ONDO Price Analysis Points To Strong Bounce From Key Support Zone

ONDO trades near $0.3756 after a 6.52% daily gain, with bulls watching $0.4187 resistance and the $0.60 to $0.65 zone.

ONDO is showing a sharp rebound from a lower support area near $0.20 after recent selling pressure.

The token was trading around $0.3740 on the daily chart, while buyers pushed the price back above $0.30.

The move placed ONDO about 88% above its recent low, as traders watched nearby resistance and momentum signals for direction.

ONDO Price Rebounds From Lower Support

ONDO was trading near $0.3756 on Binance against TetherUS. The daily candle showed a gain of about 6.52%.

The token recently bounced from the $0.2334 support area. This move followed a steep decline from the upper range near $1.09.

Market analysts have also pointed to the $0.30 to $0.20 area as an accumulation zone. The area is close to the recent demand base.

The move from the recent low has brought renewed interest to ONDO price analysis. It also comes as the real-world asset sector remains active in crypto markets.

Some traders have said ONDO is up about 88% from its recent low. Others have tracked a 52% move from earlier entries.

These figures are based on trader posts and chart levels. They should be viewed as market observations, not guaranteed outcomes.

Fibonacci Levels Show Key Resistance Zones

The chart shows ONDO remains below several Fibonacci retracement levels. The first key resistance is the 0.786 level at $0.4187.

A daily close above $0.4187 may support a move toward higher levels. The next major resistance is near $0.5641.

The $0.60 to $0.65 zone is now a key area for buyers. A break above that range could change short-term market structure.

ONDO rebounds sharply as RSI enters overbought territory. Source: TradingView.

The 0.5 Fibonacci level is placed near $0.6662. This level sits close to the upper part of the watched resistance range.

Higher resistance levels appear near $0.7684 and $0.8948. The upper chart range remains near $1.0991.

ONDO would need stronger volume to move toward those zones. A weaker move may face selling pressure before reaching them.

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MACD And RSI Show Strong Momentum

The MACD is showing better momentum on the daily chart. The MACD line is near 0.0108, while the signal line is near 0.0111.

The histogram is positive, and it shows stronger buying pressure. However, the MACD still needs a wider move above the signal line.

The RSI is near 87.11, which places ONDO in overbought territory. The RSI signal line is around 64.84.

An RSI above 70 can show strong demand. It can also signal that the price may cool before another move.

Traders may watch whether ONDO holds above $0.30 during any pullback. A deeper support zone remains near $0.2334.

For now, the chart shows a strong rebound and active buying interest. The main test is still the $0.60 to $0.65 resistance area.

A move above that zone would place the next Fibonacci levels in focus. Failure there may return attention to support between $0.30 and $0.20.

The post ONDO Price Analysis Points To Strong Bounce From Key Support Zone appeared first on Live Bitcoin News.