ONDO Shatters Bearish Pattern, Targets $0.85 as Crypto Market Rebounds
ONDO's price action shows a decisive breakout from a three-month downtrend, with the $0.44 level emerging as critical support. The token has rebounded 30% from December lows, signaling waning bearish momentum as buyers return.
Technical indicators paint a cautiously optimistic picture. The RSI's climb from oversold territory to 44 coincides with a bullish MACD crossover, though both remain below neutral thresholds. A confirmed hold above $0.44 WOULD validate the breakout and open a path toward $0.53 resistance.
The chart suggests layered upside potential: initial targets at $0.53 and $0.64 represent former consolidation zones, while the $0.85 area looms as a major technical hurdle. Failure to maintain $0.44 support could see retracement to $0.39-$0.36 levels.
