ONDO continues to show a bullish market structure across both the 4H and 1H timeframes. Multiple Breaks of Structure (BOS) and a series of higher highs and higher lows suggest that buyers remain in control.
š Chart Analysis ā Strong reaction from the major demand zone around 0.34 - 0.35.
ā Price is approaching a key resistance area.
ā The 4H Fair Value Gap (FVG) around 0.40 remains unfilled.
š„ Liquidity Analysis According to the Coinglass liquidation heatmap, the largest liquidity concentrations are located at:
šŗ Above Price: ā¢ 0.435 - 0.445 ā¢ 0.455 - 0.465
š» Below Price: ā¢ 0.395 - 0.405 ā¢ 0.375 - 0.385
Since liquidity often acts as a magnet for price, the 0.435 - 0.445 region remains the most likely short-term target.
š° Funding Rate Funding remains positive, indicating that long positions are currently dominant. While this supports the bullish outlook, it also increases the possibility of a short-term liquidity sweep before continuation.
šÆ Key Levels ā¢ Resistance: 0.435 - 0.445 ā¢ Support: 0.400 - 0.405 (FVG) ā¢ Strong Support: 0.380 - 0.390
š Potential Scenarios 1ļøā£ Liquidity sweep into 0.435 - 0.445 followed by a pullback.
2ļøā£ Bullish breakout targeting 0.46 - 0.48.
3ļøā£ Loss of 0.40 support could trigger a deeper retracement.
ā ļø This analysis is for educational purposes only and should not be considered financial advice. Always manage risk and do your own research.