Is it a Good Time to Invest in ONDO as it Nears All-Time Highs?

Money | July 7, 2024, 9:53 p.m.

ONDO's price has dropped by more than 1.4% in the last 24 hours, leaving investors wondering whether now is the right time to buy. Despite this decline, the token is resting at a crucial level that could potentially trigger a bull rally in the near future. According to CoinMarketCap's data, ONDO is currently trading at $0.9838 with a market capitalization exceeding $12.36 billion. Analysts are optimistic about the token's future, with 65% of investors currently in profit. Additionally, high buying pressure and a bullish flag pattern on the daily chart suggest that ONDO may soon retest its June highs. While the MACD shows a bearish advantage, the Chaikin Money Flow and Money Flow Index indicators point towards a possible breakout. With the potential for significant gains, now may be a good time for investors to consider buying ONDO while it remains at a low price.