(The battle between bulls and bears in ONDO is imminent! Is the 0.85 consolidation an illusion? The momentum for a downward move is approaching, and today the bears may face a highlight moment!
Current Currency: ONDO
Current Price: 0.8512 USDT
Date: April 20, 2025
Yesterday, ONDO maintained a weak sideways consolidation overall, with a high not breaking 0.89 and a low not falling below 0.83, forming a typical volume contraction consolidation + intermediate oscillation pattern. However, hidden risks are lurking behind: the bullish volume is sluggish, key moving averages have dead crosses suppressing, and MACD rebound is weak, all signals point to a possible trend: false breakout, real drop!
Today we will analyze this structure from multiple dimensions including daily, 4-hour, and 1-hour, to formulate precise short strategies.
1. 【Daily Level Analysis】: Bearish dominance, weak rebound
The price has oscillated downwards since the high point of 1.334 in early March, hitting a low of 0.6637. After rebounding to **EMA100 (0.8915)**, it faced resistance again. The current price is running below the moving average system.
The daily K-line has been sideways for 6 days from April 12 to now, with the highest point not breaking the previous platform high of 0.89, forming a weak oscillation range (0.83-0.89).
Moving Average System MA7 < MA30 < MA100, with a divergent suppressive shape, clearly bearish arrangement.
MACD is running below the zero line, with green bars expanding again, indicating a return of bearish energy.
Conclusion: The daily rebound strength is insufficient, more likely a 'secondary drop after weak repair'. If it loses 0.83 today, it will confirm the drop initiation.
2. 【4-Hour Cycle】: End of Oscillation, Higher Likelihood of Downward Breakthrough
Since April 15, the price has been oscillating in the range of 0.83-0.89 for 6 days, forming a 'converging triangle + M-top structure'.
The current price is running at the intersection of multiple moving averages, **EMA100/200 (0.8915/0.9978)** is significantly suppressive, and the rebound has not broken through EMA200.
The BBI indicator has turned down multiple times, with short-term support in the range of 0.8293-0.8328. Once it breaks below, the bears will accelerate the drop.
Trading volume continues to shrink, indicating that a change is imminent; in a weak structure, volume contraction oscillation is often a bearish-dominated continuation.
Conclusion: The critical point of 4-hour oscillation has been reached. If it breaks downwards, it will test the key support at 0.78-0.76.
3. 【1-Hour Cycle】: Clear Top Divergence, Bearish Momentum is Brewing
In the past two days, the price highs have been continuously decreasing, forming a downward pressure small platform structure, resembling a 'falling flag'.
RSI has not made new highs at high levels, and the momentum indicator shows a clear top divergence, with MACD showing a slight dead cross, and the K-line rebound is weak.
EMA7/EMA30 forms a small dead cross structure, with very weak desire for short-term upward movement.
Yesterday's high of 0.8645 forms a secondary rebound top, and the price continues to be suppressed below.
Conclusion: The short-term rebound is weak, and it is highly likely to oscillate downwards from the 0.85 range today.
Operation Strategy (Contract Direction):
Currently at a potential critical point of 'weak consolidation + continuation of bearish', short-term short strategies can be laid out in advance:
First Short Position Level 0.858
Stop Loss Level 0.896
First Take Profit Level 0.802
Second Take Profit Level 0.762