according to the website - By CoinCryptoNewz
ONDO is trading near $0.92 and facing pressure below key resistance at $1.10. The market remains stable, but the technical picture indicates an upcoming decisive moment. ONDO is on the brink of a breakout, and a pullback from $1.10 will determine the next important trend.
ONDO has tested this level several times but has not been able to confidently overcome it. Resistance serves as a turning point between recovery and resumption of decline. The token remains in a range, waiting for a stronger movement.
ONDO is on the verge of a breakout, and a breakout at $1.10 could push it to $1.32. This corresponds to the 0.5 Fibonacci retracement level and is an important short-term target. Ongoing (weekly) growth could cause some damage and open up potential for growth to around $1.50 at the 0.618 Fibonacci retracement level.
If this scenario materializes, ONDO will demonstrate new momentum. Movement to higher levels may encourage broader participation in the rally. The market structure suggests that a return to $1.10 could confirm this shift.
ONDO is at a turning point, as bulls need to prove control. The ability to turn resistance into support remains critically important. Success at this level could restore confidence and facilitate continued growth.
Bearish stance: a bounce from $1.10 could bring ONDO back to the support range of $0.80.
ONDO is at a turning point, as the inability to overcome $1.10 may trigger further weakness. The token may return to the range lows near $0.80. This movement will reflect consolidation rather than a breakout.
