Can ONDO reach $2.80 despite failed breakout? – Assessing…
Main Idea
ONDO's price is struggling near $1 after a failed breakout, with mixed signals from market activity and technical analysis suggesting potential for both upside and downside movements.
Key Points
1. ONDO's price has slipped by 0.35% in the past 24 hours, with trading volume dropping by 25%.
2. Technical analysis identifies $0.979 as a key level, with a bearish head and shoulders pattern forming.
3. A breakout above $1.13 could signal an upside rally, while a drop below the local support may trigger downside momentum.
4. Large transactions ($100K-$1M) have surged by 100%, indicating growing interest from whales.
5. Some experts predict ONDO could reach $2.80, with long-term holders possibly accumulating during the price decline.
Description
The ONDO price action suggests that the asset is poised to repeat its history.
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