ONDO/USDT Daily Point Analysis and Direction Prediction

Support Levels:

1. $1.3100: Important short-term support; if broken, may test around $1.2100.

2. $1.2100: Strong medium-term support; if lost, may trigger further declines.

Resistance Levels:

1. $1.4000: Short-term pressure level; if broken, may challenge $1.6700.

2. $1.6700: Key medium-term resistance; breakthrough requires significant volume confirmation.

Market Direction:

Current trend is weak, with the MA7 moving average pressuring the price, and the MACD indicator showing a bearish cross downward, leaning towards bearish in the short term.

Trading Suggestions:

• Long Position Strategy: Can try a light position near $1.3100, target $1.4000, stop loss $1.2800.

• Short Position Strategy: Enter short after breaking below $1.3100, target $1.2100, stop loss $1.3400.

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