ONDO has been in a明显的下降通道 since last month.
Currently, the price has entered the oversold range and touched the lower edge of the channel. However, considering the recent trend of Ethereum, coupled with the uncertainty in the geopolitical situation (the conflict between Israel and Iran still has the risk of escalation), as well as the Federal Reserve's unlikely interest rate cuts in the short term and Powell's hawkish stance, I believe ONDO is likely to remain under pressure in the future.
I estimate four possible trends as follows:
① Rebound to the middle track of the channel and then fall: 50%
② Rebound breaks through the middle track and tests the upper track of the channel: 15%
③ Directly breaks the lower edge of the channel and further declines: 25%
④ Strong V rebound, breaking through the channel structure: 10%
Based on the above judgment, there is a 75% probability that it is unfavorable for short-term buying, so it is more rational to exit in the short to medium term or to stay on the sidelines.
(DYOR)
