The price of ONDO is currently facing a crucial test at the $0.7550 support level. While bullish trends remain intact on the weekly charts, potential downside risks are mounting. Analysts are closely watching this point as it will determine whether the asset’s next move leans towards a breakout or breakdown. 📈
The recent consolidation pattern in ONDO has been dominated by horizontal movement within a tight range. Key support is located at $0.7550, while resistance lies between $0.9450 and $0.9500. This dynamic has guided price direction with distinct patterns of highs and lows.
Expert analysis reveals that the recent price action has been characterized by a consistent pattern of lower highs and lower lows, signaling potential weakness in the asset’s structure and increased bearish pressure. 📉 Traders are closely monitoring this level as the outcome could shape the direction of ONDO prices.