ONDO: Bull Trend Flip Targets $0.45 Resistance
ONDO at $0.42 flips bull trend for first time in over a year as Michaël van de Poppe adds to altcoin portfolio with $0.45 target zone ahead.
SourceAnalysis
ONDO has flipped into a bull trend for the first time in over a year, prompting Michaël van de Poppe to keep the token in his active altcoin portfolio.
The trader flagged a quick retest at $0.34 followed by immediate resistance pressure, setting the stage for continuation toward the $0.45 highs. Broader RWA sector momentum is expected to lift correlated names including PLUME if ONDO sustains the move.
Price action on the 4h chart shows ONDO trading at $0.42 inside the Bollinger Bands with upper resistance at $0.43 while RSI sits at 71.16 in overbought territory and MACD registers a bullish golden cross at 0.02. With price testing upper Bollinger resistance at $0.43 while RSI flashes overbought at 71.16, a healthy retracement to the 50-EMA support at $0.37 seems probable before further continuation, as the 200-EMA at $0.35 continues to anchor the longer-term structure.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast