ONDOUSDT Hits New ATH – 200% Rally Ahead?ONDOUSDT Technical analysis update
BYBIT:ONDOUSDT has reached a new all-time high (ATH) after 185 days of consolidation. The price has surged over 180% from its previous bottom, demonstrating strong bullish momentum. With the breakout supported by increased trading volume, ONDO shows potential for another 100-200% move in the coming days.
Ondousdtperp
#ONDO/USDT#ONDO
The price is moving within a descending channel pattern on the 1-hour frame and is expected to rise after it has been largely committed to it
We have a downtrend on the RSI indicator that is expected to break upwards and we have a tendency to stabilize above it
We have a major support level in green at a price of 0.9200
We have a tendency to stabilize above the moving average 100
Entry price 0.9300
First target 0.9613
Second target 0.9925
Third target 1.03
The key is whether there is support near 1.3627Hello, traders.
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The key is whether there is support near 1.3627.
We need to check whether it can rise along the short-term rising channel after passing around June 15-21 (maximum June 14-22).
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If it fails to rise above 1.3627, we need to check how it moves after passing the trend reversal channel.
Be careful when trading because the trend reversal channel can fluctuate greatly.
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If it falls below the Fibonacci ratio of 0.5 (1.1109) ~ 0.618 (1.2093), it is expected to turn into a downtrend.
At this time, we need to check whether there is support near 0.9010.
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Have a good time.
Thank you.
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- Big picture
It is expected that a full-scale uptrend will start when it rises above 29K.
The section expected to be touched in the next bull market is 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (overshooting)
4th: 13401.28
151166.97-157451.83 (overshooting)
5th: 178910.15
These are points where resistance is likely to occur in the future.
We need to check if these points can be broken upward.
We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section.
#BTCUSD 1M
If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55
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