ONDO Technical Outlook
Analyzing ONDO on the 4-hour timeframe, we see that the coin is moving in a sideways range. ONDO has been trading between certain levels for some time, forming a narrowing pattern. This shows that buyers and sellers are stepping in clear zones.ONDO is currently trading around the level $0.87, and the area between the levels $0.86–$0.87 stands as a strong support. The price has a good chance to move back toward the mid-range and upper resistance levels as long as this support area holds.We should be following the first target area $0.91–$0.92 in case of upside moves. ONDO could test the $0.99–$1.00 area if the first target is reached. Holding above $1.00 would be a strong bullish signal, opening the way to $1.05 and $1.11.The first defense line below is the key support level $0.86. A pullback toward $0.80 and even $0.72 becomes possible if the price closes below this key support.
Summary:ONDO is still in a clear range. Holding above $0.86 keeps the outlook positive, while a breakout above $1.00 would be the strongest signal for a new uptrend.
These analyses, not offering any kind of investment advice, focus on support and resistance levels considered to offer trading opportunities in the short and medium term according to the market conditions. However, the user is responsible for their own actions and risk management. Moreover, it is highly recommended to use stop loss (SL) during the transactions.
