Resistance

<p>Prominent analyst Crypto Winkle shared on X (formerly Twitter) that <a href="https://captainaltcoin.com/ondo-set-to-resume-massive-rally-if-price-rebounds-from-key-support/" target="_blank" rel="noopener noreferrer nofollow">ONDO’s price</a> broke out from a falling wedge pattern. He noted that the token broke free from a bearish trend after 230 days of accumulation. Moreover, discussions over ONDO’s potential to reach new heights have been triggered by this technical move, and experts have set ambitious targets</p>
<p>The Falling Wedge pattern, characterized by lower highs and lower lows within narrowing trendlines, is typically a precursor to bullish reversals. ONDO’s breakout has been accompanied by increased momentum, hinting at growing buyer interest. Crypto Winkle has projected three price targets for ONDO—$1.55, $2.24, and $3.40—based on historical price zones and potential Fibonacci extensions.</p>
<figure class="wp-block-image aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="705" src="https://captainaltcoin.com/wp-content/uploads/2024/11/image-646-1024x705.png" alt="" class="wp-image-584643" srcset="https://captainaltcoin.com/wp-content/uploads/2024/11/image-646-1024x705.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-646-300x206.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-646-767x528.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-646-1536x1057.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-646-2048x1410.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-646-218x150.png 218w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-646-100x69.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-646-509x350.png 509w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-646-788x542.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-646.png 680w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption"><strong><em>Image Source: <a href="https://x.com/CryptoWinkle/status/1858738395729506609" target="_blank" rel="noopener noreferrer nofollow">X/CryptoWinkle</a></em></strong>
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<h2 class="wp-block-heading" id="key-levels-and-resistance-zones">Key Levels and Resistance Zones</h2>
<p><a href="https://captainaltcoin.com/expert-warns-of-potential-ondo-price-drop-heres-the-outlook/" target="_blank" rel="noopener noreferrer nofollow">ONDO’s price </a>action reflects clear support and resistance dynamics. The $0.65–$0.70 range has been a robust support zone, tested repeatedly during the prolonged accumulation phase. This level has now transitioned into a strong base for ONDO’s upward trajectory.</p>
<p>Resistance levels identified at $1.55, $2.24, and $3.40 correspond to both historical price clusters and projected targets by analysts. The breakout candle’s size and strength suggest a continuation of the bullish trend, supported by heightened market participation. Retests of broken resistance zones as support further validate the upward momentum.</p>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/why-is-hedera-hbar-price-pumping/" target="_blank" rel="noopener noreferrer nofollow">Why Is Hedera (HBAR) Price Pumping?</a></em></strong></p>
<h2 class="wp-block-heading" id="market-sentiment-and-social-media-insights">Market Sentiment and Social Media Insights</h2>
<p>Social media posts have fueled optimism about ONDO’s potential. Crypto Winkle’s tweet highlights Ondo Finance’s institutional-grade, on-chain financial solutions, which could drive interest from retail and institutional investors alike. Additionally, the mention of a potential Binance listing has added to market speculation.</p>
<p>Another analyst, Sjuul from AltCryptoGems reinforced bullish sentiment with a post declaring that ONDO’s price is “going higher as expected.” These community-driven narratives amplify trading volume and market interest, contributing to ONDO’s rising momentum.</p>
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   <p lang="en" dir="ltr">Good morning <a href="https://twitter.com/search?q=%24ONDO&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$ONDO</a> and good morning future condo owners!<br><br>We are just going higher as expected, much higher!<a href="https://t.co/nCJ0W95RH8" target="_blank" rel="noopener noreferrer nofollow">https://t.co/nCJ0W95RH8</a> <a href="https://t.co/W4r2pSr7Mv" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/W4r2pSr7Mv</a></p>— Sjuul | AltCryptoGems (@AltCryptoGems) <a href="https://twitter.com/AltCryptoGems/status/1858812468203507835?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">November 19, 2024</a>
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<p>With ONDO trading above its previous resistance zones, traders are monitoring the targets of $1.55, $2.24, and $3.40. The breakout from the Falling Wedge pattern has positioned ONDO for further growth, provided it maintains its support levels. While bullish sentiment dominates, the market will likely watch for consolidation or retests as indicators of sustained upward movement.</p>
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<p>The post <a href="https://captainaltcoin.com/ondo-price-breakout-is-a-surge-to-3-next-analysts-weigh-in/" rel="noopener noreferrer nofollow">ONDO Price Breakout: Is a Surge to $3 Next? Analysts Weigh In</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

ONDO Price Breakout: Is a Surge to $3 Next? Analysts Weigh In

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