$ONDO
Here’s the latest update on ONDO, with traders’ current focus and sentiment:
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🔍 1. Price & Technical Landscape
Current price: Around $0.75, unchanged in the past 24 hours, holding steady between $0.73–$0.76 .
Trend breakdown: ONDO recently broke down from an ascending channel, a bearish technical signal suggesting extended weakness. Analysts highlight the risk of a slide toward $0.29 if support gives way .
Moving averages: Price remains below the 50-day (~$0.88) and 200-day (~$0.89) SMAs — both acting as overhead resistance .
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📉 2. Sentiment & Indicators
Bearish technical sentiment: On-chain and chart indicators are trending negative. CoinCodex forecasts a drop to ~$0.60 by late June—a ~20–25% decline short-term .
Neutral momentum: RSI sits in a muted range (50–55) and volume has thinned since mid-June—suggesting traders are cautious and in observation mode .
🧑💼 3. Trader Focus & Strategy
Key levels being watched:
Support: ~$0.73–$0.76
Resistance cluster: $0.80–$0.90, with stronger zone near $0.93/1.00 .
Sell-the-news action: Following a mid‑June alliance announcement, ONDO dropped ~10%, reinforcing trader caution .
Trader sentiment: Many view current price action as a potential bear trap, while others await clear breakout above $0.90 to confirm bullish reversal setup .
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🧭 4. Outlook Summary
Time Frame Outlook
Short-Term 🔻 Bearish-leaning; likely retest $0.60–$0.70 if support breaks
Medium-Term 🔄 A dip and hold around $0.73–$0.76 may present a buy-the-dip setup
Bull Case 📈 Clear breakout above $0.90–$1.00 targets **$1.15–$1.20+**
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👀 What Traders Are Monitoring Now
1. Close relative to $0.73–$0.76 support — failure could open deeper correction.
2. Break above $0.80–$0.90 range — a reclaim might pivot sentiment bullish.
3. Volume behaviour — rising volume on bullish candles would signal commitment.
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