$ONDO/USDT Accumulation Analysis
🔸 Key Support Zone at 0.55 - 0.83:
ONDO is currently in a potential accumulation phase within the highlighted support zone. Price has tested this area multiple times, indicating strong demand.
🔸 Upside Target: $1.50 - $2.00
Once the accumulation phase is completed and ONDO breaks above the $1.00 resistance, it can potentially rally towards $1.50 and beyond.
🔸 Risk Level at $0.50:
A clean breakdown below $0.50 would invalidate the bullish outlook and signal further downside risk.
🔸 Action Plan:
Start accumulating ONDO in the $0.83 - $0.55 range.
Use a Dollar-Cost Averaging (DCA) strategy to manage risk.
Wait for a breakout above $1.00 for confirmation of trend reversal.
If price drops below $0.50, reassess the position.
This is a high-reward potential setup, but patience is key while accumulation plays out.
