The ONDO token has experienced a significant surge in value, increasing by 36% and reigniting bullish sentiment among investors and analysts. The cryptocurrency has shown resilience by bouncing sharply from a key support zone, indicating a potential reversal in its recent downtrend. The token's price aligns with the 38.20% Fibonacci retracement level, which has historically acted as an accumulation zone. The momentum indicators for ONDO also suggest a strengthening bullish case, with the Relative Strength Index and Moving Average Convergence Divergence indicator both displaying positive trends. If this bullish sentiment continues, ONDO is anticipated to challenge its immediate resistance at the 50% Fibonacci level and potentially reach targets of $1.91 and $2.40. However, a shift in market momentum to the downside could result in price corrections and a retest of key support levels. Market analysts and technical indicators are supporting the notion of a strong uptrend for ONDO, with potential significant gains forecasted.



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