$ONDO is approaching a key test: can buyers reclaim $0.40? 👀
The recovery has some evidence behind it. September 17 closed above both the 20-day and 50-day exponential moving averages, while Binance spot volume reached 2.48 times the previous 20-day average.
That makes ONDO worth watching, although the breakout still needs confirmation.
Here’s the setup:
🟡 Resistance: $0.397–$0.400 This area combines the September swing high with the $0.40 psychological level. A daily close above it, followed by a successful retest, would strengthen the bullish case.
🟢 Potential upside zone: $0.423–$0.428 Previous daily highs make this a possible area of renewed selling pressure. The upper boundary sits approximately 10.5% above the snapshot price of $0.3874, or about 7% above $0.40.
🔵 Support to watch: $0.365–$0.372 Holding this area would help preserve the recent recovery.
🔴 What would invalidate this setup? For this near-term continuation scenario, a daily close below $0.365 would invalidate the thesis.
The rebound is encouraging, but rejection around $0.40 could still produce a pullback. The next daily close matters.
Would you wait for the breakout or watch for a support retest?
Snapshot: September 18, 2026, 11:33 UTC. Chart: Binance ONDO/USDT, daily candles. Today’s candle is incomplete. Educational analysis; targets are conditional.$ONDO