The price of ONDO/USDT is currently trading within a broader sideways range, respecting both the upper resistance and lower support levels. The falling resistance trendline has been acting as a strong barrier, rejecting the price multiple times.
However, a bullish RSI divergence is forming at the lower support zone, signaling a potential reversal or bounce.
If the price holds above the support, a breakout above the trendline could trigger an upward move towards the upper resistance zone. On the downside, losing support could lead to further weakness.
However, a bullish RSI divergence is forming at the lower support zone, signaling a potential reversal or bounce.
If the price holds above the support, a breakout above the trendline could trigger an upward move towards the upper resistance zone. On the downside, losing support could lead to further weakness.
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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.