🚨 $ONDO RWA ALERT: Key Battle at $0.70! Will We Break Bearish Trend?
The Real World Assets (RWA) narrative around $ONDO is strong, but the price is facing a crucial technical test right now.
📈 $ONDO Technical Snapshot:
Current Price: $0.69
Critical Resistance (Breakout Zone): $0.70 - $0.71
Why it matters: This level has rejected the price multiple times. A confirmed breakout and flip to support could trigger a swift move toward the next major target at $0.74.
Key Support (Bounce Zone): $0.68 - $0.67
Why it matters: This is the immediate psychological support. If we lose this level, a retest of the weekly low at $0.65 is highly likely.
💡 My Short-Term Trade Plan:
Entry (Long): Wait for a clear 4-hour close ABOVE $0.71 to confirm the resistance flip.
Take Profit (T1): Set profit-taking at $0.74 for a quick scalp.
Stop Loss: Place a tight stop below $0.68 to protect capital if the bearish trend continues.
🔥 RWA Narrative Check: $ONDO is positioned at the forefront of tokenizing traditional finance. If the broader market sentiment improves, this sector (and $ONDO) could see explosive growth. The current downtrend might be the last major accumulation zone before the next leg up.
🔥 Don't just watch—trade the action!
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