Ondo (ONDO) Plummets And Jupiter (JUP) Comes Under Pressure – What’s The Next Chapter For Their Prices?

Ondo and Jupiter are facing turbulent times. Ondo's value has dropped significantly, while Jupiter is also feeling the strain. The fate of these cryptocurrencies is uncertain. Readers will learn which coins show promise for recovery and potential growth. The article delves into expert opinions and market trends to forecast the future for Ondo and Jupiter.

Ondo Coin Price Analysis: Trading Levels and Market Momentum

Ondo experienced a 16.79% decline over the past month but achieved a slight gain of 0.61% over the last six months. Weekly performance showed a dip of 1.70%, with prices fluctuating between $0.75 and $1.37. The overall price behavior reflects a cautious market, lacking a solid upward trend and indicating potential volatility in the near term.

The current trading zone remains between $0.75 and $1.37, with support around $0.51 and resistance near $1.74. Bears currently dominate, driven by negative momentum and oscillator readings. Watching for a move above $1.74 may indicate bullish strength, while a drop below the support level could open further shorting opportunities.

Jupiter (JUP): Recent Downtrend with Key Levels to Watch

Jupiter experienced a sharp decline of approximately 34% over the past month, contributing to a nearly 48% drop over the last six months. Weekly performance shows a 7% loss, reflecting ongoing market pressure. The price movements indicate a significant downturn, negatively impacting market sentiment and pointing to minimal recovery in recent months.

Current trading occurs between about $0.57 and $1.01, with support around $0.38 and resistance at $1.26, followed by a barrier at $1.71. Bears dominate the market, and a clear trend has not developed. Traders may consider strategies focused on observing price action at key support for potential rebounds or cautiously testing resistance levels.

Conclusion

ONDO's recent decline has raised concerns, while JUP faces growing pressure. The next few weeks are crucial for both coins. Monitoring market trends and investor sentiment will be key. Analysts suggest possible recovery paths for ONDO if certain milestones are met. Meanwhile, JUP's price stability depends on overcoming current challenges. Both coins need to address their issues for potential rebounds. Investors should stay informed on updates and market indicators. The future remains open for both ONDO and JUP as they navigate the current market conditions.

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.