$ONDO /USDT
1. Trend Analysis:
Price has shown a strong bullish move from around $0.75 to $1.14.
After peaking at $1.1440, the price retraced and consolidated around $0.95–$1.00.
Currently price is near $0.9925, sitting close to the 200 EMA (purple line), which often acts as strong support.
2. Support & Resistance Levels:
Support Zones:
$0.95 (EMA200 and horizontal support)
$0.90 (previous base before breakout)
Resistance Zones:
$1.05 (local high)
$1.14 (recent top, strong resistance)
3. Moving Averages:
20 EMA (yellow) is crossing below 50 EMA (pink), indicating short-term bearish pressure.
But price is holding above 200 EMA, which still suggests medium-term bullish strength is intact.
4. Volume Analysis:
A significant spike in volume near May 15 suggests strong buying interest or large accumulation.
Currently, volume is lower, suggesting consolidation or indecision.
📊 Prediction / Forecast:
✅ Bullish Scenario:
If ONDO/USDT holds above $0.95 support, and breaks above $1.05 with volume:
Target 1: $1.10
Target 2: $1.14
Target 3 (extension): $1.20 (if momentum sustains)
❌ Bearish Scenario:
If it breaks below $0.95 with strong volume:
Support 1: $0.90
Support 2: $0.85
Support 3: $0.75 (trendline base)
🧠 Trading Plan (Based on Swing Trade):
ItemValueEntry (Buy Zone)$0.96–$0.99Stop Loss$0.93 (Below 200 EMA and support)Take Profit 1$1.05Take Profit 2$1.14Take Profit 3$1.20 (If breakout continues)
📈 Risk-Reward Ratio: ~1:2.5 (Good)
🧭 Conclusion:
ONDO is in accumulation or pullback phase after a strong uptrend.
If it holds $0.95 and breaks $1.05, there is high probability of another bullish leg.
Watch volume confirmation and price action near $1.00.
Entry near current levels is reasonable, with a tight stop loss below key support.
