NEAR Protocol Set For A Bullish Bounce Post Correction, And ONDO Confronts A Key Reversal – Key Levels To Monitor This Week

NEAR Protocol and ONDO are capturing attention this week. Following a recent price pullback, NEAR seems poised for a rebound. ONDO, on the other hand, faces a critical turning point. This article delves into the key price levels to watch for both cryptocurrencies, offering insights into potential growth opportunities for savvy investors.

NEAR Protocol Market Trends and Key Levels Analysis

NEAR experienced a volatile month with a 24% drop and a significant 41% decline over the past six months. A slight weekly recovery of 6% brings some optimism, despite the overall downward trend. Price fluctuations indicate stress under bearish conditions, with extended periods of pressure contributing to the recent performance.

Current trading ranges fall between $2.31 and $4.25, with a key support near $1.55 and resistance at $5.44. Indicators such as a 41 RSI and a negative Awesome Oscillator suggest seller dominance amid a sideways trend. Traders may consider buying near the support level and setting targets just below the resistance for potential reversals.

Ondo Price Trends: Past Volatility and Current Market Levels

The past month saw a sharp 34% decline, contrasting with a solid 28% gain over the last six months. Price figures moved between $0.75 and $1.37, reflecting significant swings. This period illustrates stress in the short term and a recovery trend over a longer timeline.

Current price activity places ONDO between $0.75 and $1.37, with key support at $0.51 and resistance at $1.74. Indicators show mixed signals, with slight bearish hints from a below 50 RSI and negative momentum. The market lacks a strong trend, suggesting traders should consider strategies within these levels and watch for a clear break above resistance for potential opportunities.

Conclusion

NEAR is expected to bounce back after a recent correction, showing potential for upward movement. ONDO, on the other hand, is facing a crucial point that could determine its next trend. Both coins have significant levels to watch closely this week. Investors should monitor NEAR for potential gains and keep an eye on ONDO for any signs of reversal.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.