This altcoin is one of the strongest at the moment after a nearly 1,500% jump according to an analyst

A well-known trader and analyst recently shared his prediction for a cryptocurrency whose price has risen significantly since January.

Known as the Altcoin Sherpa, the analyst commented on the cryptocurrency ONDO Finance (ONDO), which is focused on the tokenization of real-world assets (RWA), calling it "one of the strongest tokens right now."

He stated that ONDO is rising from the crucial support level, suggesting a continued upside. His analysis indicates that this support level coincides with the 0.382 fib retracement level, which allows understanding of potential support or resistance points.

ONDO has been holding above the 200 EMA (exponential moving average) on the 4-hour chart for more than three weeks, indicating that the strong momentum is still real.

ONDO's price is up 1,469% from $0.0822 in January to $1.31 at the time of writing.

Altcoin Sherpa also commented on the movements of Left (LEFT) , saying the asset is likely to trade in the $120-185 range.

He expects a period of consolidation, which will be good after the long rally. However, the analyst still expects a stronger upside after the period of consolidation.