Ondo is Underan after a sharp decline of 33% compared to its summits in May, reflecting an inclusive and growing downward mother through the market. Once an interpreter out of competition, the token has lost steam while the feelings of feeling and the action of the prices become decisively negatively. While some traders still take care of potential rebounds, many analysts now call for a break, warning that the current structure coup in the place of portraying the losses if the key levels do not hold.
The atmosphere around Ono remains disclosed. Some investors consider DIP as a healthy retirement in a wider rise, while ONTERS see it as the start of a larger correction. The high -level analyst Ali Martinez added to the priority prospects, noting that the ODD comes out of an ascending channel towards the downstream signal – in decomposition signal. This model suggests that Momntum is weakening and that the EL token.
With a technical level plane near the main levels and volume clarification, the next few days will be essential. If the ventilation continues, the price is revised of the previous consolidation zones. For the moment, current dominations Bearish, and the bulls must support the defense convincingly to prevent additional download.
Bulls have trouble holding strikes as risks increase
While the larger Altcoin market for a deficive decision, Ono remains trapped in a good strike, unable to establish a clear demand. The bulls have endeavored to recover Momntum or push the price above the critical supply areas necessary to maintain the long-term rise. With dominant sellars and the levels of pressure under pressure, the technical structure of Oondo fragile confronts.
Despite recent weakness, some market players are carefully optimistic about the longer -term potential for Ondo. Macro-recits around the tokenization of real assets continue to support the fundamental interest, but the action of short-term prices remains a challenge. The inability to maintain above the previous consolidation ranges suggests that buyers do not yet intervene with Annegh’s conviction to return the trend.
Ali Martinez has brought alarms by highlighting technical development concerning: Ondo comes out of an ascending channel – this download time. Historically, this model signals a change in the striking of the market and opens the way to more aggressive movements. Martinez’s prospects indicate a potential slide towards the level of $ 0.29, which marks significant ventilation of current prices.
For the moment, Ono exchanges in a vulnerable. If the bulls did not recover the high levels and restore Momntum, the Altcoin may access its decline. Howver, if the gesments and the larger market Stregth Ruurns, Ondo Coulf are still recovering in the coming months.
Ondo breaks the movable mediums of Beau while Bearish Momntum is built
Ondo is negotiated at $ 0.747 after failing to maintain the mobile keywords, with single 50 -day mobile averages ($ 0.93) and 200 days ($ 1.00). The price is now broken below the previous consolidation area, signaling the growth of Momnttum, the push.
The rejection of the level of psychology of $ 1.00 earlier this quarter added to the download pressure, and the rupture of the level of $ 0.80 confirms that the bulls lose control of the structure in the short term. If Ono continues to be negotiated below the two mobile averages, he may stand up to find a solid short -term request.
The key historical resistance remains $ 1.51, but with ONO at 50% of this level and the formation of a downstream striker, the risk of download continues to dominate. Ventilation less than $ 0.70 accelerates the fall, potentially targeting the range from $ 0.60 to $ 0.50 where the planned demand clusters were formed at the end of 2023.
For the bulls to find Momntum, Ono must recover the SMA of 50 days and close above $ 0.85. Until then, the graph promotes bears and the trend suggests caution for long positions.
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