📊 $ONDO is showing signs of consolidation after its recent downward movement, with price action contained within a narrowing range. The asset is displaying weakening bearish momentum as indicated by the converging MACD lines, though overall market structure remains cautious. ADX reading of 71.7 suggests a strong trending environment, but the DMI spread indicates potential exhaustion of the current move.


💰 Technical Overview:

The current price of $0.7929 sits just below the pivot point ($0.7969), suggesting immediate overhead resistance. RSI at 47.23 shows neutral conditions but with room for movement in either direction. The relatively tight Bollinger Band width of 26.68% could be signaling an upcoming volatility expansion.


📈 Key Observations:

• Price is consolidating between $0.7787 (S1) and $0.8111 (R1)

• Volume ratio at 0.58x indicates decreased trading activity

• Strong ADX reading suggests trend continuation is likely

• Major resistance zone starts at $0.8936


🎯 Trade Setup:

Conservative traders should wait for a clear break above $0.8111 for longs or below $0.7787 for shorts. The primary support at $0.7476 serves as a critical level for position defense. Risk management is crucial given the moderate liquidity score of 6/10.


💡 Action Plan:

Monitor for a breakout from the current range. Entry opportunities present themselves on a confirmed break above R1 ($0.8111) with targets at $0.8936, using S1 ($0.7787) as the invalidation point. Current risk/reward setup suggests waiting for clearer directional confirmation before significant position taking.


Remember: Current volatility rating of 2/10 suggests tight stops are necessary for any new positions.


#BNBChain# #Musk #Japan

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March 31, 2025 at 3:28 PM
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