- ONDO forms another higher low, confirming bullish trend.
- Conservative price target set at $3.8.
- $6-$10 possible if Bitcoin dominance falls below 50%.
ONDO has once again confirmed its bullish structure by establishing another higher low. This is a key indicator in technical analysis that suggests continued upward momentum. Traders and investors closely watching ONDO have reason to stay optimistic as the token sets its sights on higher targets.
A higher low means that buyers are stepping in earlier during each price dip, which strengthens the case for another upward move. With this pattern in place, the next step is for ONDO to create a new higher high — a move that would confirm the continuation of the bullish trend.
Targets Ahead: $3.8 and Beyond
Analysts have now set a conservative price target at $3.8, which aligns with previous resistance zones. This level could serve as the next checkpoint in ONDO’s journey upward.
However, there’s a larger opportunity in sight. If ONDO breaks the current resistance line, particularly with favorable macro conditions, the price could rally significantly. The broader target range remains between $6 and $10, depending on market sentiment and broader crypto trends.
Bitcoin Dominance: A Key Factor
One major variable to watch is Bitcoin Dominance (BTC.D) — the market share of Bitcoin relative to the rest of the crypto market. Currently hovering above 50%, a drop below this threshold could signal a shift in capital towards altcoins like ONDO.
If BTC.D dips under 50%, it could trigger a strong altcoin rally, giving ONDO the momentum needed to smash through resistance levels. In such a scenario, reaching the $6-$10 range becomes a realistic target.
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