Bittime - Altcoin, an alternative crypto asset, is projected to have a great chance of experiencing a significant price increase.
ONDO Finance ($ONDO) is one of those projected to stand out by experiencing an extraordinary price surge, signaling the resumption of a positive cycle in the crypto market.
On the other hand, a surge in bullish momentum pushed ONDO price to break through the upward volatility contraction pattern. Does this signal the start of ONDO's long-term upward trend in 2024?
ONDO Finance ($ONDO) Performance: Heading for a New Bullish Cycle?
ONDO price showed a significant bullish recovery, surging nearly 13%. This indicates the possible start of a new bullish cycle.
However, price movements on the 4-hour chart still show a sideways trend. A stronger price spike is needed to definitively confirm the uptrend.
How to Buy Crypto
ONDO Market Shows Bullish Recovery Potential
After failing to break resistance above $1, ONDO price movement is currently consolidating in a symmetrical triangle pattern on the 4-hour chart.
However, the 50 and 200 EMA indicators are still showing a positive trend and acting as dynamic support for the price.
The price recovery wave started with a push from the 200 EMA, breaking the $0.88 level and the 50% trend-based Fibonacci level. This opens up opportunities for the continuation of the bullish trend with a breakout of the upper trend line of the symmetrical triangle.
Further, a 105% rise in trading volume supports the recovery momentum and increases the chances of a bullish breakout.
Additionally, the recent price bounce also helped prevent a death cross between the 50 and 200 EMA on the 4-hour chart.
Potential Increase in ONDO Token Price Past $1 Driven by Bullish Sentiment
The price of the $ONDO token is currently trading at $0.8755 with a market capitalization that has crossed the one billion dollar mark.
The ongoing bullish momentum shows the potential for an increase in the price of $ONDO, however, to achieve a positive long-term trend, the token price needs to break through the existing resistance line (overhead).
Based on Fibonacci level analysis, if the bullish rally manages to break through the resistance line, ONDO price has the potential to reach level 1,618 at $1.32, which means a significant increase of 50%.
This is certainly an interesting opportunity for investors who want to take advantage of this bullish momentum.
Check Crypto Prices Today:
ONDO/IDR Price Today
Quoted from the Bittime page, ONDO is currently experiencing an increase of 8.25% in the last 24 hours. Currently ONDO is trading at IDR 14,474.
How to Buy Ondo Finance (ONDO) on Bittime
You can buy and sell Ondo Finance (ONDO) in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
Ondo Finance (ONDO) is available on Bittime with the ONDO/IDR market pair . To be able to buy ONDO IDR at Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn the complete guide on how to buy Ondo Finance (ONDO) on Bittime .
Monitor the price chart movements of Ondo Finance (ONDO), Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
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DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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