Ondo

<p>Ondo price has had some good times; one of the recent ones is the four-week rally that saw it break some key resistance and reach a new all-time high. So, what’s next for the token price?</p>
<p>A crypto analyst Kyren from the X has noted a potentially game-changing scenario developing for ONDO. In his words:<em> “The perfect storm for $ONDO is loading.”</em> The analyst points to<a href="https://www.ccn.com/education/crypto/paul-atkins-trumps-pro-crypto-sec-chairman-nominee/" target="_blank" rel="noopener noreferrer nofollow"> Paul Atkins’</a> involvement and Ondo’s established connections in the TradFi tokenization space as key catalysts.</p>
<p>According to the analyst, Securitize emerges as the central player, orchestrating relationships between Ondo, BlackRock, and regulatory frameworks.</p>
<p><a href="https://x.com/noBScrypto/status/1865968528190554276" target="_blank" rel="noopener noreferrer nofollow">The analyst emphasizes </a>Ondo’s strategic position through its connection with Securitize and subsequent BlackRock partnerships. Notably, Ondo utilizes BUIDL in their OUSG offerings, demonstrating their integration with institutional-grade financial products. The SEC-vetted status of Securitize’s platform adds a layer of regulatory compliance to Ondo’s operations.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="933" src="https://captainaltcoin.com/wp-content/uploads/2024/12/image-370-1024x933.png" alt="" class="wp-image-595529" srcset="https://captainaltcoin.com/wp-content/uploads/2024/12/image-370-1024x933.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-370-300x273.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-370-767x699.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-370-1536x1399.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-370-2048x1866.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-370-165x150.png 165w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-370-100x91.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-370-384x350.png 384w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-370-788x717.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-370.png 843w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<h2 class="wp-block-heading" id="ondo-price-action-with-fibonacci-retracement-analysis">ONDO Price Action With Fibonacci Retracement Analysis</h2>
<p>Despite the optimistic outlook, ONDO has experienced significant price volatility.</p>
<p><a href="https://captainaltcoin.com/render-rndr-to-continue-rally-if-this-support-holds-whats-next-for-ondo-price-after-new-all-time-high/" target="_blank" rel="noopener noreferrer nofollow">The price of ONDO spiked </a>by more than 200% between November 5 and December 4. Since then, the price has struggled to break above the resistance at around $1.78. After multiple attempts, the price started to decline.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="483" src="https://captainaltcoin.com/wp-content/uploads/2024/12/image-368-1024x483.png" alt="" class="wp-image-595513" srcset="https://captainaltcoin.com/wp-content/uploads/2024/12/image-368-1024x483.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-368-300x142.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-368-767x362.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-368-1536x725.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-368-2048x967.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-368-318x150.png 318w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-368-100x47.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-368-742x350.png 742w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-368-788x371.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-368.png 1835w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>The ONDO price has experienced a decline of more than 13% in the last 3 days. However, this looks like the beginning of a long retracement, especially if some key supports fail to hold.</p>
<p>The first major support level is around $1.45. If this level holds, we might expect a price recovery. This level is crucial because it also represents the top of the descending channel pattern that the price broke out from a few weeks ago.</p>
<p>If this area fails to hold, we might see another support level at around $1.23, which would represent an additional 15% decline.</p>
<p>Generally favorable market conditions could be crucial for a major price recovery.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="483" src="https://captainaltcoin.com/wp-content/uploads/2024/12/image-369-1024x483.png" alt="" class="wp-image-595521" srcset="https://captainaltcoin.com/wp-content/uploads/2024/12/image-369-1024x483.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-369-300x142.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-369-767x362.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-369-1536x725.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-369-2048x967.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-369-318x150.png 318w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-369-100x47.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-369-742x350.png 742w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-369-788x371.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-369.png 1835w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>Using the <a href="https://www.babypips.com/learn/forex/fibonacci-retracement" target="_blank" rel="noopener noreferrer nofollow">Fibonacci Retracement Levels</a>, the support at $1.45 remains crucial as it aligns with the 0.382 Fibonacci level. Additionally, the next Fibonacci retracement level of 0.5 is at around the $0.23 support.</p>
<p>The subsequent levels are 0.618 at $1.10 and 0.786 at around $0.88. All these levels represent possible recovery points. If one support breaks, then the next could offer some hope.</p>
<p><em><strong>Follow us on <a href="https://x.com/CaptainAltcoin_" target="_blank" rel="noopener noreferrer nofollow">X (Twitter)</a>, <a href="https://coinmarketcap.com/community/profile/CaptainAltcoin/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap </a>and <a href="https://www.binance.com/en/square/profile/captainaltcoin" target="_blank" rel="noopener noreferrer nofollow">Binance Square</a> for more daily crypto updates.<br>Get all our future calls by joining our <a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram group.</a></strong></em></p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/etoro-ca-1-oyc386si1bdrmhrff7xex5ngu4zikfy3ei6bk0rbb6.png" width="500" alt="We recommend eToro" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-etoro-target-_blank-rel-noopener-noreferrer-nofollow-span-we-recommend-etoro-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <span>We recommend eToro</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20"><strong>Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. <a href="https://www.etoro.com/customer-service/terms-conditions/trading-restriction/" target="_blank" rel="noopener noreferrer nofollow">Take 2 mins to learn more</a></strong>
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> Visit eToro Now </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Active user community and social features like news feeds, chats for specific coins available for trading. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Copy trading: allows users to copy the trades of leading traders, for free. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/top-analyst-insists-perfect-storm-is-building-for-ondo-amid-struggling-ondo-price-action/" rel="noopener noreferrer nofollow">Top Analyst Insists ‘Perfect Storm’ is Building for Ondo Amid Struggling ONDO Price Action</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Top Analyst Insists ‘Perfect Storm’ is Building for Ondo Amid Struggling ONDO Price Action

Table of Contents

CaptainAltcoin

Other articles published on Dec 9, 2024

ADA Price Prediction: Cardano on the Brink of a 30% Breakout

Ripple VS SEC: Garlinghouse Reveals $150M Loss in SEC Battle, Slams Gensler

🗒 Daily Newsletter | Monday, December 09, 2024

Bill Hughes Critiques Caroline Crenshaw’s Stance on Cryptocurrency Regulations

Is This the Best Time to Buy? Experts Tout XRP, Cardano, PEPE, and XYZVerse Before the Christmas ...

Will Trump’s Bitcoin Reserve Plan Become a Reality? MicroStrategy CEO Weighs In

Join our free newsletter for daily crypto updates!