TradeCityPro | ONDO Builds Strength Beneath Key Supply Barrier

👋 Welcome to TradeCity Pro!
In this analysis, I want to review the ONDO coin for you — one of the RWA projects, currently ranked 37th on CoinMarketCap with a market cap of $2.93 billion.

📅 Daily Timeframe
In the daily timeframe, as you can see, this coin has formed a range box between the levels of 0.7354 and 1.1933, and the price is currently sitting in the upper half of this box.

✔️ At the moment, the price is hovering around 0.9037, and it’s forming a higher low above 0.7354. If this low gets confirmed, the probability of breaking above 1.1933 increases.

⭐ The 1.1933 zone is a very significant supply level that was previously acting as support in late 2024, and after being broken, has since acted multiple times as resistance.

📊 If this area breaks, we can open a long position, or even buy this coin in spot. Personally, if this trigger is broken, I’ll open a long-term long position.

✨ The target for this position is 2.0565, and once the price reaches this level, we can take profits and consider a spot buy.

📝 Final Thoughts

This analysis reflects our opinions and is not financial advice.

Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️