ONDO/USDT – Potential Breakout from Bullish Triangle Formation

ONDO/USDT – Potential Breakout from Bullish Triangle Formation

Description:
ONDO is currently forming a bullish symmetrical triangle on the 4H chart, following a successful breakout from a falling wedge pattern. The price is consolidating and appears to be building momentum for a potential sharp move to the upside.

A breakout above the $0.90–$0.942 resistance zone, backed by strong volume, could trigger a rally towards $1.01, $1.08, and potentially $1.17 in the medium term. Watch for a significant volume spike and a strong bullish candle to confirm the breakout. Key support levels lie at $0.776 and $0.751.

Technical Indicators:

Bullish price structure

MACD showing potential bullish crossover

Volume currently decreasing, indicating market waiting for a decisive move


Breakout confirmation is crucial. Stay alert and manage risk accordingly.