The cryptocurrency market is closely watching Ondo as it attempts to break through a major resistance level. Experts believe that if this breakout is confirmed, it could lead to a doubling of the price and bring the token closer to $3. The current price of Ondo is trading within a descending channel and is trying to find an entry point for a reversal. The breakout would mark the start of a new bullish phase for the token. While there have been some fluctuations, there is a rising trend with a possible goal of reaching 2x the current rate. The zone of resistance has been a limitation for Ondo in the short-term, but if it clears this area, the price could surge upwards with $3 as the next resistance level. However, there is also a significant support level that needs to be upheld to eliminate bearishness. The activity surrounding Ondo is congruent with other cryptocurrencies in the market, indicating a possible bounce back for the altcoin market. The breakout confirmation pattern could also attract investors back into other assets that are near resistance levels. The performance of Ondo during this time may provide valuable insights for the entire crypto market.



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