ONDO's price battles $0.45 resistance as traders eye key support levels
ONDO’s latest price movements have highlighted a struggle at key levels. The $0.45 resistance zone has repeatedly pushed back rally attempts, while support near $0.35-$0.36 remains intact. Analysts note that recent trading patterns appear less organic and more deliberate, suggesting coordinated activity in the market. The rally toward $0.45 began with steady momentum, climbing from the $0.35 support base. Buyers initially drove the price upward, but the moment ONDO touched $0.45, sellers stepped in aggressively. A sharp upper wick on the chart marked the rejection, indicating strong distribution at that level.
Technical indicators reflect a slowdown rather than a breakdown. The Relative Strength Index (RSI) has pulled back from overbought territory, and the Moving Average Convergence Divergence (MACD) shows a mild rollover. Meanwhile, liquidation clusters sit above $0.40, with long positions vulnerable near $0.30.
Broader market conditions add context to the rejection. With equities near recent highs, the $0.45 pullback appears more like profit-taking than panic selling. Observers also point to repeated liquidation events on both sides of the market, hinting at calculated positioning by large traders before any clear trend emerges. ONDO’s price continues to hold above $0.35-$0.36 support, keeping the bullish outlook technically possible. The repeated rejections at $0.45 and the presence of liquidation zones suggest cautious trading ahead. Market participants now watch for either a breakout or further consolidation within these key levels.
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