Indicator Perception & A Forecast For ONDO Price

6. Aug.

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.