$ONDO Accumulation Zone Analysis #ONDO is currently trading wit

ONDO Accumulation Zone Analysis

#ONDO is currently trading within a strong weekly demand zone between $0.60 – $0.40, marked by heavy historical buying interest and multiple successful bounces. This area has acted as a reliable accumulation range in the past, forming a potential triple bottom or inverse head & shoulders pattern — both classic reversal signals.

🔸 Support at $0.40 – $0.60:
This zone has been tested multiple times, confirming buyers' interest. The red horizontal line around $0.40 is the ultimate invalidation point for bulls.

🔸 Upside Target:
The white projection line shows a potential rally after price confirms breakout above $0.91 resistance, targeting previous highs near $2 – $2.50, in line with historical resistance.

🔸 Risk Level at $0.38 (Invalidation):
If price closes weekly candles below $0.40, this bullish structure is invalidated. A strict stop loss should be placed just under this region.

🔸 Outlook:
Accumulate in the $0.60 – $0.40 range, ideally with staggered entries. Wait for confirmation breakout above $0.91 for aggressive exposure. Monitor for bullish volume and structure around the neckline.