Crypto King Mazhar

06/12 11:44

 Technically, ONDO kept increasing along the trend

 Technically, ONDO kept increasing along the trendline, and the support as it approached the $0.867 area. The price was circling around $0.88 and indication of pressure was seen as price retested trendline.

Provided this support beneath ONDO held, it may rebound back to the $0.90 area and even come a second time to challenge the swing high at around $0.98.

Nevertheless, a decrease to the levels under $0.867 could result in the pullback to $0.84 or even deeper.

The MACD indicated a deteriorating bullish trend, with the MACD line falling below the signal line ($0.0053) and heading into negative territory.

This reversal indicated possible near term weakness unless momentum could get restored.

The trend structure was intact in the meantime, though a confirmed break below the rising support would turn the sentiment bearish. The traders may observe $0.867 and $1 as directional validation areas.

Meanwhile, the price of XRP on the other hand saw modest gains in the last 24 hours while maintaining its stay around the $2.30 zone.

This stressed that the partnership did not have direct impact on prices of the crypto in the short-term but would in the long-term.

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