ONDOUSDT at Risk: Will Sellers Push the Price into a Freefall?
Yello, Paradisers! Are you watching #ONDOUSDT closely? The price action is channeling inside a steep descending channel, and price could be in for a sharp drop if key support levels gets breached.
💎#ONDO has already lost a major supportive region, which was once the bullish base structure. Currently, the price looks weak and is positioning for another leg lower. If sellers manage to break the minor support at 0.555, we could see a quick drop to the 0.51 level, with further declines likely to 0.45 and even 0.385.
💎However, the 0.45 to 0.38 region offers strong support, and we may witness some aggressive short covering here, potentially marking a bottom for ONDO.
💎On the upside, resistance stands firm at 0.665 to 0.70. This will be a significant hurdle for bulls to clear if they hope for any bullish revival. Additionally, the EMA-50 is fast approaching this region, further strengthening the resistance and making it a critical level to watch.
Remember, Paradisers, staying disciplined and avoiding emotional trades will keep you ahead of the majority.
MyCryptoParadise
iFeel the success🌴
💎#ONDO has already lost a major supportive region, which was once the bullish base structure. Currently, the price looks weak and is positioning for another leg lower. If sellers manage to break the minor support at 0.555, we could see a quick drop to the 0.51 level, with further declines likely to 0.45 and even 0.385.
💎However, the 0.45 to 0.38 region offers strong support, and we may witness some aggressive short covering here, potentially marking a bottom for ONDO.
💎On the upside, resistance stands firm at 0.665 to 0.70. This will be a significant hurdle for bulls to clear if they hope for any bullish revival. Additionally, the EMA-50 is fast approaching this region, further strengthening the resistance and making it a critical level to watch.
Remember, Paradisers, staying disciplined and avoiding emotional trades will keep you ahead of the majority.
MyCryptoParadise
iFeel the success🌴
The only serious crypto trading company on the web⏐MyCryptoParadise.com
FREE Telegram Channel - t.me/+skqKdwnfH2xmNTU0
Get FREE Market Insights or start trading like a PRO inside ParadiseFamilyVIP🎖️
FREE Telegram Channel - t.me/+skqKdwnfH2xmNTU0
Get FREE Market Insights or start trading like a PRO inside ParadiseFamilyVIP🎖️
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.