$ONDO has put on an impressive show, catching a strong bid at the lows to launch a rapid, aggressive recovery wave. The sudden influx of buying volume completely wiped out the near-term bearish momentum, thrusting the price right back toward its major structural range.
A critical overhead resistance block is currently being tested between $0.4200 – $0.4350. This zone marks a key distribution area that capped previous bullish attempts. Breaking cleanly above this ceiling is mandatory to unlock a fresh higher-timeframe expansion.
On a healthy pullback, the primary structural demand floor to watch rests around the $0.3750 – $0.3850 boundary. If buyers comfortably defend this cushion to print a clear higher low, it sets up a solid launchpad for a breakout attempt through the overhead wall.
The chart shows highly dynamic price action searching for a definitive breakout direction after a solid accumulation phase. Trying to force a trade directly into the face of a major resistance level carries poor risk-to-reward. Waiting for a confirmed retest of support or a clean breakout remains the safest play.
#ONDO #TrumpProposes10PercentTariffsOn60Nations
