ONDOUSDT: Accumulate here, bouncing on support!!

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Ondo Finance is popular for bridging traditional finance with DeFi by tokenizing real-world assets. It targets institutional investors with compliant, secure, and liquid on-chain products. Ondo Global Markets offers tokenized U.S. securities, expanding access. The upcoming Ondo Chain, a Layer 1 blockchain, aims to support institutional-grade on-chain financial markets. This blend of TradFi and DeFi innovation drives significant interest in Ondo.

Let's analyze ONDOUSDT technically.

ONDOUSDT's historical trend shows bullish strength, consistently rebounding from trendline support. Now, it's bouncing off an upper support, forming higher highs and lows, confirming its uptrend. Despite a 65% drop from its peak, ONDO's strong fundamentals make it a prime accumulation target during this dip. This pattern suggests the potential for significant upward movement.

Key Levels:
Support:
$0.76 to $0.82
$0.56 to $0.60

Resistance:
$0.92
$1.47

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