Cryptocurrency prices held steady on Thursday as investors waited for the upcoming nonfarm payrolls (NFP) and the Trump crypto summit. The total market cap of all coins rose by 2.8% to $2.98 trillion. Bitcoin held steady above the key resistance level at $90,000, while popular coins like Ondo Finance and Gala soared.
Ondo Finance price prediction
Ondo crypto price rose for the second straight day as investors waited for the upcoming Trump crypto summit. It is a notable coin since it is one of the portfolio coins in Trump’s World Liberty Financial. Ondo’s assets have also surged to over $1 billion, making it one of the top players in the tokenization industry.
Ondo price has formed a falling wedge chart pattern, with the two lines nearing their confluence. This wedge is happening as part of the cup and handle chart pattern. A C&H is a popular pattern that often leads to more upside in the longer term.
Therefore, there is a likelihood that the Ondo Finance coin price will keep rising as bulls target the key resistance level at $1.4792, the upper side of the cup, which is about 26% above the current level. A surge above that level will point to more gains to $2.1465, up by 85% from the current level.
Ondo price chart by TradingView
Mantra price prediction
Mantra has been one of the best-performing coins in the crypto industry. It jumped from a low of $0.090 in January 2024 to a record high of $9.1745. This surge made it one of the best performing cryptocurrencies in the market.
Mantra coin has surged above all moving averages, a sign that bulls maintained the momentum. Recently, however, there are signs that the Mantra price is losing momentum, with it forming a head and shoulders pattern. A H&S pattern has a head, two shoulders, and a neckline.
This formation may be a sign that the coin was about to enter the distribution or the markup phase of the Wyckoff Theory. This phase is characterized by some volatility followed by a big crash.
On the positive side, there are signs that Mantra has now moved to the fourth phase of the Elliot Wave chart pattern. This phase is usually followed by the fifth bullish one. As such, if the Wyckoff Theory fails to work, it means that the Mantra price will continue rising, with the next level to watch being at $10.
OM price chart by Tradingview
Gala coin price prediction
Gala coin price has been in a strong bearish trend in the past few months. It has crashed from a high of $0.0665 on December 4 to $0.019.
Gala price has found a bottom at $0.01665, where it has failed to move below several times since August last year. It has formed a triple-bottom pattern whose neckline is at $0.06650, its highest point in December.
Gala has also formed a death cross pattern as the 50-day and 200-day moving averages have crossed each other. Therefore, the outlook for the Gala coin is neutral for now. A break below the support at $0.01665 will invalidate the bearish view and point to more downside. A rebound to $0.025 cannot be ruled out.
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