Ondo (ONDOUSD) Price Forecast: March 26
ONDOUSD has the potential for a bullish continuation as the coin trades above the supply trend levels. The nearest resistance of the crypto is between levels $0.8932 to $0.9249, whereas the most immediate resistance is found around $0.9249. There is a higher probability of a price-breaking resistance zone if the buy traders can double their efforts.
Key Levels:
Resistance Levels: $0.900, $0.9100, $0.9200
Support Levels: $0.600, $0.500, $0.400
ONDO (USD) Long-term Trend: Bullish (4H Chart)
Ondo has a potential for bullish continuation as the coin can be seen moving in a bullish direction on the chart below. The coin price now trades in the upper channel of the market and confirms a bullish race. This is due to the high impact of the buy investors in the coin market.
The sustained bullish impact to a $0.9492 supply level in the last session has made it possible for the coin to remain in an uptrend in its recent high.
After completing the lows at $0.8904 value, the bulls made a pullback at a $0.9249 high mark above the supply levels as the daily chart opens today. This gives room for a potential bullish continuation and further growth. Thus, a break above the $0.9492 previous high point would intensify the buying pressure on the crypto.
Next, is the fact that the ONDOUSD market is pointing upwards on the daily stochastic, this will draw more buy traders to the market for a bullish continuation pattern, if that occurs the price could further climb toward a $1.000 upper high level and this will add to the bullish race in the future in its long-term outlook.
ONDO (USD) Medium-term Trend: Bullish (1H Chart)
In the medium-term time frame, the price of ONDOUSD made higher highs and higher lows, but recently, the trend has changed with the price in red slightly above the moving averages. 
However, staying above the supply mark will give the coin buyers the potential for a bullish continuation and the tendency to influence price actions.
Ondo price at the $0.8933 low level can be seen above the moving averages; therefore, if the bulls increase their tension in the market, the price tendency will rise above the key levels.
In addition, if the bulls can change their orientation and exchange hands with the bears at the mentioned support, the Ondo price might continue its bullish trend and this may get to the $1.000 upper resistance value amid sustained buying pressure in the coming days in its medium time frame.
Buy Ondo on Longhornfx
Leave a Reply