Ondo Stays Above $1 – Could ONDO Push to $1.50 With Lending Growth?
Ondo’s ability to maintain a firm hold above the $1 mark has fueled speculation about its next move, with many traders targeting $1.50 as the next major milestone. Backed by steady weekly and monthly gains and rising interest in crypto lending, ONDO’s current setup hints at further upside potential. This analysis looks at the key technical levels and market factors that could determine whether the rally extends.
Ondo (ONDO) Shows Positive Momentum with Room for Growth
Ondo (ONDO) is currently priced between slightly under a dollar and just over a dollar, showing some positive momentum. Its price has risen almost 12% in the past week and over 14% in the past month. Although it's still down more than 20% over the last six months, there’s potential for growth. The next resistance level is just over a dollar and fifteen cents, which ONDO might reach soon if the trend continues. Breaking through this could see it aiming for just over a dollar and thirty cents, representing a possible increase of about 20%. With a relative strength index under 50, ONDO still has room to grow.
Conclusion
With resistance levels in sight and an RSI still leaving room for growth, Ondo appears positioned for a potential push toward $1.30 and, eventually, the $1.50 target. Continued momentum in the lending sector could act as a catalyst, while holding above key support will be critical for sustaining the uptrend. If buying pressure persists, ONDO may remain one of the altcoins to watch in the near term.
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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