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

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

CryptoFrontNewsCryptoFrontNews2025/03/06 16:00
By:Peter Mwangi

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.

  • 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 .

ONDO at a Crossroads: Key Support & Resistance Levels Define Outlook image 0 Source: Rose Premium Signals

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.

ONDO at a Crossroads: Key Support & Resistance Levels Define Outlook image 1 Source: AltWolf

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.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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