Crypto Markets Show Renewed Strength with Bullish Momentum in ONDO, QNT, and XLM

Crypto markets are showing renewed strength as major altcoins push prices above important technical barriers. Three assets, Ondo (ONDO), Quant (QNT), and Stellar (XLM), have established bullish structures on their daily charts.

According to CryptoRank's analysis, ONDO is approaching a major Fibonacci ceiling after a sharp advance, with buyers firmly in control above support levels. The token price target for ONDO is $0.55.

QNT has also shown strong momentum, reclaiming the $90.28 level backed by strong DMI readings. This could lead to a potential price target of $100. XLM is testing resistance near its recent high, with a breakout potentially opening the path towards the $0.23-$0.24 zone.

However, the analysis also cautions that buyers must defend recently reclaimed support levels to maintain momentum. If they fail to do so, risk remains in the market.