Rising Optimism: Will NEAR & ONDO Recover January Highs Soon? Technical Review For Potential Price Action

Cryptocurrency enthusiasts are keeping a close eye on NEAR and ONDO to see if these tokens can bounce back to their January heights. This article delves into the latest trends and technical indicators to assess whether these digital assets show promising signs of resurgence. Discover the potential factors that might drive their future performance. NEAR Protocol: Recent Dip, Rebound, and Key Technical Levels NEAR Protocol experienced an 11.22% drop over the past month and a drastic 47.82% decline over six months, with a recent one-week surge of 21.06% highlighting a volatile price swing. Price movements have been erratic, with sharp corrections followed by brief rebounds that underline the coin’s mixed long-term sentiment. The current trading range lies between $1.92 and $3.34, with solid support at $1.32 and resistance at $4.16, followed by an upper hurdle at $5.58. Technical indicators reveal slightly positive momentum and an RSI near 56, while the negative Awesome Oscillator signals lingering bearish pressure. Traders can consider buying near support and watching resistance for potential reversals. Ondo Shows Steady Growth with Emerging Bull Momentum ONDO price movements over the past month and six months have shown a consistent upward trend with a 10.82% monthly rise and a 23.38% increase over half a year. Weekly gains of 12.72% have added strength to its overall performance. The price has remained within a range that provides support and room for growth, implying stability over recent periods. Current pricing sits between $0.60 and $1.10, with a key support level at $0.41 and resistance near $1.42 and $1.92. Bulls are showing confidence as the price climbs steadily, though the trend is approaching a consolidation phase. Trading near support levels may offer entry points, while the resistance points could serve as targets for scaling out. Conclusion There is growing optimism for the NEAR and ONDO tokens as they aim to recover their January highs. Technical indicators suggest potential positive price action. If current trends and market conditions hold, both may see upward momentum. However, past highs are significant resistance levels they need to break. Investors will be closely monitoring these key resistance levels to gauge future movements. The next few weeks will be crucial in determining whether these tokens can reclaim their earlier peaks. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Source: Bitzo