ONDO/USDT – Technical Analysis
Trend: Price is trading inside a clear descending channel, forming lower highs and lower lows → short-term bearish structure.
Current Price: ~0.2475, hovering near the channel midline.
Resistance: 0.255–0.260 (upper channel boundary).
Support: 0.235–0.240 (lower channel boundary).
Momentum (RSI 14): ~48
Neutral zone, slightly weakening.
No strong bullish or bearish divergence visible.
Scenarios:
Bullish: Break and close above 0.260 → potential move toward 0.270+.
Bearish: Rejection from mid/upper channel → likely retest of 0.235 support.
Breakdown below 0.235: Could accelerate downside momentum.
ONDO
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