In the ONDO chart, the clear trend in the short term is upward, and it is currently in an immediate phase of technical correction.
Short term: Upward trend. The token formed a solid base at 0.3214 and developed a strong buying impulse that broke through previous resistances until it reached the high at 0.4639.
Current momentum: Correction and profit-taking. The pullback toward the 0.4286 range is a natural breather after the quick surge, without negating the recent bullish move.
Medium term: Transition toward a bullish reversal. The chart has exited the prior sequence of lower highs and lower lows.
The continuation of this new trend depends on the price holding above the support at 0.4080 in order to attempt another breakout of 0.4639.
Short term: Upward trend. The token formed a solid base at 0.3214 and developed a strong buying impulse that broke through previous resistances until it reached the high at 0.4639.
Current momentum: Correction and profit-taking. The pullback toward the 0.4286 range is a natural breather after the quick surge, without negating the recent bullish move.
Medium term: Transition toward a bullish reversal. The chart has exited the prior sequence of lower highs and lower lows.
The continuation of this new trend depends on the price holding above the support at 0.4080 in order to attempt another breakout of 0.4639.
