$ONDO is sitting right below the first major level that has acted as resistance for months

And that’s exactly why this chart is getting interesting

Price spent nearly half a year bleeding from the $1+ region down into the $0.25 accumulation zone

Then buyers finally showed up

The first reaction was aggressive enough to push $ONDO straight back into the $0.48 supply area

a level that previously acted as support before the breakdown

That’s the first real test

Target 1: $0.485

Target 2: $0.699

Target 3: $1.17

What’s important is that none of these levels have been reclaimed yet

They’re still overhead resistance

But if bulls can flip the first one, the chart opens up fast

There isn’t much historical structure between these zones

which means momentum can carry price from one target to the next surprisingly quickly

The market spent months building a base near the lows

Now it’s approaching the levels that actually decide whether this was accumulation or just another dead-cat bounce

For me, $0.485 is the trigger

Clear that level, and suddenly everyone starts looking at $0.70

Clear $0.70, and $1+ is back on the table

$ONDO is getting very close to the point where things become interesting