Indicator Perception & A Forecast For ONDO Price

6 באוג׳

With the recently witnessed liquidity grab candle, bullishness has been identified. But, the confirmation for the bullish trend to resume would be clear once ONDO Reacquires the lost level of $0.875.

The EMA band of 50 days has been above the price, which showcased the price broadly in the bearish territory. Despite that, due to a liquidity grab built on the chart, a resurgence gesture has been witnessed in RSI from extremely oversold territory, where it was last at 29.81. Likewise, the MACD histogram has reduced toward the zero line; based on a more bullish force, a bull cross is anticipated.

In the case of ONDO price advancement, the resistance could be present at $0.875 and $1.042, respectively. On the contrary, the loss of the demand zone would lead to a lower low, depending on the bears' strength.