The consensus-building surge of $ONDO across timeframes
Broad view: Looking at the four-hour chart, $ONDO is recording a strong breakout momentum with a trading volume reaching 1.49x and the RSI at 80.7.
Close-up: Switching to the one-hour timeframe, the price remains in a positive uptrend while staying far above the moving averages and records an RSI of 83.6. These two timeframes are fully aligned in terms of trend, indicating that short-term capital inflow is still strongly directed toward buying. 🚀
If the price continues to hold firmly above the support zone of 0.5296 and buying pressure returns to test it again, the upward momentum may continue to expand. In the event that increasing profit-taking pressure causes the price to break below 0.5296, the market may need a deeper pullback to accumulate again.
Since the RSI on both timeframes has already entered the overbought zone, a short-term technical correction could happen at any time. ⚠️
#Crypto #ONDOUSDT
Broad view: Looking at the four-hour chart, $ONDO is recording a strong breakout momentum with a trading volume reaching 1.49x and the RSI at 80.7.
Close-up: Switching to the one-hour timeframe, the price remains in a positive uptrend while staying far above the moving averages and records an RSI of 83.6. These two timeframes are fully aligned in terms of trend, indicating that short-term capital inflow is still strongly directed toward buying. 🚀
If the price continues to hold firmly above the support zone of 0.5296 and buying pressure returns to test it again, the upward momentum may continue to expand. In the event that increasing profit-taking pressure causes the price to break below 0.5296, the market may need a deeper pullback to accumulate again.
Since the RSI on both timeframes has already entered the overbought zone, a short-term technical correction could happen at any time. ⚠️
#Crypto #ONDOUSDT
