#ONDO
📊 ONDOUSDT Technical Analysis (3-Day Timeframe)
As seen on the chart, #ONDO is currently in an Accumulation phase and price compression after a long-term drop from its peak of $2.20.
🔷 Pattern Structure:
Price is forming a Symmetrical Triangle or a falling wedge marked by points a, b, c, d, e. This pattern indicates decreasing volatility and market expectation for an explosive move.
🔷 Key Levels:
🔴 Main Resistance: $0.60 to $0.65 range (pink zone). Breaking through this zone is vital.
🟢 Important Support: Pattern bottom in the $0.30 to $0.35 range.
🔷 Upcoming Scenarios:
🟢 Bullish: If the top of the triangle breaks (above $0.48) along with an increase in trading volume, an upward movement toward the $0.60 resistance and then $0.80 is expected (green arrow).
🔴 Bearish: Breaking below the pattern bottom (under $0.30) invalidates the bullish scenario and increases the likelihood of a further drop.
📊 ONDOUSDT Technical Analysis (3-Day Timeframe)
As seen on the chart, #ONDO is currently in an Accumulation phase and price compression after a long-term drop from its peak of $2.20.
🔷 Pattern Structure:
Price is forming a Symmetrical Triangle or a falling wedge marked by points a, b, c, d, e. This pattern indicates decreasing volatility and market expectation for an explosive move.
🔷 Key Levels:
🔴 Main Resistance: $0.60 to $0.65 range (pink zone). Breaking through this zone is vital.
🟢 Important Support: Pattern bottom in the $0.30 to $0.35 range.
🔷 Upcoming Scenarios:
🟢 Bullish: If the top of the triangle breaks (above $0.48) along with an increase in trading volume, an upward movement toward the $0.60 resistance and then $0.80 is expected (green arrow).
🔴 Bearish: Breaking below the pattern bottom (under $0.30) invalidates the bullish scenario and increases the likelihood of a further drop.