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Ondo (ONDOUSD) Presents a Strong Resistance Level

Johnathon Fox
12/13/2024 | UPDATED ON: 12/13/2024

Ondo (ONDOUSD) Price Forecast: December 13

The Ondo pair presents a strong resistance level as it hovers above the resistance trend line, drawing attention to its remarkable rally. The digital asset is gradually gaining traction and may continue with the high demand, provided buyers don’t give up and put more buying pressure. The price target to watch out for could be as high as the $2.00 upper resistance, indicating strong buying interest.

Key Levels:
Resistance Levels: $1.850, $1.900, $1.950
Support Levels: $0.580, $0.570, $0.560

ONDO (USD) Long-term Trend: Bullish (Daily Chart)

The ONDOUSD market presents a strong resistance level and remains in an uptrend, suggesting it could reach the highly anticipated level in its long-term outlook.
Ondo (ONDOUSD) Presents a Strong Resistance Level
The high bullish impact on the crypto at the $1.787 resistance level in the previous session has enabled the coin price to present a strong resistance level and remain in an uptrend in its recent high.

Today, the Ondo price shows a strong resistance level at $1.901 above the EMA-50 as the daily session opens, gunning for the upper boundary of the range.

Therefore, the price would remain in an uptrend if the bulls could regroup and touch the $1.949 high level. The breakout is likely to give buyers a significant footing to bolster further rally.

In addition, the daily stochastic indicates an upward trend, suggesting that the Ondo price will continue to present a strong resistance and remain in an uptrend to reach the $2.00 upper resistance level soon in its long-term outlook.

ONDO (USD) Medium-term Trend: Bullish (4H Chart)

The ONDOUSD price is steadily gaining traction as it presents a strong resistance level and remains in an uptrend in the medium-term outlook.
Ondo (ONDOUSD) Presents a Strong Resistance Level
The high bullish pressure on the crypto in the past few hours has sustained the coin price to remain in an uptrend at its recent high.

Despite the interaction from the bears, the Ondo pair presents a strong resistance at the $1.901 level above the EMA-50 as the journey up north continues after the 4-hourly chart opens today, indicating that the bulls remain dominant and have the market price at their disposal.

Further increase in the buying pressure will lead the price of ONDOUSD to the upper resistance level, fueling speculation about its next potential breakout.

In addition, as the Ondo pair presents a strong resistance level, we will now be looking at the continuity of the bullish run as the price projector points upwards, indicating an uphill momentum. From the look of things, the crypto will keep growing, and the $2.00 supply value might be the target in the days ahead in its medium-term outlook.

Buy Ondo on eightcap.com

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About Johnathon Fox

Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.

View all posts by Johnathon Fox →
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