Technical Analysis: ONDO/USDT (4H Timeframe)
๐ Current Status: ONDO is trading at $0.4624 USDT, showing a recent rebound of +2.78% after touching a local low around $0.4221.
Structure and Moving Averages: The 4-hour chart reflects a previous downtrend, with the price remaining below the fast moving average MA(7) at $0.4441 and MA(25) at $0.4723. However, the recent bullish momentum is attempting to challenge these immediate resistance levels.
Volume: A slight recovery in trading volume is visible during the latest green candle, suggesting buyer interest in the lower support zone.
Outlook:
Bullish Scenario: If the price manages to consolidate above MA(25) ($0.4723), we could see a continuation toward the resistance zone at $0.4866 (MA(99)).
Bearish Scenario: If the recent support at $0.4221 is lost, the asset could seek new capitulation lows in the short term.
โ ๏ธ Note: Risk management comes first. Stay alert and set your stop-loss levels.
#WarshPushesToScaleBackForwardGuidanceAndDotPlot #ondousdt
$ONDO
๐ Current Status: ONDO is trading at $0.4624 USDT, showing a recent rebound of +2.78% after touching a local low around $0.4221.
Structure and Moving Averages: The 4-hour chart reflects a previous downtrend, with the price remaining below the fast moving average MA(7) at $0.4441 and MA(25) at $0.4723. However, the recent bullish momentum is attempting to challenge these immediate resistance levels.
Volume: A slight recovery in trading volume is visible during the latest green candle, suggesting buyer interest in the lower support zone.
Outlook:
Bullish Scenario: If the price manages to consolidate above MA(25) ($0.4723), we could see a continuation toward the resistance zone at $0.4866 (MA(99)).
Bearish Scenario: If the recent support at $0.4221 is lost, the asset could seek new capitulation lows in the short term.
โ ๏ธ Note: Risk management comes first. Stay alert and set your stop-loss levels.
#WarshPushesToScaleBackForwardGuidanceAndDotPlot #ondousdt
$ONDO