ONDOUSD – Waiting for Bullish Re-entry After 13% Surge

ONDO recently posted a 13%+ rally, showing strong bullish momentum. However, the price faced resistance and is now pulling back, likely heading toward a key support zone between $0.85 and $0.78. This level has historically acted as a solid base, and we’re watching for signs of a bullish reversal there.

📉 Retracement Expected
The current rejection suggests a healthy correction. A controlled move back into the support range could offer a high-probability long setup—if buyers step in and price action confirms.

📈 Trade Setup (Spot Long):
• Entry Zone: $0.85 – $0.78
• Targets:
🥇 TP1: $1.13 – $1.32
🥈 TP2: $1.64 – $2.00
• Stop Loss: Daily close below $0.75