ONDO Technical Analysis
Ondo has taken an important step recently. It received approval from the Liechtenstein Financial Market Authority to offer tokenized U.S. stocks and ETFs in Europe. With this approval, more than 500 million investors across 30 European countries will be able to access a structure that allows buying and selling stocks and ETFs via blockchain.
This development takes Ondo beyond being just a crypto project and highlights it as a platform that brings traditional financial products onto the blockchain and connects real-world investment instruments with crypto.
On the ONDO side, the structure is still moving within a clear descending channel. After the recent sharp sell-off, the price took a reaction from the lower band of the channel and there is now a short-term recovery attempt. However, this move is not yet a trend reversal and should be read more as a reaction rally within the channel. In the main picture, selling pressure has not completely disappeared.
In the short term, the main balance area is the 0.39 – 0.38 band. As long as the price holds above this region, reaction attempts may continue. Since this area is also the base of the last decline, sellers will remain cautious as long as it is not broken downward.
On the upside, all eyes are focused on the upper trend of the channel. This region roughly corresponds to the 0.45 – 0.47 range and this is the main short-term target / decision area.
If the price rises to this region, the natural target of the reaction will be completed.
At this point:
- Either a clear rejection occurs and the price returns to the lower band.
- Or, if a high-volume breakout occurs, the structure breaks down and the descending channel begins to end.
In the breakout scenario, the 0.49 – 0.52 band quickly comes into play. This region is not easy to pass because it is both a horizontal resistance and an area where previous selling was concentrated, but it is a critical threshold in terms of trend change.
In the downside scenario, closes below 0.38 show that the last reaction has also failed and put the price under pressure again toward the 0.36 – 0.35 band. If this region is lost, the descending channel expands downward.
These analyses, which do not provide investment advice, focus on support and resistance levels that are thought to create short- and medium-term trading opportunities depending on market conditions. However, the responsibility for trading and risk management belongs entirely to the user. In addition, it is strongly recommended to use stop loss for the positions shared.
