- ONDO price surged by 21%, reclaiming the $1 mark with bullish momentum after breaking the 200-day EMA.
- MACD and RSI indicators suggest continued upside potential as market sentiment turns 87% bullish.
ONDO’s price advanced by 21% in the last 24 hours and has regained the $1 mark. The price has been struggling since mid-December 2024, facing bearishness on the technical chart.
Ondo crypto price touched a high of $2.12 in December 2024. However, the price rise halted as buyers failed to maintain the bullish momentum. The bears took charge of the trend and pulled the price below key EMA levels.
However, the current breakout of the 200-day EMA suggests buyers are making significant efforts to take back control of the trend. Moreover, indicators are also suggesting bullish momentum.
According to CoinMarketCap data, currently, the ONDO crypto price is trading at $1.1752 with an intraday gain of 21%. The 24-hour trading volume is $447.52 million, and the market cap stands at $3.71 billion. The community sentiment is 87% bullish and 13% bearish.
Is ONDO Price Able to Cross The $2 Mark?
In the last two months, the Ondo price showed weakness, and bears succeeded in pulling the price below the 50-day and 200-day EMA curves. Luckily, the bulls won the battle and succeeded in breaking the 200-day EMA hurdle. It grabbed the attention, and new players came forward to push the price upwards.
The breakout looks trustworthy and sustainable, so investors could expect more upside moves. ONDO price analysis says bulls are dominating and trying their best to give the follow-up momentum. The price behavior is less volatile, so speculative activities are low.
The MACD indicator showed a sharp positive crossover, suggesting bullish momentum is likely to continue for a few weeks. The RSI at 51 also favors the buyers and indicates that more room for the upside is still open.
The ONDO price analysis indicates the rally has just begun, so new players can enter and participate in the rally. By looking at the technical chart, it can be said that the ONDO price may rise further and hit new highs in the upcoming days.
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