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Ondo Token Shows Potential As It Bounces Off Support Boundaries
The token is developing another downward channel pattern and is presently rebounding from the lower support line on the daily chart. If this pattern is validated, there is potential for the price to advance towards targets at $0.90, $1.05, $1.30, and $1.60.
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AI Analysis
The recent formation of a descending channel pattern suggests a bearish trend in the short term, but the bounce off the lower support boundary indicates buying interest at these levels. If the bounce ...
AI Recommendation
Given the current technical setup, a cautious approach would be advisable. Watching for confirmation of the bounce off support and subsequent breakout above the upper channel line could offer better e...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.
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