$ONDO Comprehensive Technical Analysis for ONDOUSDT (15m Chart)
Trend Analysis:
Current Price: $0.8090
Recent High: $0.8290 (Potential resistance)
Recent Low: $0.7735 (Potential support)
Bollinger Bands:
Upper Band: $0.8223 (Resistance Zone)
Middle Band: $0.8107 (Acting as minor resistance)
Lower Band: $0.7991 (Support Zone)
Indicators Analysis:
Moving Averages:
MA(5): $1,218,474.74
MA(10): $1,307,132.90
Short-term MA(5) < MA(10), indicating short-term bearish pressure.
MACD (Momentum):
DIF: -0.0013
DEA: -0.0008
MACD: -0.0005 (Bearish Crossover, suggesting weakness)
RSI (Relative Strength Index):
RSI(6): 49.86 (Neutral, no strong momentum yet)
Stochastic (KDJ):
K: 23.38 (Oversold)
D: 24.32 (Oversold)
J: 21.50 (Oversold, potential bounce soon)
Key Support & Resistance Levels:
Support Levels:
$0.7991 (Lower Bollinger Band)
$0.7735 (Major Support)
Resistance Levels:
$0.8223 (Upper Bollinger Band)
$0.8290 (Major Resistance)
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Trading Signals:
✅ Long Entry (Buy) Setup:
Entry Zone: $0.8000 - $0.8050 (Wait for bullish confirmation)
Take Profit (TP) Targets:
TP1: $0.8150
TP2: $0.8220
TP3: $0.8290 (Major resistance)
Stop Loss (SL): $0.7920
Trade Duration: 30min - 2 hours
⛔ Short Entry (Sell) Setup (If Breakdown Occurs):
Entry Zone: Below $0.7990
Take Profit (TP) Targets:
TP1: $0.7900
TP2: $0.7800
Stop Loss (SL): $0.8080
Trade Duration: 30min - 2 hours
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Conclusion:
Market is consolidating with neutral momentum.
Best trade setup: Wait for ONDOUSDT to test support ($0.7990) before taking a long entry.
If price drops below $0.7990, short trades become favorable.
MACD and Stochastic indicate oversold conditions, meaning a bounce could happen soon