The ONDO token is showing signs of a bullish rally, maintaining momentum above the critical support level of $0.67. Analysts are predicting a strong upward trend if this support holds. A drop below $0.67 could signal a retracement toward the $0.58 support zone. Crypto analyst Ali (@ali_charts) recently shared an insightful chart on X, highlighting a potential recovery for ONDO. His analysis indicates that as long as the price stays above $0.67, a surge towards $1.15 appears likely. 💰 📈 The chart showcases a volatile journey with significant ups and downs but the recent stabilization above $0.67 suggests bullish momentum. This support level acted as both a psychological and technical floor, encouraging buyers to step in and defend it. A sustained price above $0.67 could signal a strong upward trend in the ONDO token, potentially reigniting interest in other altcoins. However, some analysts remain cautious, warning of a potential drop toward $0.58 if support is broken. Investor sentiment remains mixed on X with some users optimistic about an altcoin season while others seek clarity on related assets like APT and DOGE. The current market sentiment, marked by extreme fear as indicated by the Fear & Greed Index, could amplify volatility, making technical levels like $0.67 critical. Investors are urged to closely watch this support level, as a confirmed break could drastically change the short-term direction. This is particularly important given ONDO’s current ranking at #42 on CoinMarketCap and a market cap of $2.26 billion.
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