Cryptocurrency Prices Steady

Cryptocurrency prices held steady on Thursday as investors awaited 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 remained above the key resistance level at $90,000, while popular coins like Ondo Finance and Gala saw significant increases.

Ondo Finance Price Prediction

Ondo Finance rose for the second consecutive day as investors anticipated the Trump crypto summit. Ondo is notable as it is part of Trump’s World Liberty Financial portfolio, with assets surpassing $1 billion, positioning it as a leader in the tokenization industry.

Ondo’s price has formed a falling wedge chart pattern, approaching its confluence. This wedge is occurring within a cup and handle (C&H) chart pattern, which often indicates potential upside in the long term.

Thus, the Ondo Finance coin price may continue to rise as bulls aim for a key resistance level at $1.4792, approximately 26% above the current level. A break above this level could lead to further gains to $2.1465, an 85% increase.

Mantra Price Prediction

Mantra has emerged as one of the top-performing coins in the crypto sphere, surging from $0.090 in January 2024 to a high of $9.1745. This performance solidified its position as one of the best-performing cryptocurrencies.

Mantra has surged above all moving averages, indicating strong bullish momentum. However, recent signs show that Mantra’s momentum is waning, forming a head and shoulders pattern, potentially signaling a distribution or markup phase according to Wyckoff Theory, characterized by volatility followed by a crash.

Positively, Mantra seems to be entering the fourth phase of the Elliot Wave pattern, typically followed by a bullish fifth wave. If Wyckoff’s predictions do not materialize, Mantra may continue to rise, with the target set at $10.

Gala Coin Price Prediction

Gala coin has been on a strong bearish trend in recent months, dropping from $0.0665 on December 4 to $0.019.

Gala has found a bottom at $0.01665, with multiple failed attempts to breach this level since last August. It has formed a triple-bottom pattern with a neckline at $0.0665, its peak in December.

A death cross pattern has also emerged, with the 50-day and 200-day moving averages crossing. Currently, the outlook for Gala is neutral. A breach below the support at $0.01665 would negate the bearish perspective and indicate further declines, although a rebound to $0.025 remains a possibility.

The post Crypto price predictions: Ondo Finance, Mantra, Gala coin appeared first on Invezz.