Ondo (ONDO) Price Analysis: Bullish Structure Intact Despite 5.44% Drop 馃搳
Ondo has shed 5.44% in the past 24 hours, with a 32% decline in daily trading volume. Despite this, the lower timeframe price action suggests the $1.9 zone is a key support zone 馃殌.
The 1-day chart outlines a bullish structure, with dips to $1.67-$1.8 considered buying opportunities 馃搱. After a deep retracement to $1.3 on December 9, ONDO bounced back quickly, with a local high at $2.146 馃搳.
Key levels to watch:
- Support: $1.9, $1.67-$1.8
- Resistance: $2.14, $2.34, $2.66
- Weekly significant levels: $0.5, $1.48
The coming days may see a retest of the $1.72 area as a demand zone. With a strong capital inflow reflected by the CMF (+0.16), the higher timeframe bias remains bullish 馃殌.
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