Market Overview (09.06.2026) #ONDO
➖➖➖➖➖➖➖➖➖➖
$ONDO is trading around 0.3723 after defending the peak of a symmetrical triangle structure formed by an ascending trend line from April and a descending trend line from May.
The price rallied to the lower boundary of the triangle around 0.31 before bouncing back thanks to buyer intervention. The structure is approaching a critical juncture, with both boundaries converging.
A solid reaction from the bullish support level will keep the overall structure intact and pave the way for a recovery toward the range of 0.40–0.44. A breakdown below 0.31 on the close of the 8-hour candlestick will invalidate the triangle and open up the area of 0.27 as the next key support level. A return to the level of 0.38 will confirm a bullish reaction from the peak of the triangle.
➖➖➖➖➖➖➖➖➖➖
$ONDO is trading around 0.3723 after defending the peak of a symmetrical triangle structure formed by an ascending trend line from April and a descending trend line from May.
The price rallied to the lower boundary of the triangle around 0.31 before bouncing back thanks to buyer intervention. The structure is approaching a critical juncture, with both boundaries converging.
A solid reaction from the bullish support level will keep the overall structure intact and pave the way for a recovery toward the range of 0.40–0.44. A breakdown below 0.31 on the close of the 8-hour candlestick will invalidate the triangle and open up the area of 0.27 as the next key support level. A return to the level of 0.38 will confirm a bullish reaction from the peak of the triangle.