$ONDO Breakout from Accumulation Zons pump is coming?

ONDO has officially broken out above the neckline after months of consolidation. The structure reflects a classic inverse head & shoulders pattern, signaling a strong bullish trend reversal.

🔸 Support at $0.92 – $0.85:
This zone previously served as a key resistance and is now acting as local support. while $0.54 is the ultimate invalidation level for bulls.

🔸 Upside Target: $2.00 – $2.50
With the breakout confirmed, the next logical targets lie near previous highs. If the retest holds, we could see a steady move toward $2.00 and potentially $2.50 in the coming weeks.

🔸 Risk Level at $0.54:
A weekly close below $0.54 would put the breakout in question. New entries should use a tight stop loss below this zone to manage risk effectively.

🔸 Outlook:
✅ Already holding? Hold strong and trail stops as price moves up.
🔄 Missed entry? A clean retest around $0.85 – $0.92 would be a high-probability re-entry zone.
📈 Watch for increasing volume and bullish structure on the retest to confirm continuation.