What happened:
After the low back in June at 0.62, ONDO delivered a 100% rally. As expected after such a move, the price corrected and then settled into a range.
Key question:
Is this strong bounce from support the beginning of the next leg up?
Why I’m bullish:
• The recent reversal from support shows buyers are defending the structure.
• The first leg up measured a clean 100% move, and the current setup mirrors that strength.
• By extension, a second leg of similar length could take ONDO above 1.50.
Trading plan:
• I remain bullish as long as 0.80 holds.
• A continuation from here would confirm that the range is resolved to the upside, opening the path to 1.50+.
Bottom line:
ONDO combines strong fundamentals in tokenized real assets with a healthy technical picture. Support is clear and the potential reward above 1.50 is on the table. 🚀
After the low back in June at 0.62, ONDO delivered a 100% rally. As expected after such a move, the price corrected and then settled into a range.
Key question:
Is this strong bounce from support the beginning of the next leg up?
Why I’m bullish:
• The recent reversal from support shows buyers are defending the structure.
• The first leg up measured a clean 100% move, and the current setup mirrors that strength.
• By extension, a second leg of similar length could take ONDO above 1.50.
Trading plan:
• I remain bullish as long as 0.80 holds.
• A continuation from here would confirm that the range is resolved to the upside, opening the path to 1.50+.
Bottom line:
ONDO combines strong fundamentals in tokenized real assets with a healthy technical picture. Support is clear and the potential reward above 1.50 is on the table. 🚀
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.