Is ONDO Gearing Up for a Massive Breakout or Just a Bull Trap?

Yello, Paradisers! Is #ONDO setting up for a bullish explosion, or is this just the calm before another dump? Here's what the current price action is signaling, and why this zone could be the final opportunity before a major move…

💎ONDOUSD has remained one of the strongest-performing altcoins, even amid broader market corrections. Since peaking in December, however, it has entered a healthy corrective phase. Currently, the price is forming a falling wedge pattern, and the ABC zigzag correction appears to have completed — an early sign of potential trend reversal.

💎#ONDOUSDT is currently consolidating above a moderate support zone between 0.766 and 0.70, a level that has held firmly since early March. This repeated defense of support, along with the completed correction, is reinforcing the potential shift in market sentiment.

💎If bullish momentum starts building, price is likely to aim towards the descending resistance around the 0.90 level. A confirmed breakout above this area would flip market structure bullish, potentially igniting a trend continuation toward the next resistance range between 1.10 and 1.20.

💎Should this breakout sustain and strength remain, ONDO could target the strong resistance zone between 1.40 and 1.50, which also aligns with the 50% Fibonacci retracement — a critical level where sellers are likely to return.

Paradisers, strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler.

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