ONDO/USDT - Major Trendline Test Reversal or Bearish Rejection?ONDO/USDT on the 12H timeframe remains within a clear primary downtrend structure after failing to hold the high area above 0.95. Price continues to form lower highs and lower lows, confirming seller dominance in the medium-term trend.
However, the latest candles show an impulsive bullish reaction from the lower demand zone, with price now testing the descending trendline, which acts as the main dynamic resistance.
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Pattern & Structure Explanation
Primary Pattern: Descending Trendline (Bearish Structure)
Price has consistently respected the descending trendline → confirming the bearish trend.
The current move is a bullish pullback toward resistance, which is a critical decision area:
Potential rejection point (bearish continuation)
Or an early breakout signal (trend reversal confirmation)
No reversal is confirmed until price achieves a valid break and close above the trendline.
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Key Levels (Horizontal Structure)
Major Resistance:
0.453 – 0.470 (trendline + minor supply), 0.519, 0.692, 0.761
Major Support:
0.380 – 0.360 (recent demand zone), 0.350 (last structural low)
These levels are clearly defined by previous price reactions and horizontal structure on the chart.
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Bullish Scenario
The bullish scenario is valid only if:
1. Price breaks and closes above the descending trendline (12H close).
2. A healthy retest holds the 0.45–0.47 zone as new support.
Bullish Targets (Step-by-Step):
0.519 → 0.692 → 0.761 (mid-term recovery target)
Such a breakout would indicate:
The end of bearish momentum
A potential medium-term trend reversal
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Bearish Scenario
The bearish scenario remains the base case as long as:
1. Price fails to break the descending trendline
2. A clear rejection or bearish candle pattern appears at resistance
Bearish Targets:
0.380 → 0.360
A breakdown below 0.350 would open the path for new lower lows.
Rejection at the trendline often provides an ideal continuation short setup within a downtrend structure.
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Conclusion
ONDO/USDT is currently trading at a critical decision zone.
The dominant trend remains bearish, while short-term bullish momentum is being tested.
Trendline break = reversal opportunity
Trendline rejection = downtrend continuation
Traders are advised to wait for confirmation, not speculation, as this area will determine the next major move.
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