$ONDO just tapped into a major support level on the 3D chart, aligning with the lower boundary of its ascending channel. The reaction? ⚡️Strong buying interest—suggesting bulls are stepping in right where they should.
Let’s break down the setup 👇
🧱 Key Support Zone Holding Strong
ONDO has respected the ascending channel structure for multiple weeks.
The current bounce attempt from the channel’s lower border signals possible continuation within the trend.
This area has historically attracted buyers—and it's doing so again.
🔄 Price Reaction: A Healthy Bounce?
The 3D candlestick formation shows a bullish reaction, indicating potential upward pressure building from this level.
If momentum continues and broader market conditions stay favorable, traders may see price attempting to revisit the $2.10 zone, which aligns with the mid-to-upper range of the current channel 📈
> ⚠️ Disclaimer: This is an educational breakdown, not financial advice. Always do your own research and use proper risk management.
🔭 What Traders Are Watching For:
🟢 A confirmed bounce with volume from this support
🔵 Continuation candles that close above minor resistance
🟡 Mid-term trend support holding with higher lows
🎯 Potential Technical Outlook
Immediate Focus: Bounce continuation within the channel
Upside Zone: $2.10 resistance area
Trend Structure: Higher lows + rising channel = bullish bias (if maintained)
🧠 Final Thoughts
$ONDO is at a pivotal point in its trend. The bounce off the ascending channel's support is a classic technical reaction, and price structure remains intact for now.
This kind of setup often attracts attention from trend-following traders but patience and confirmation are key before making decisions.
💬 What do you think? Will ONDO climb to $2.10 from here?
👉 $ONDO
