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As prophecies of an altcoin collapse come to life, some experts are still clinging to slim hope. But the future is seriously bleak for ONDO. This RWA cryptocurrency is fluctuating under the weight of bearish technical signals and a renowned analyst warns: a key support could give way and trigger a dizzying fall. The market is holding its breath and scrutinizing every move of this once promising altcoin.
Key support: a critical issue for ONDO
ONDO Finance, once at its peak, is going through a critical period. After reaching peak at $2.14crypto RWA has lost more than 30% of its value and has stalled at the key $1.46 level. But according to Ali Martinez, a renowned analyst, that support could recede. Evokes a dark omen:
” $ONDO appears to be forming a head and shoulders pattern. A decisive close below $1.48 could lead to a 30% correction, i.e. a decline towards $1.05. »
The stakes are huge:
- Crossover resistance to cancel the decline: $1.86;
- Current critical point: $1.46;
- Leakage Remedial Risk: $1.05.
These ice figures attract the specterdescent into hell for ONDO and its investors. Even worse, some are predicting that this year’s crash could shake the entire crypto market.
Crypto trading: a domino effect to fear
The ONDO case goes beyond simple altcoin fluctuations. If this cryptocurrency crashes, the consequences can be systemic. One netizen confidently asserts this:
” ONDO will not fall alone. If this happens, expect shock waves throughout the market, including Bitcoin. »
The technical picture also remains worrying. A panicked market from major bearish signals risks triggering a cascade of sell-offs. Optimists hope rebound above $1.50but the time has come to doubt. Seasoned traders are eyeing the $1.71 threshold as a potential pause before a recovery… or a debacle.
ONDO is therefore just one piece of a much larger puzzle. In the shadow of RWA lies an estimated $30 trillion opportunity by 2030. Will the tide turn in favor of altcoins? Only time will tell.
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The blockchain and crypto revolution is in full swing! And on the day the effects are felt by the most vulnerable economy in this world, I will say against all hope that I had something to do with it
DISCLAIMER OF LIABILITY
The comments and opinions expressed in this article are solely those of the author and should not be considered investment advice. Before making any investment decision, do your own research.