Ondo is experiencing a minor recovery in the market, with a 10% surge in the past 24 hours and a current trading price of $0.8885. The cryptocurrency is aiming to reclaim its $2.8 billion market cap and potentially reach the $1 milestone. The ONDO price trend shows a quick reversal and is currently trading at 0.8898. The coin is trading near the 78.60% Fibonacci level, with an intraday rise of 7.36%. The MACD and signal lines suggest a potential bullish crossover, but the 50 and 200 EMA lines are close to a death cross event. Based on Fibonacci levels, if the recovery continues, ONDO is expected to retest the 200 EMA line and potentially reach a price target zone between $1.12 and $1.14. However, if there is a post-retest reversal, the coin may experience a pullback to the $0.59 support level. The surge in new addresses for ONDO is supporting the chances of a bullish recovery, with a 390% increase in the number of new addresses. This rise in demand is likely contributing to the ongoing price surge.



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