Ondo Price Prediction for Today, November 30 – ONDO Technical Analysis

Ondo Price Prediction: Bullish Momentum Continues with Potential for Further Growth

Over the past 24 hours, Ondo's price has surged by 7.80%, reaching a daily high of $1.27. This upward trend follows a remarkable surge since its all-time low of $0.08355 on January 18, 2024, resulting in a gain of over 1400%.

Ondo Key Statistics

• Current Price: $1.26
• Market Cap: $1.75 billion
• Circulating Supply: 1.39 billion
• Total Supply: 10 billion
• CoinMarketCap Ranking: #64

Bullish Trend and Key Levels

• Key Resistance Levels: $1.50, $1.60, $1.70
• Key Support Levels: $0.95, $0.85, $0.75

Ondo's bullish trend, which began on November 10th, has seen breaking of key resistance levels and consistent buying opportunities. The recent price surge has pushed it past the $1.10 level.

Ondo Price Prediction: Potential Spike Above $1.50

If the buyers maintain the price above the 9-day and 21-day moving averages, Ondo may rise above the resistance level of $1.30. However, the key resistance zone remains at $1.25. Market dynamics, including Bitcoin's price action and dominance, may pose short-term risks.

Consolidation and Potential Pullback

In the short term, Ondo may experience some consolidation, retracing to the $1.10 – $1.00 range. This pullback presents a favorable buy opportunity, with potential for a decline of 12-21% from the current price. Potential resistance levels lie at $1.50, $1.60, and $1.70.

Ondo/BTC Outlook

Against Bitcoin, Ondo may cross above the upper boundary of the channel if the bulls gain momentum. Resistance is likely at 1400 SAT and 1550 SAT. Support may be found at 1000 SAT, although the 9-day MA remains above the 21-day MA, indicating potential for an uptrend.

Alternatives to Ondo

Pepe Unchained (PEP) has gained traction in the meme coin space, raising $60 million in its ICO. With major exchange listings on the horizon, PEP is expected to continue its growth potential.