$ONDO has now declined nearly 15%, with the bearish divergence fully reaching its projected targets.
Price is approaching a critical support zone around $0.34, making this a decisive area for the next move.
If today's candle closes green, the $0.343–$0.36 region could begin forming a lower timeframe range. A healthy period of consolidation here would provide the foundation for a stronger recovery and improve the odds of a fresh higher high.
The sequence is simple:
No range, no consolidation.
No consolidation, no strength.
No strength, no defense of $0.34.
A decisive loss of $0.34 would likely accelerate the decline, opening the door for a move below $0.30.
#ONDO
Price is approaching a critical support zone around $0.34, making this a decisive area for the next move.
If today's candle closes green, the $0.343–$0.36 region could begin forming a lower timeframe range. A healthy period of consolidation here would provide the foundation for a stronger recovery and improve the odds of a fresh higher high.
The sequence is simple:
No range, no consolidation.
No consolidation, no strength.
No strength, no defense of $0.34.
A decisive loss of $0.34 would likely accelerate the decline, opening the door for a move below $0.30.
#ONDO