Mid-Cap

Technical Analysis Update on One Cryptocurrency –Ondo

January 21, 2025 | Team Kalkine
Technical Analysis Update on One Cryptocurrency –Ondo
Image source: shutterstock

ONDO
Investment Type
Crypto
Risk Level
Action
Rec. Price (AU$)

Cryptocurrency Overview: ONDO is a decentralized finance (DeFi) protocol that allows users to create risk-isolated, fixed-yield loans backed by yield-generating crypto-assets. What makes ONDO unique is its permissionless nature, meaning it does not require intermediaries or central authorities to facilitate transactions. Instead, users can directly interact on a peer-to-pool basis, enabling a more decentralized and transparent lending experience.  This Report covers the Price Action, Technical Indicators Analysis along with the Support Levels, Resistance Levels, and Recommendations on this cryptocurrency.

ONDO’s Technical Analysis:

On the daily chart, ONDO prices are sustaining above the falling trendline support level, indicating an upside movement. Moreover, RSI (14-period) is moving in a positive zone and showing a reading of ~48.12 level, indicating positive price momentum. Further, the CMP is moving above the trend following indicator 100-period SMA, which may act as the support level. An important support level for the crypto is placed at USD 1.140, while the key resistance level is placed at USD 1.530.

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