$ONDO Slow but steady! ONDO today shows the strike has quite some force—well, it’s quite liberating. It just formed a short-term peak at 0.5390 and is now in a strong shake-out confirming profit-taking. I really like this kind of rise: a bit slow, but stable in this form. The trading range isn’t too wide, so it also reduces the risk of price swings. It’s up like this only—if volume goes really big, then you’ll see much more difference after you keep doing it over and over. The current down move is also an opportunity for everyone to enter and catch the trend properly. I just rechecked the indicators and the capital flow is still very stable. Although the price is falling due to profit-taking, it’s not a reversal yet. The important support zone is 0.52 ~ 0.51. If that level breaks, we need to watch more closely. If the price rises and breaks above the short-term resistance at 0.5390, the next target will be 0.550 ~ 0.565. In case the capital continues to flow in strongly, pushing it straight up to 0.58 ~ 0.60 is also not difficult.
If the price drops through the 0.51 area and pierces down into the next support/resistance zone at 0.49, then it’s basically a trend break. Follow $ONDO to update the latest developments nhé.
$ONDO