channel lines. He marked resistance at $0.7996 and $0.8190, with $0.90 as a potential breakout target.
LaCryptoLycus noted a consistent trendline respect and smooth consolidation, hinting at a potential breakout above $0.82, propelling ONDO toward $0.90. His chart coincides with rising momentum confirmed across various timeframes.
Altcoin Analysis, crypto market, cryptocurrency, ONDO
(Suggested Enrichment Data: Short-Term Price Target: Ondo (ONDO) is projected to reach $0.90 following a breakout above $0.82, according to the April 10, 2025, technical analysis. Key Levels: While the $0.82 level acts as a breakout trigger, the 0.786 Fibonacci retracement level was highlighted as an accumulation zone in early April. For LaCryptoLycus' exact resistance levels and targets, additional context or up-to-date reports would be required, as specifics are not covered in the provided materials. always verify the latest analyses directly from the source, as crypto markets are highly volatile and projections evolve rapidly.)
- The breakout of ONDO, a cryptocurrency, marks the end of its prolonged descending trend, as indicated by the analytics from Solberg Invest.
- Upon the breakout, ONDO bolstered an ascension towards the $0.90 zone, aligning with growing upward momentum and signifying the end of the bear market.
- In the intraday timeframe, a rising channel forms, with ONDO displaying a continuous uptrend in its price action, according to the analysis of LaCryptoLycus.
- Analyst Solberg Invest, while discussing the immediate trend, identified $1.50 as the next resistance hurdle for ONDO, with $1.80 serving as a follow-up target.
- The technology-driven field of finance and investing is seeing potential in ONDO, as demonstrated by the appreciation in its value following the breakout.
