ONDOUSDT → Resistance Breakthrough. Ready for the race for BYBIT:ONDOUSDT by RLinda

ONDOUSDT → Resistance Breakthrough. Ready for the race

continues to hold an uptrend with cyclical counter-trend corrections. The chart is showing signs of an end to the correction and a readiness to go up

A rather large consolidation has been formed against the background of the main uptrend. Regarding this, the price is trying to go up, breaking the resistance of consolidation (triangle) and overcoming the next obstacle in the form of key resistance at 1.538. The emphasis is on this level. If the bulls manage to keep the defense above 1.538 support, ONDO may show a recovery to 1.7 - 1.9 - 2.15 in the short to medium term.

Support levels: 1.538, 1.44
Resistance levels: 1.7344, 1.90

A small pullback to support and formation of a false breakdown is possible, but price consolidation above the level will be a confirmation of readiness to go up. Targets are marked on the chart!

Regards R. Linda!

Trade active

ONDO consolidates above the key level after a false breakdown and forms a 5% momentum. There is still a lot of potential...

RLinda

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