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ONDO Price Analysis: Strong Support Suggests Potential Rally to $2.05
ONDO Price Analysis: Strong Support Suggests Potential Rally to $2.05
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ONDO News -
ONDO's price is showing resilience at the $0.66 support level, indicating potential upside as technical indicators turn bullish. The MACD's positive crossover and increasing trading volume reflect growing investor confidence.
A recent 7% price surge strengthens the bullish outlook, with near-term resistance identified at $0.85. The emerging double bottom pattern suggests a possible year-end target of $2.05, though a breakdown below support could lead to a retest of $0.45.
Market sentiment remains cautiously optimistic as accumulation patterns develop. The token's technical configuration now favors buyers, with $1.22 representing the next key price target if current momentum continues.
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