$ONDO looks bearish after breaking through a key support zone, signaling a possible change in market structure. The break suggests that sellers are gaining control, while buying pressure continues to weaken.
Price is now trading in a vulnerable area where an additional downward acceleration is possible. Any short-term relief bounce that fails to reclaim the lost support could further strengthen the bearish case and open the door for another leg lower.
Iโm watching this closely. If momentum stays weak and the break holds, a significant dump may follow as market participants react to the loss of support.
For now, the trend remains bearish until the chart shows a convincing recovery above the break level.
$ONDO
Price is now trading in a vulnerable area where an additional downward acceleration is possible. Any short-term relief bounce that fails to reclaim the lost support could further strengthen the bearish case and open the door for another leg lower.
Iโm watching this closely. If momentum stays weak and the break holds, a significant dump may follow as market participants react to the loss of support.
For now, the trend remains bearish until the chart shows a convincing recovery above the break level.
$ONDO