MIND of Pepe (MIND) Price Surges Over 14% as Investors Go Long on the AI Meme Coin

The Ondo price surged over 14% in the last 24 hours to trade at $1.17 as of 6:10 a.m. EST as investors go long on the crypto.

The Ondo price surged more than 14% in the last 24 hours to trade at $1.17 as of 6:11 a.m. EST on Friday.

The crypto is trading in a positive range, and it could soon try to overcome the $1.1904 resistance to rise as high as $1.2419.

However, a sudden sell-off due to profit-taking or a change in market trends could result in the Ondo price falling out of the ascending channel. In this alternative, more bearish case, the altcoin might test the closest support at $1.1328. Persistent sell pressure should ONDO drop to this point could then lead to a plunge to $1.0753.

Ondo price chart 4-hour (Source: GeckoTerminal)

From a technical standpoint, the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) on the 4-hour chart suggest that the crypto’s bullish move might have hit a roadblock.

The RSI has started to level off between 60 and 65 after it rose from deep oversold territory below 30 to its current level in the last 48 hours. This suggests that buyers are easing their pressure on the Ondo price. Should bears capitalize on this, they could overpower bulls to push the Ondo price down.

Meanwhile, the MACD line has started to stall above the MACD Signal line. While the current alignment of the two lines, with the former positioned above the latter, is bullish, the flattening MACD Histogram slope suggests that the crypto’s bullish momentum has reached a climax, which could be followed by a bearish trend reversal.

Don't miss out on the latest crypto news! Get the best coverage in the industry over at Less