ONDO at a Crossroads: Key Support & Resistance Levels Define Outlook

• ONDO nears critical $0.8975 support, aligning with Fibonacci levels, as traders monitor potential reversal signals.
• The 200-day EMA at $1.1383 acts as resistance, with a descending trendline capping bullish momentum in a bearish market.
• A breakout above $1.1663 could shift momentum, while failure to hold key support may extend ONDO’s downtrend further.

The ONDO trading pair is at a pivotal point, navigating a corrective phase following a sustained downtrend. Market analysts are closely watching key technical levels as the price action determines the next directional move.

Key Support and Resistance Levels

According to Rose Premium Signals, ONDO/USDT remains within a falling wedge pattern on the weekly timespan, a setup often linked to potential trend reversals. The currency of digital money has been declining since the high of $2.1422, making successively lower highs and lower lows. It is now at $1.1849, having recorded a slight fall of -0.63%. The most significant support level of $0.8975 is aligning with the 0.786 Fibonacci retracement level, which makes it an important area where investors can intervene.

Holding above $0.8975 could trigger a recovery, with potential targets at $1.6412 (T1) and $2.1602 (T2). A descending trendline from previous highs continues to limit upside movement. If ONDO moves higher, the first resistance zone lies between $1.1400 and $1.1663, a level where the price has struggled before. Breaking above this range could indicate a trend shift, while a drop below support may extend losses.

Technical Indicators and Market Sentiment

AltWolf’s analysis shows that ONDO/USDT is still in a bearish trend, with the 200-day EMA at $1.1383 acting as resistance. The price recently tested this level but failed to break through, reinforcing downward pressure. A long-standing trendline from past highs is adding to selling momentum and limiting any potential recovery. Until ONDO breaks above key resistance levels, the broader trend remains bearish.

Trading volume is uncertain, signaling a lack of strong buying or selling momentum. Without a surge in volume, any recovery attempt may be short-lived. Market participants are closely watching whether ONDO can hold support or if sellers take control again. The next few sessions will determine if ONDO reverses or continues its downtrend.