Ondo

bullish

Rally

World

<p>World Of Charts made a post that shows that Ondo has recently bounced strongly, indicating resilience after a downtrend. Currently, the price is correcting and has reached an important support area. This crucial zone will determine whether Ondo can maintain its bullish momentum.</p>
<p><a href="https://x.com/WorldOfCharts1/status/1856594545653494055" target="_blank" rel="noopener noreferrer nofollow">The crypto analyst</a> expresses a desire to accumulate more positions if Ondo holds this level during a retest, viewing it as a strategic buying opportunity.</p>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/xrp-primed-for-major-move-as-key-technical-indicators-show-bullish-potential/" target="_blank" rel="noopener noreferrer nofollow">XRP Primed for Major Move as Key Technical Indicators Show Bullish Potential</a></em></strong></p>
<h2 class="wp-block-heading" id="breakout-from-descending-channel-is-a-bullish-signal">Breakout From Descending Channel Is a Bullish Signal</h2>
<p>The analysis of the ONDO/USDT trading pair reveals that Ondo has broken out of a <a href="https://www.babypips.com/forexpedia/descending-trend-line#:~:text=A%20descending%20trend%20line%20acts,it%20is%20a%20bearish%20trend." target="_blank" rel="noopener noreferrer nofollow">descending trendline, </a>suggesting a shift from bearish to bullish sentiment. The strong bounce from a lower support level reinforces the asset’s ability to reverse its previous downtrend.</p>
<p>If Ondo successfully holds this support area, there is significant potential for a massive rally. The breakout from the trendline, coupled with recent bullish activity, indicates that buyers are gaining control.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="580" src="https://captainaltcoin.com/wp-content/uploads/2024/11/image-453-1024x580.png" alt="" class="wp-image-582322" srcset="https://captainaltcoin.com/wp-content/uploads/2024/11/image-453-1024x580.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-453-300x170.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-453-768x435.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-453-1536x870.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-453-2048x1160.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-453-265x150.png 265w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-453-100x57.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-453-618x350.png 618w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-453-788x446.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-453.png 1919w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>The analysis projects a possible rally of approximately 110%, with a target price of around 1.70 USD, which presents a substantial upside from current levels.</p>
<p>However, there are risks involved. If Ondo fails to maintain the current support, it could invalidate the bullish outlook and lead to a deeper correction. Thus, the strategy relies heavily on the support level holding during the retest phase.</p>
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<p>The post <a href="https://captainaltcoin.com/ondo-set-to-resume-massive-rally-if-price-rebounds-from-key-support/" rel="noopener noreferrer nofollow">ONDO Set to Resume Massive Rally if Price Rebounds from Key Support</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

ONDO Set to Resume Massive Rally if Price Rebounds from Key Support

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