RWA Crypto ONDO Wobbles Under the Weight of Bearish Technical Signals, Warns Analyst

As the prophecies of an altcoin collapse come to life, some experts still cling to a slim hope. But for ONDO, the future is seriously darkening.

As the altcoin collapse prophecies unfold, some experts cling to a glimmer of hope. But for ONDO, the outlook is grim. The RWA crypto totters under the weight of bearish technical signals, and a renowned analyst warns that a crucial support could fail, setting off a steep drop. The market watches intently, analyzing every move of the once-promising altcoin.

ONDO's fate hinges on a key support

Once riding high, RWA crypto ONDO Finance is now facing a critical juncture. After peaking at $2.14, the crypto has shed over 30% of its value, now hovering around a key level of $1.46. But according to Ali Martinez, a renowned analyst, this support could fail. He points out an ominous formation:

“$ONDO seems to be forming a head-and-shoulders pattern. A decisive close below $1.48 could trigger a 30% correction, aiming for the $1.05 support.”

The stakes are astronomical:

These chilling figures paint a grim picture of ONDO and its investors descending into the abyss. Worse, some predict that this drop could send shockwaves through the entire crypto market.

Crypto trading: domino effect in the crosshairs

The case of ONDO goes beyond the mere ups and downs of an altcoin. If the crypto stumbles, the repercussions could be systemic. One netizen asserts confidently:

“ONDO won't be falling alone. If this happens, expect a shockwave across the entire market, even Bitcoin.”

The technicals also spell trouble. A market gripped by panic over major bearish signals threatens to set off a cascade of selling. Optimists hope for a rebound above $1.50, but skepticism lingers. Seasoned traders have their eyes on the threshold of $1.71, a potential pivot before a recovery… or a debacle.

So ONDO is just a piece of a much larger puzzle. In the shadows of the RWA, an opportunity valued at $30 trillion by 2030. Will the tide turn in favor of altcoins? Only time will tell.

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