ONDO Technical Analysis
Ondo has been drawing attention recently by maintaining its upward trend structure. As seen on the chart, the price is still moving above the trendline, and this structure remains strong. Sustained movement above $0.90 indicates that the trend is intact and the upward movement could continue. In this scenario, the following levels can be targeted respectively: $0.95 → $0.9960 → $1.0137.If the price dips below $0.90 and holds there, the upward trend will weaken, and pullbacks towards the $0.8861 – $0.8390 support zones may come into play.
Support and Resistance Zones
- Supports:
First support: $0.9019 (intersection with the trendline)Lower support: $0.8861Stronger support: $0.8390
- Resistances:Initial resistance: $0.9478Higher resistances: $0.9960 and $1.0137Main targets: $1.0707 and $1.1214
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, traders are responsible for their own actions and risk management. Moreover, it is highly recommended to use stop loss (SL) during trades.
