$ONDO is finally pushing against that trendline on the daily, and I like what I'm seeing.
Guys It's been bleeding under this line since the October rejection near 0.60. Every bounce got sold off, so this is the first time in weeks the price has pressed up into it with some strength. We're sitting around 0.40 after a clean +3% day, and the buyers look like they're stepping in rather than just hoping.
I'm not calling it a full reversal yet. I want a daily close above the line first, then a retest that holds. If that happens, 0.45 opens up, and the 0.60 supply zone is the bigger target. If it gets rejected again, 0.358 is the level I'm watching on the downside.
For now I'm calling it a positive shift, and I'm paying attention.
DYOR.
$ONDO #Ondo #RWA #Crypto
#TechnicalAnalysis
Guys It's been bleeding under this line since the October rejection near 0.60. Every bounce got sold off, so this is the first time in weeks the price has pressed up into it with some strength. We're sitting around 0.40 after a clean +3% day, and the buyers look like they're stepping in rather than just hoping.
I'm not calling it a full reversal yet. I want a daily close above the line first, then a retest that holds. If that happens, 0.45 opens up, and the 0.60 supply zone is the bigger target. If it gets rejected again, 0.358 is the level I'm watching on the downside.
For now I'm calling it a positive shift, and I'm paying attention.
DYOR.
$ONDO #Ondo #RWA #Crypto
#TechnicalAnalysis
