ONDO Nears Critical $0.20–$0.32 Demand Zone as Traders Anticipate Major Reversal
ONDO is hovering NEAR a critical price range this week, drawing attention from traders anticipating a potential reversal. The token, currently trading around $0.33, has shed 85% of its value since its last cycle peak. Market participants are now eyeing the $0.20–$0.32 zone as a key demand area, historically associated with strong buying interest.
Crypto Patel notes steady accumulation in the spot market, with large orders clustered between $0.35–$0.40. The 90-day cumulative volume delta remains positive, suggesting institutional interest. Technical analysis indicates cautious optimism, provided weekly closes hold above $0.20. Patel outlines long-term recovery targets at $0.70 and $1, contingent on market absorption of the 2026 unlock supply.
