$ONDO formed a clean V-shaped recovery pattern from the 0.327 support zone after a prolonged selloff from 0.379. The rebound gained momentum quickly, breaking multiple lower highs and reclaiming the 0.360 area. Price is now consolidating near 0.365 after the breakout, suggesting buyers remain in control while the market prepares for the next directional move on the 1H chart.
Setup:
• Entry: 0.360 – 0.366
• Target 1: 0.370
• Target 2: 0.380
• Target 3: 0.395
• Stop-loss: 0.348
RSI around 61.12 indicates bullish momentum is building without being overextended yet. The higher-low structure and strong recovery from 0.327 signal growing buyer strength. If ONDO continues holding above the 0.360 breakout zone, the current consolidation could act as an accumulation phase before another push toward the recent highs. 🚀📈
Trade #ONDO here
ONDO
0.3536
-0.81%