ONDO has finally broken out from the falling channel structure and completed a very clean retest. The breakout level held perfectly, which is usually a strong sign of trend continuation if volume supports the move.
https://preview.redd.it/jnjlp1q0gb2h1.png?width=1793&format=png&auto=webp&s=8471f0cd650bdeb5cb0b73164f3b6d51863edbb3
CMC LINK:
https://preview.redd.it/frg2ptb2gb2h1.png?width=1793&format=png&auto=webp&s=accc30c85c953ff1b46511ca13d4a72f805d1e8b
CMC Link: [https://coinmarketcap.com/currencies/ondo-finance/](https://coinmarketcap.com/currencies/ondo-finance/)
Right now, chasing candles at current levels may not be the best risk/reward entry. The ideal accumulation zone still looks to be around:
.361 – .373
As long as ONDO holds this support region, the overall structure remains bullish.
Targets to watch:
• .412
• .439
• .455
• .47 long-term target
The chart structure is improving steadily after weeks of downtrend movement, and momentum is starting to shift back toward buyers.
If BTC stays stable, ONDO could outperform strongly from this zone over the coming sessions.
NFA | DYOR