Crypto Alert: A Looming Catastrophe for ONDO

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. This RWA crypto wobbles under the weight of bearish technical signals, and a renowned analyst warns: a key support could give way, triggering a dizzying drop. The market holds its breath, scrutinizing every move of this once-promising altcoin.

The key support: a vital issue for ONDO

ONDO Finance, once at the top, is going through a critical period. After reaching a peak of $2.14, the RWA crypto has lost more than 30% of its value, currently stopping at a key level of $1.46. But according to Ali Martinez, a renowned analyst, this support could give way. He mentions a dark omen:

“$ONDO appears to be forming a head-and-shoulders pattern. A decisive close below $1.48 could trigger a 30% correction, resulting in a drop to $1.05.“

$ONDO appears to form a head-and-shoulders pattern! A decisive close below $1.48 could trigger a 30% price correction to around $1.05. #ONDO must claim $1.86 as support to invalidate the bearish outlook. pic.twitter.com/81DHsOUB4E

— Ali (@ali_charts) December 25, 2024

The stakes are enormous:

• Resistance to overcome to invalidate the decline: $1.86;
• Current critical point: $1.46;
• Risk of correction in case of a break: $1.05.

These chilling figures depict the specter of a descent into hell for ONDO and its investors. Worse still, some predict that this drop could shake the entire crypto market.

Crypto trading: the domino effect to fear

The case of ONDO goes beyond mere fluctuations of an altcoin. If this crypto stumbles, the repercussions could be systemic. An internet user asserts confidently:

“ONDO will not fall alone. If it happens, expect a shockwave across the entire market, Bitcoin included.“

Could hit $1.71 first. Also it won’t crash alone. Meaning the entire market would take a hit if the Ondo correction takes place. Trust that. Translated to bitcoin is in a B wave lower high back down to fill the Cme gap at 74k. Is that what you are insinuating here?

— Christ (@Gino37132942) December 26, 2024

The technical picture is also troubling. A market in the grip of panic over major bearish signals risks triggering a cascade of sales. Optimists hope for a rebound above $1.50, but doubt hangs in the air. Seasoned traders are monitoring the threshold of $1.71, a potential breathing point before a recovery… or a debacle.

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