Will Ondo Price ATH Breakthrough, Ignite the Run for $2 This Week?

The post Will Ondo Price ATH Breakthrough, Ignite the Run for $2 This Week? appeared first on Coinpedia Fintech News

The ONDO price has outperformed the top cryptocurrencies by becoming the best daily performer. Moreover, with the recent price pump it has achieved a new all-time high (ATH) of $1.80 and is presently trading at a discount of 4.86% from that level.

With a high possibility of a breakout rally, will the Ondo token maintain its dominance among the RWA tokens and achieve a new ATH soon? Let’s find out the short-lived Ondo price analysis at CoinPedia.

Ondo Crypto Forms a Bullish Price Pattern!

With a weekly return of ~73%, this altcoin has outperformed major tokens of the Real World Assets category. Moreover, with a 183% rally in the last 30 days, it has formed an expanding triangle pattern.

The Relative Strength Index (RSI) has breached the overbought range with a sharp rise. Moreover, with the average trendline on the verge of a breakout, this ONDO crypto token may continue rising during the upcoming days.

The Simple Moving Average (SMA) constantly supports the price chart in the daily time frame. This indicates a strong bullish outlook for the altcoin in the cryptocurrency market.

Will ONDO Price Hit $2?

If the market bulls continue dominating the crypto space, the Ondo coin price will retest its resistance level of $1.80. Furthermore, if the bullish sentiment sustains, this altcoin will surpass the psychological mark of $2 this month.

On the contrary, if a bearish trend reversal occurs, the ONDO token price will retest its support level of $0.150. Moreover, if the bears outrun the bulls, this altcoin could retest its lower support trendline of $0.165 in the upcoming time.

Will ONDO price hit $10 this crypto bull run? Read CoinPedia’s Ondo Price Prediction. Also, subscribe to stay updated with the latest news of the cryptocurrency world!

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