- ONDO nears key support as TD Sequential flashes buy signals, hinting at a possible rebound despite ongoing selling pressure.
- Accumulation within the $0.75-$0.82 range suggests liquidity buildup, with a breakout above $0.82 potentially triggering a bullish move.
- Bulls must reclaim $0.82 for a rally toward $1.00+, while failure to hold support could see ONDO drop toward $0.5688.
The ONDO/USDT trading pair has shown mixed signals in recent sessions. The TD Sequential indicator is flashing multiple buy signals on the 12-hour chart, hinting at a potential rebound. According to ali_charts, momentum could be shifting as ONDO hovers near key support levels. However, the price remains under selling pressure, currently trading at 0.7572 USDT with a 4.20% decline.
TD Sequential Indicator Hints at Reversal
ONDO has experienced a downtrend over the past few days. The price initially stood around 0.94 USDT on March 27 before plunging sharply. Despite a brief attempt at stabilization on March 27-28, bearish momentum persisted.
The market continued its decline, forming consecutive bearish candles until March 30. A temporary recovery saw two bullish candles emerge, but selling pressure soon resumed. Currently, the price sits at 0.7572 USDT, just above its recent low of 0.7500 USDT.
The TD Sequential indicator has flashed buy signals, often signaling potential trend reversals. If these signals hold, ONDO may see renewed bullish momentum. However, strong resistance levels must be cleared for confirmation.
Accumulation Phase and Breakout Potential
According to jexpump, ONDO/USDT is consolidating within a defined accumulation range on the 4-hour chart. The price is trading between $0.75 and $0.82, forming a base after a prolonged downtrend. This phase suggests that liquidity is building up before a potential breakout.
There is a support level at $0.5688, and an uptrend might be initiated by a breakout above $0.82. A possible trend shift is indicated by the key goals for a bullish rise, which are $0.95-$1.00 (TP1), $1.20 (TP2), and $1.50+ (TP3). But traders should exercise caution and set a stop-loss below $0.74 at a 4-hour closing.
Outlook: Cautious Optimism
ONDO has struggled to break its long-term downtrend, but recent indicators hint at a possible reversal. The TD Sequential buy signals and accumulation phase suggest a shift in momentum. However, strong resistance levels must be breached for confirmation.If bulls push ONDO above the $0.82 resistance, a rally toward $1.00 and beyond may unfold. Conversely, failure to hold support could lead to further declines toward $0.5688.
