ONDO Approaches Key Resistance With $0.92 Target in Sight

• ONDO tests key resistance at $0.80, aligned with the 200-day EMA; a break could target $0.92.
• A bullish reversal pattern forms amid rising interest, despite a slight recent dip of -1.77%.
• A positive correlation with M2 Global Liquidity adds macro support to the bullish outlook.

ONDO, the native token of Ondo Finance, is showing bullish signals of a potential breakout after weeks of market-based declines. Though the broader crypto market steadies itself, the token is beginning to command increased focus from investors and traders once again.

With the token trending on a robust Fibonacci retracement obstacle and assuming a bullish reversal form, the necessary groundwork may have been laid for a rapid pop to the positive.

Currently, ONDO is trading at $0.7795, with a 24-hour volume of $180.54 million, and a market cap of $1.09 billion. Even though the coin decreased slightly by 1.86% in the last 24 hours, indicators have identified a possible bullish reversal in the near term.