The cryptocurrency ONDO has drawn traders' attention again after bouncing from the $0.63 level. The current price hovers around $0.735, showing signs of recovery.
Price Structure and Support Retest
After a sharp dip, ONDO found support at $0.63 and bounced hard off that level. This area now serves as a safety net for bulls. Currently, the ONDO price is holding above the $0.72–$0.74 area, but a significant test lies ahead. Just above, there’s a resistance zone between $0.75 and $0.77, aligning with an old trendline that ONDO briefly pushed through before pulling back again.
Trendlines and Volume Dynamics
The ONDO chart shows two significant trendlines. A shorter-term blue line, which used to act as support, is now functioning as resistance. The longer-term downward trendline from past highs remains unbroken. Volume spiked during the bounce from $0.63, indicating that buyers stepped in aggressively. However, since then, the volume has started to fade, and we haven't seen a strong follow-up push yet.
Key Levels and Outlook
If the ONDO price can break and hold above $0.77, it opens the door for a push towards $0.85–$0.87. The next natural target is $1.00, a level that would attract more market attention. However, if the price dips below $0.72, it might return to test support at $0.67 or even $0.63 again.
In the current situation, the ONDO market shows weak signs of bullish momentum, but further movements depend on overcoming key resistance levels. Analysts' expectations keep hopes alive for growth towards significant price points.
