фото показано с : captainaltcoin.com

ONDO is starting to turn heads again. After bouncing off recent lows, the token is now climbing toward a zone that’s acted as both support and resistance in the past. 

A tweet from CryptoED brought new interest to this move, and it pointed out that if ONDO price can break above the current range and flip it into support, it might open the path toward a $3 target.

ONDO is trading at $0.8172, up nearly 2% on the day. The ONDO chart shows the price pushing into a zone between $0.81 and $0.85, an area that traders know well. 

It has played the role of both support and resistance in the past, and right now, ONDO is testing it from below. After bottoming out near $0.60, ONDO price has been steadily climbing. 

This range now stands as the next hurdle. If the token can close above it and hold, momentum could shift in favor of the bulls. If not, the price could get rejected again and drift back toward lower levels.

Looking at the ONDO chart structure, things are lining up for a potential turnaround. A steep descending trendline from the previous downtrend has already been broken. 

In its place, a rising blue trendline is forming beneath the current price, and it shows ONDO is printing higher lows.

That usually signals accumulation, buyers stepping in more aggressively each time price dips. But to really confirm a reversal, ONDO price needs to break through this resistance zone and prove that bulls are in control.

Read Also: El Salvador Adds More BTC, BlackRock Buys ETH, ONDO Expands Reach

Momentum has been strong, but the Stochastic RSI is now in overbought territory. Both lines are above 90, which often means a short-term cooldown might be around the corner. 

This doesn’t necessarily mean a big drop, but some sideways movement or a dip before the next move up wouldn’t be surprising.

Volume has also picked up since ONDO price bounced near $0.60. That buying interest helped lift the price and could provide the fuel needed to push higher, as long as bulls stay active.

In his tweet, CryptoED said the path to $3 could open up if ONDO breaks and holds above this range. That level is still far off, but the first step is clear: reclaim $0.85 and turn it into support.

If that happens, traders may start eyeing higher zones like $1.10 and $1.50. But for now, all eyes are on this resistance zone. Whether ONDO price breaks out or pulls back, the next few candles will tell the story.

Subscribe to our YouTube channel for daily crypto updates, market insights, and expert analysis.

The post ONDO Price Testing Key Resistance – Traders Are Watching Closely appeared first on CaptainAltcoin.

234 +