The ONDO/USDT pair continues to stay in a tightly compressed range, with price action forming yet another daily doji candle. This indicates the market’s ongoing indecision. Despite recent bullish attempts, the ONDO price remains caught beneath key resistance levels, particularly the psychologically and technically critical $0.99 mark. The battle between bulls and bears remains even, with neither side showing dominance as of now.
As shown in the chart from @CryptoJobs3, the price of the ONDO coin is trading in a narrow band between $0.9430 and $0.9485, with the current daily candle printing a small-bodied doji. The Ichimoku Cloud indicator effectively reflects this indecision.
The price is just below the red baseline (Kijun-sen), with the conversion line (Tenkan-sen) offering minor dynamic resistance. The future cloud (Senkou Span A and B) shows a slight bullish twist, indicating potential upside. But this will only happen if the current resistance levels are breached.
Lingering Between $0.9340 and $0.9600
Zooming out, ONDO crypto is consolidating inside a “neutral zone” on the chart. The neutral zone ranges from approximately $0.9340 to $0.9600. This zone has acted as a volatility trap over the last few sessions, with bulls unable to push decisively higher and bears lacking the volume to drive price lower. Each daily close within this range confirms the market’s hesitation.
Resistance remains stacked above: $0.9680, $0.9760, and $0.985. All of them represent overhead supply that must be cleared before Ondo Finance can even approach the all-important $0.9900 level. That $0.99 barrier is not just a number. It represents an important aspect of renewed bullish momentum. A daily close above it could invite a swift rally toward the next psychological resistance at $1.0150.
On the downside, support at $0.9200 and $0.9050 appears intact for now. But any breach below these levels could open the door to a deeper correction, especially if broader market sentiment turns risk-off.
ONDO Price Could Still Rally in the Future
The chart’s Ichimoku structure does offer a glimpse of hope. The future cloud projects a mild upward slope. Senkou Span A is expected to rise in the coming sessions. However, that future bullish sentiment remains contingent on present price action. Without a clear breakout above $0.99, that upside remains theoretical.
Traders and investors are currently in a holding pattern. Choppy price action like this often shakes out weak hands before a move occurs. As the technical structure matures, the key will be a clean, high-volume daily close above $0.9900. Until then, the ONDO price chart is indicating caution over conviction.
In short, ONDO is in a waiting game. If it can break and hold above that line, the ONDO coin could shift from neutral to breakout mode immediately. Until then, it’s best to stay alert, not aggressive.
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