ONDO/USDT Technical Analysis
On the ONDO side, a descending channel structure has been in place for quite some time. Each rebound attempt approaches the channel’s upper band and then faces selling pressure again. In other words, the structure continues to operate in a downward direction.
Price is currently trading around 0.26 and moving within the middle section of the channel. The 0.27–0.28 range stands out as an important threshold above. Price has approached this zone several times before and pulled back each time. For that reason, it is difficult to talk about a strong recovery unless this area is broken. If price manages to establish acceptance above this band, a move toward 0.31, followed by 0.34, could come into play. In that scenario, the channel’s upper boundary would also be tested.
On the downside, 0.24 is the area where price is currently trying to hold in the short term. If it breaks below this level again, selling pressure may increase and price could move toward the lower band of the channel. In that case, the 0.20 region would come back into focus.
In short, the key area determining direction in ONDO is the 0.27–0.28 band. As long as this zone remains unbroken, upward moves tend to appear more like reactions within the downtrend. Only if price breaks above the channel and manages to hold there would the broader picture begin to change.
These analyses do not provide investment advice and focus on support and resistance levels that are considered to offer short- and medium-term trading opportunities depending on market conditions. However, responsibility for execution and risk management lies entirely with the user. In addition, the use of stop loss is strongly recommended.
