📊 Technical Analysis - ONDO/USDT (1D)
📉 Overall Trend:
ONDO is consolidating in a tight range, with slight selling pressure prevailing, but holding above important supports.
Price action is close to the main volume zones, which indicates interest from the market in this region.
📈 Moving Averages (EMA):
EMA 7: $1.343 (immediate resistance).
EMA 14: $1.353.
EMA 21: $1.358.
EMA 50: $1.368.
EMA 100: $1.295 (relevant support in the short term).
EMA 200: $1.136 (long-term support).
🔥 Conclusion: The price is below most of the short-term moving averages, suggesting weakness, but still above the 100 EMA ($1,295), which acts as key support.
🔍 Technical Indicators:
📊 Stochastic RSI:
28.49 (K) and 25.30 (D), suggesting that the asset is close to the oversold zone, which could indicate an upcoming reversal.
📊 RSI:
47.82, below 50, indicating slight selling pressure, but no clear overbought or oversold signals.
📉 MACD:
Histogram close to zero, without a clear crossover, indicating that the market is in consolidation.
📊 VPVR (Volume):
Strong concentration of volume in the region between $1.27 and $1.32, which forms a robust support zone.
Significant resistance between $1.34 and $1.36, where volume is also accumulating.
🎯 Important Levels:
Supports:
$1.320 (immediate support).
$1.295 (100 EMA and strong support).
$1.200 (Ichimoku and VPVR).
$1.136 (200 EMA).
Resistances:
$1.343 (7 EMA and short-term resistance).
$1.358 (21 EMA).
$1.368 (50 EMA and key resistance).
📢 Possible Scenarios:
📌 Bullish:
Break above $1.343 could lead the price to test $1.353 and then $1.368.
Increasing buying volume needed to validate the breakout.
📌 Bearish:
Loss of support at $1.320 could lead ONDO to test $1.295, with the possibility of falling to $1.200 if it fails to hold.