Spike

Elite

<p>The ONDO token is catching everyone’s eye in the crypto market. Looking at the charts, things are starting to heat up. Top analyst Crypto Winkle shared some insights on X (formerly Twitter) about the token.</p>
<p>He claimed that the 4-hour chart shows <a href="https://captainaltcoin.com/is-ondo-price-preparing-for-a-strong-breakout-heres-the-outlook/" target="_blank" rel="noopener noreferrer nofollow">ONDO’s price</a> breaking out of its pattern in a good way. Based on how things are moving, we might see ONDO climb to around $2.5, which would mean a pretty nice 60% gain from where it is now.</p>
<h2 class="wp-block-heading" id="ondo-chart-analysis-bullish-flag-pattern-and-breakout-observed">ONDO Chart Analysis: Bullish Flag Pattern and Breakout Observed</h2>
<p>The chart for ONDO reveals a bullish flag pattern, a technical structure known for indicating the continuation of an upward trend. This pattern is characterized by an initial price surge (flagpole) followed by a consolidation phase within parallel downward-sloping lines (the flag).</p>
<p>Crypto Winkle’s analysis shows that <a href="https://captainaltcoin.com/top-analyst-insists-perfect-storm-is-building-for-ondo-amid-struggling-ondo-price-action/" target="_blank" rel="noopener noreferrer nofollow">ONDO’s price</a> has broken above the upper boundary of the flag, confirming the breakout. This movement suggests that the upward momentum is resuming. The projection of the flagpole’s height suggests a price target near $2.5, marking a potential gain of approximately 60% from the breakout point.</p>
<figure class="wp-block-image aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="452" src="https://captainaltcoin.com/wp-content/uploads/2024/12/image-465-1024x452.png" alt="" class="wp-image-597010" srcset="https://captainaltcoin.com/wp-content/uploads/2024/12/image-465-1024x452.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-465-300x132.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-465-766x338.png 766w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-465-1536x678.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-465-2048x904.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-465-340x150.png 340w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-465-100x44.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-465-793x350.png 793w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-465-788x347.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-465.png 680w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption"><strong><em>Image Source: <a href="https://x.com/CryptoWinkle/status/1866797387768799662" target="_blank" rel="noopener noreferrer nofollow">X/CryptoWinkle</a></em></strong>
 </figcaption>
</figure>
<h2 class="wp-block-heading" id="technical-indicators-support-the-bullish-sentiment">Technical Indicators Support the Bullish Sentiment</h2>
<p>Key technical indicators reinforce the optimism surrounding ONDO’s price movement. The Exponential Moving Average (EMA) at $1.64 serves as a critical reference point, with the current price trading above this level. This position signals that buyers have the upper hand in the market.</p>
<p>The Moving Average Convergence Divergence (MACD) indicator is neutral at 0.00, yet the chart hints at a potential upward cross. This development could signal increasing momentum and further strengthen the bullish outlook for ONDO.</p>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/this-analyst-predicts-that-hnt-can-rally-6x-easily-helium-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">This Analyst Predicts That HNT Can Rally 6x Easily – Helium Price Prediction</a></em></strong></p>
<h2 class="wp-block-heading" id="ondo-price-targets-and-key-levels-to-watch">ONDO Price Targets and Key Levels to Watch</h2>
<p>The analysis identifies $2.5 as the primary resistance level to monitor, where selling pressure may emerge. On the other hand, the lower boundary of the flag serves as a support zone, essential for maintaining the upward trajectory.</p>
<p>Crypto Winkle’s tweet encapsulates the bullish sentiment, emphasizing the breakout and potential for strong upward momentum. With the current technical setup, ONDO/USDT remains a closely watched trading pair for market participants anticipating further price increases.</p>
<p>As <a href="https://coinmarketcap.com/currencies/ondo-finance/" target="_blank" rel="noopener noreferrer nofollow">ONDO’s price</a> continues to gain traction, traders are closely monitoring its performance to capitalize on the potential rally.</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/heres-why-ondo-price-might-see-a-60-spike-soon-elite-analyst/" rel="noopener noreferrer nofollow">Here’s Why ONDO Price Might See a 60% Spike Soon – Elite Analyst</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Here’s Why ONDO Price Might See a 60% Spike Soon – Elite Analyst

Table of Contents

CaptainAltcoin

Other articles published on Dec 11, 2024

Eric Trump Says Bitcoin is a Better Investment Than Real Estate, Highlighting Liquidity and Futur...

[Bitop Review] Google's Quantum Chip Boosts Stock Price by 5%, But Might Threaten Bitcoin? Micros...

Unlock 300% Potential Growth for Next Month: Top 5 Altcoins Poised for a Breakout

Nine Altcoins to Buy Right Now Amid $1.6 Billion Crypto Liquidations

Bybit Expands On-Chain Earn Offering with SUI Staking

Binance & Circle Partner to Embrace USDC Stablecoin Adoption

Join our free newsletter for daily crypto updates!