Ondo Price escaped a bullish pennant model today while its TVL hit an all-time high. Can it recover from August losses? Ondo (ONDO) surged over 12% to $1.06 before settling at $1.01. The rally was driven by surpassing $1.5 billion TVL, fueled by strong growth in global markets and token ETFs. Whales accumulating ONDO could help sustain price gains. Technical analysis suggests potential for a 35% surge if Ondo breaks past $1.17. 📈🐋
Ondo’s positive price movement is supported by technical indicators like the convergence divergence of moving averages. Breaking above $1.17 could set the stage for a rally to $1.36. However, dipping below the 20-day EMA at $0.94 may invalidate the bullish setup. This article serves for educational purposes only. 📊🚀
https://altcoin.observer/ondo-price-comes-out-of-bulnish-pennant-can-he-erase-the-losses-of-august/
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