#ondousdt Will Support Levels Trigger a Rebound?

The ONDO/USDT pair shows mixed signals on the 4-hour and daily charts. On the 4-hour chart, the RSI is at 45.48, indicating a neutral market with potential for both upward and downward movements. The MACD shows a weakening bearish momentum with the MACD line at 0.0141, the signal line at -0.0403, and the histogram at -0.0544. Key support levels are around $0.50 to $0.60, with resistance at $1.10 and $1.17. On the daily chart, the RSI is at 25.62, signaling oversold conditions which suggest a potential rebound.

The MACD, however, indicates strong bearish momentum with the MACD line at -0.0286, the signal line at -0.0609, and the histogram at -0.0896. The support and resistance levels remain the same as the 4-hour chart.

In summary, a bullish scenario could unfold if the price holds above the $0.50 to $0.60 support, potentially leading to a rebound towards the $1.10 and $1.17 resistance levels. The oversold RSI on the daily chart supports this potential rebound

Conversely, if the support at $0.50 to $0.60 fails, further declines are likely, as indicated by the persistent bearish MACD. This analysis is for educational purposes only and is not financial advice. Always do your own research and consult a financial advisor. The author and publisher are not responsible for any financial losses based on this analysis.

Disclaimer:
This analysis is for educational purposes and not financial advice. Always do your own research and consult a financial advisor. The author and publisher are not responsible for any financial losses based on this analysis.

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