Near Protocol & Ondo Bullish Setup: Key Pattern Formation Suggests Explosive Upside
A potential surge in two cryptocurrencies has caught the crypto market's attention. Near Protocol and Ondo are showing promising signs of upward movement. Keen analysts have identified a pattern that hints at a significant rise. This article reveals which coins are on the cusp of rapid growth and why they might be the next big thing.
NEAR Protocol: Price Correction and Key Levels for Traders
NEAR Protocol lost around 8% in the past month, reflecting a deeper decline of nearly 18% over the last six months. Price corrections marked the coin's behavior, with trading figures indicating a period of decreased buying enthusiasm. Technical indicators highlighted waning momentum and increased selling pressure, resulting in volatility within the market. Attempts to stabilize have been evident, yet downward adjustments kept the coin in a defensive stance, leading traders to adopt a cautious approach.
Currently, NEAR Protocol trades between approximately $2.00 and $3.08, facing resistance at $3.63 and support around $1.47. The next resistance level is $4.71, with additional support near $0.39. Bears currently dominate, as negative momentum suggests further downward pressure. The lack of a clear trend, with the RSI near a neutral level at 46.51, indicates uncertainty. Traders are advised to confirm a bounce from the $1.47 support before accumulating, while a break above $3.63 could signal bullish opportunities.
Ondo (ONDO) Price Review: Recent Downturn and Key Trading Levels
ONDO declined by 4.31% over the past month and dropped 19.86% in the last half year. A weekly decline of 6.04% reflects ongoing downward pressure. Prices fluctuated between $0.71 and $1.15, indicating market caution and a wary investor sentiment.
Current trading levels show the coin hovering within a defined range. The nearest support is at $0.51 and the closest resistance is at $1.38. A secondary resistance at $1.81 and an additional support level at $0.07 provide further context for potential price movements. The Awesome Oscillator indicates slight bullish momentum at 0.008, while the momentum indicator is negative at -0.057 and the RSI stands at 47.54, suggesting bearish pressure. Trading ideas include monitoring for a bounce at $0.51 for potential buying, and a breakout above $1.38 could signal renewed bullish momentum.
Conclusion
NEAR and ONDO show strong potential for growth due to a key pattern formation. This setup could lead to significant price increases. NEAR's technological developments and ONDO's innovative approach are driving investor interest. Both coins are displaying bullish indicators in the market. The observed patterns suggest favorable conditions for a substantial upward movement. Investors and traders are closely watching these trends for possible opportunities.
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.
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