Recovery Signs

ONDO, the native token of a decentralized finance protocol, is displaying signs of recovery after a notable price dip. On August 5, the token reached a low of $0.52, but over the last week, it has rebounded by 7%, indicating a potential turnaround in its market trajectory.

Technical Indicators

The token's recent surge has attracted the attention of traders and analysts, contributing to a growing sense of optimism towards ONDO. The increase, coupled with a further 4.3% rise in just 24 hours, points to evolving bullish sentiment within the market.

Bullish Predictions

Crypto analyst Captain Faibik has made waves with a positive forecast for ONDO, analyzing a falling wedge pattern that suggests the possibility of a significant price rally by Q4 2024. Faibik encourages traders to accumulate ONDO, predicting a new all-time high may soon be on the horizon.

Source: https://ambcrypto.com/ondo-sees-7-increase-will-the-token-reach-an-ath-in-q4-2024/

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