ONDO is starting to look strong again. After a clean bounce from the $0.85 zone at the end of July, the price has been pushing higher, and now it’s testing a major resistance level that traders have been watching for months.
At writing, ONDO price is trading around $0.983. It’s back above the 30-day EMA on the daily chart, which is a good sign for short-term momentum.
But the real test is coming up fast, the descending trendline that’s been keeping price down since the all-time high. That resistance sits just above $1.05, and bulls will need a solid breakout above $1.10 to really flip the trend.
What’s Happening With ONDO on the Higher Timeframe?
On the daily chart, ONDO price still hasn’t fully escaped the longer-term downtrend. It’s moving up, but until it closes above that trendline, it’s still technically stuck below resistance.
That said, the structure is improving. The reclaim of the 30-day EMA shows that buyers are stepping in again.
If ONDO price can push through $1.10 and hold it, the next levels to watch are $1.25 to $1.30. That could open up room for a much stronger rally. But if price starts to slip, $0.90 and $0.85 are still the key zones to watch on the downside.
ONDO Price Short-Term Trend Looks Bullish
On the 4H chart, things look more upbeat. Price is forming higher lows, and the uptrend from late July is holding up well. ONDO price is also riding above the 30-period EMA, which supports the idea that bulls are in control, at least for now.
The RSI is at 63, which shows strength but also has some space before the market gets too overheated. If momentum keeps increasing and volume starts coming in, a breakout could happen sooner rather than later.
Finally, ONDO price is in a solid spot. It’s recovering well and testing a key trendline that could decide where it goes next.
A breakthrough above $1.10 would be a substantial change and would potentially expose it to higher objectives. But without the breakout, this might still only be another lower high in a much deeper downtrend. Traders are watching closely to see if ONDO is finally ready to turn the corner.
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