$ONDO Is Holding Strong After a 24% Surge
ONDO just made a powerful move, pushing up around 24% and reaching 0.5440 on the 1H chart.
Price is still trading above MA7 at 0.5279 and MA14 at 0.5221, while MA28 sits much lower at 0.4831. That keeps the short-term structure bullish for now.
The interesting part is the consolidation near the highs. Instead of giving back the entire move, ONDO is holding around 0.53–0.54. If buyers can break and close above 0.5440 with volume, the next leg higher could start.
On the other hand, losing 0.5220 would weaken the current momentum and could bring a deeper pullback toward the 0.50 area.
Levels I’m watching:
Support: 0.5220 / 0.5000
Resistance: 0.5440
I’d rather see a clean breakout with volume than chase the current candle.
Not financial advice. Manage your risk.
#CFTCUpdatesGuidanceOnTokenizedAssets
$QNT
$ZEC
ONDO just made a powerful move, pushing up around 24% and reaching 0.5440 on the 1H chart.
Price is still trading above MA7 at 0.5279 and MA14 at 0.5221, while MA28 sits much lower at 0.4831. That keeps the short-term structure bullish for now.
The interesting part is the consolidation near the highs. Instead of giving back the entire move, ONDO is holding around 0.53–0.54. If buyers can break and close above 0.5440 with volume, the next leg higher could start.
On the other hand, losing 0.5220 would weaken the current momentum and could bring a deeper pullback toward the 0.50 area.
Levels I’m watching:
Support: 0.5220 / 0.5000
Resistance: 0.5440
I’d rather see a clean breakout with volume than chase the current candle.
Not financial advice. Manage your risk.
#CFTCUpdatesGuidanceOnTokenizedAssets
$QNT
$ZEC
