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ONDO Eyes Bullish Reversal as Key Resistance Levels Come Into Play
ONDO Eyes Bullish Reversal as Key Resistance Levels Come Into Play
20
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ONDO News -
Ondo's ONDO token is demonstrating resilience, bouncing back from the $0.60 support level to trade around $0.62. This rebound indicates renewed buyer interest following a month-long bearish trend.
Technical indicators suggest a potential bullish reversal. The 20 and 50 SMAs are flattening, hinting at an impending crossover—a classic momentum shift signal. However, the token needs to break through critical resistance at $0.83 and surpass the 200 SMA to confirm a sustained uptrend.
Traders are watching the $0.73 and $0.78 levels as immediate obstacles. A decisive MOVE above these could open the door for stronger gains, while the $0.60 support level remains a crucial floor.
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