ondopriceanalysis

After a strong neckline breakdown on $ONDO , we’ve been seeing clear downside pressure, which is a normal reaction after that kind of breakdown.

What we are looking for now is a proper reversal to form on the 4H timeframe. Once we get that confirmation in the form of an MSB + BOS, we would be targeting that neckline again, which will be acting as resistance in this case. #ONDOPriceAnalysis

$1.50 - $2.20 is the key target zone for us, where the price of $ONDO has been moving in a sideways channel since the summer of 2024.

The channel has established a proper support zone where now we are looking for another touch to upper zones, after price recently broke the local zone of EMAs, which usually has been a market for trend switch. #ONDOPriceAnalysis @Ondo Finance

$ONDO is once again testing the zone of struggle, but the recent smaller rejection shows weakness kicking in across markets and here as well. Buyers will need to reclaim this area with strength; otherwise, another retest of the lower buy zone (zone of reversal) becomes likely. As long as we stay under this rejection zone, upside remains capped. #ONDOPriceAnalysis