#ONDO As long as there is no sustained break below 0.4110, a move within the structure toward its upper boundary at 0.5323 remains possible. At the same time, the price may well spend some time in this range: holding support does not, by itself, mean that a new impulse will start immediately.
There are intermediate resistance levels at 0.4693 and 0.4944 on the way up. The reaction at these levels will show how confidently buyers are prepared to push the price back into the upper part of the range.
The main decision point is near 0.5323. If sellers show up there again, the price may continue moving within the structure and return to its lower boundary. A breakout, a sustained move above that level, and a successful retest, however, would provide grounds to consider further upside toward 0.6973. The chart also marks levels at 0.7149 and 0.7264 above that.
The bearish scenario is a loss of 0.4110, followed by a sustained move below it. Attention would then shift to the 0.3739–0.3666 zone, and if that gives way, to 0.3331.
My main view right now: ONDO has held the lower boundary of its daily structure and may continue trading in the 0.4110–0.5323 range. As long as support holds, a return to the upper boundary remains a valid scenario. IMO.
There are intermediate resistance levels at 0.4693 and 0.4944 on the way up. The reaction at these levels will show how confidently buyers are prepared to push the price back into the upper part of the range.
The main decision point is near 0.5323. If sellers show up there again, the price may continue moving within the structure and return to its lower boundary. A breakout, a sustained move above that level, and a successful retest, however, would provide grounds to consider further upside toward 0.6973. The chart also marks levels at 0.7149 and 0.7264 above that.
The bearish scenario is a loss of 0.4110, followed by a sustained move below it. Attention would then shift to the 0.3739–0.3666 zone, and if that gives way, to 0.3331.
My main view right now: ONDO has held the lower boundary of its daily structure and may continue trading in the 0.4110–0.5323 range. As long as support holds, a return to the upper boundary remains a valid scenario. IMO.
