$ONDO is showing signs of recovery after sweeping the 0.4087 support level and reclaiming higher ground, a move that often indicates strong buying absorption after a liquidity flush. The price has since recovered above 0.4142 and is currently holding above the 1H EMA21, suggesting improving short-term momentum.
ONDO
0.3481
+6.77%
Entry Zone: 0.4180 – 0.4220
Stop Loss: 0.4080
Take Profit Targets:
TP1: 0.4300
TP2: 0.4360
TP3: 0.4450
The recent flush cleared out weak positions, with Open Interest dropping 8.45% before buyers stepped in aggressively. Funding rates have improved from negative toward neutral territory, indicating that long interest is gradually returning. In addition, top traders remain net long with a 1.69 long ratio, reinforcing the bullish outlook. As long as the 0.4087 support area holds, the recovery thesis remains valid. A loss of that level would invalidate the setup and shift the market structure back to bearish.