ONDO: Analyst Flags Reversal on Strong Chart

Michaël van de Poppe posted that ONDO displays a fairly strong chart setup pointing to an upward reversal for the token and broader altcoin markets.

Price sits at $0.48 inside the Bollinger Bands with upper resistance at $0.51 and lower support at $0.45. The EMA50 at $0.49 caps near-term moves while the EMA200 at $0.45 anchors the longer-term floor. RSI at 48.71 stays neutral and MACD has printed a bullish golden cross, creating confluence that favors a test of the upper band before any deeper pullback. Over the past six months ONDO price prediction models have repeatedly hinged on such MACD flips coinciding with Bitcoin strength. Traders watching altcoin market reversal now eye whether this setup can lift ONDO above the EMA50 and reduce Bitcoin dominance pressure.