$ONDO * Long-term trend: Bullish if ONDO continues to build higher lows.
* Short-term trend: Consolidating after recent selling pressure.
* Momentum: Weak in the short term; buyers need to regain control above nearby resistance.
Key Technical Levels
* Support Zone: Around $0.30–0.33
* Major Resistance: Around $0.42–0.45
* A daily close above the resistance zone would strengthen the bullish outlook.
Indicator Summary
* RSI: Neutral to slightly bearish (not deeply oversold).
* MACD: Momentum has weakened, but a bullish crossover would be an early recovery signal.
* Volume: Increased selling volume recently suggests caution until buyers return.
Bullish Scenario
If ONDO:
* Holds above support,
* Breaks above resistance with strong volume,
then it could target the next higher resistance levels and resume its broader uptrend. The project’s institutional focus on tokenized real-world assets continues to attract long-term interest.
Bearish Scenario
If ONDO loses the $0.30 support area decisively, it could revisit lower support levels before finding stronger demand.
#ondo #TradingSignals