Ondo Crypto at Crossroads: Will $0.83 Support Spark a Bullish Rebound After 9% Plunge?

Ondo's price takes a 9% nosedive—but crypto traders are eyeing a potential lifeline at $0.83.

Will this altcoin pull off a classic 'V-shaped recovery' or join the graveyard of overhyped tokens? Here's what the charts suggest.

Key levels to watch: A hold above $0.83 could signal accumulation, while a breakdown might trigger stop-loss carnage. Meanwhile, Bitcoin maximalists are already smugly tweeting 'I told you so.'

One thing's certain: In crypto, even dead cats bounce—especially when leveraged degens smell blood in the water.

Key technical points

• $0.83 High-Confluence Support: Point of control, 0.618 Fibonacci, and channel low align at this level.
• Healthy Correction: Rejection from resistance has brought price to a potential higher low zone.
• Volume is Key: Bullish volume needs to return at support to confirm demand and validate reversal.

The rejection from resistance was expected after such a strong upside move, and the resulting correction appears structurally healthy. Rather than breaking down market structure, Ondo is approaching a zone that could establish a higher low—an essential characteristic of a continued bullish trend. The $0.83 region now becomes critical. Holding this level could trigger a rotation back toward recent highs and continue the broader uptrend.

From a market structure standpoint, this corrective MOVE does not yet invalidate the bullish thesis. Price has not broken below any major higher low and is approaching a textbook support zone. If support is confirmed through price stability and volume inflows, a higher low will be in place and pave the way for a potential breakout attempt in the sessions ahead.

The volume profile will be especially important in validating any reversal from this level. Traders should closely monitor for strong bullish volume (blue volume bars) around the point of control. This WOULD suggest that demand is actively stepping in to defend the support and absorb supply. Without this influx, there remains a risk of further drifting or downside continuation.

However, if demand does show up at this level, the probability of a reversal increases significantly. A reclaim of the value area low would then serve as additional confirmation, likely followed by a challenge of the previous resistance levels that caused the initial rejection.

What to expect in the coming price action

Ondo is approaching a major support region at $0.83, where bullish confluence suggests a high-probability reversal zone. If strong volume returns, expect a potential bounce and structure continuation. Failure to hold could lead to further downside, but the current correction remains technically healthy within the broader uptrend.