lower Bollinger Band support
Ondo’s price has fallen to $0.71 as the cryptocurrency market experiences broad weakness, indicating oversold conditions according to technical analysis. Technical indicators reveal that the Relative Strength Index (RSI) is in an oversold state, highlighting potential buying opportunities for traders. Additionally, the price is nearing crucial support levels within the Bollinger Bands, suggesting that it may be testing the lower limit of this trading range. Market participants are closely monitoring these indicators for signals of a potential reversal or continuation of the downtrend.
