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ONDO crypto’s $2 test – Traders, watch out for THIS demand zone!
The recent market volatility has caused a significant downturn in the price of ONDO crypto, and traders are keeping a close eye on its potential movements. The cryptocurrency has shed 5.44% over the past 24 hours and its daily trading volume has fallen by 32%. As a result, the $2 mark is being closely monitored as it could be a turning point in the market’s trajectory.
In the lower timeframe price action, we see that the $1.9 zone is identified as a key support area. This suggests that ONDO crypto may fall to this level before potentially bouncing back upwards. Furthermore, the chart highlights a bullish structure and dips below $1.67-$1.8 can be used for buying opportunities.
The recent market events have led to a decline in price, but the overall sentiment remains bullish on higher timeframes. The momentum and market structure are still indicating that the asset is likely to continue climbing.
Source: ambcrypto.com
