ONDO Consolidates at $0.24 Support in Range-Bound Market
ONDO's price action remains confined between the $0.24 support and $0.30 resistance levels, reflecting a market in equilibrium following February's volatility. The token has formed a horizontal trading channel, with a series of higher lows suggesting tentative recovery momentum. However, the lack of significant trading volume leaves the breakout thesis unconfirmed for now.
Traders are closely watching the $0.30 threshold as a key inflection point. A decisive daily close above this level, backed by sustained volume, could signal a structural shift and the beginning of a new uptrend. Until that catalyst occurs, the established range persists—serving as a battleground between accumulation by long-term believers and distribution by short-term holders.
