ONDO delivered a strong move in our previous analysis, gaining nearly 93% from the highlighted zone. Price is now approaching a major resistance area, where the next reaction will be important for short-term direction.
The recent announcement of early access for Ondo Perps ahead of its full launch on June 9 has added fresh market attention. This brings 24/7 perpetual trading to equities, which could support stronger sentiment around the ONDO ecosystem.
If ONDO can reclaim resistance and market sentiment improves, we may see continuation toward the range highs. However, rejection from this zone could lead to a short-term pullback, so risk management remains important.
Trading Levels
Entry Zone: $0.437 – $0.448
Take Profit 1: $0.481
Take Profit 2: $0.546
Stop Loss: $0.400
Bias: Bullish above the entry zone if resistance is reclaimed.
Invalidation: Breakdown below $0.400.
The recent announcement of early access for Ondo Perps ahead of its full launch on June 9 has added fresh market attention. This brings 24/7 perpetual trading to equities, which could support stronger sentiment around the ONDO ecosystem.
If ONDO can reclaim resistance and market sentiment improves, we may see continuation toward the range highs. However, rejection from this zone could lead to a short-term pullback, so risk management remains important.
Trading Levels
Entry Zone: $0.437 – $0.448
Take Profit 1: $0.481
Take Profit 2: $0.546
Stop Loss: $0.400
Bias: Bullish above the entry zone if resistance is reclaimed.
Invalidation: Breakdown below $0.400.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.