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ONDO Price at Critical Juncture as Symmetrical Triangle Pattern Emerges
ONDO Price at Critical Juncture as Symmetrical Triangle Pattern Emerges
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ONDO News - ONDO hovers at $1.00 amid declining trading volume, reflecting market indecision. A 2.09% daily gain contrasts with a 46.11% drop in trading activity to $139.38 million, signaling cautious investor sentiment. Technical analysts identify a textbook symmetrical triangle formation, typically preceding volatile breakouts. The token currently trades above neutral 9-day EMA and 50-day SMA lines, with a decisive MOVE above $1.05 potentially triggering a rally toward $1.20. Forecasts diverge sharply for 2025, with projections spanning $0.98 to $2.20. Market participants await resolution of the compression pattern as volume contraction suggests impending directional momentum.
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