$ONDO Testing Macro Support Boundaries Amid Sustained Correction



​The price of Ondo Finance ($ONDO) is currently trading at $0.3441, booking a severe intraday loss of -9.97%. Looking at the 1-hour chart, the token is locked inside an aggressive down-trending channel, slipping below several major intermediate liquidity shelves as high sell-side distribution continues to pace the market.

​Long $ONDO
​Entry Zone: $0.3350 – $0.3460
​Stop Loss (SL): $0.3220
​Target 1 (TP1): $0.3680
​Target 2 (TP2): $0.3850
​Target 3 (TP3): $0.4000

​Market Analysis
​$ONDO has taken a notable hit over the current session, continuously sliding down since buyers failed to sustain momentum near its local peak of $0.4025. This persistent selling pressure has pinned price action right against its immediate 24-hour low floor of $0.3403. Given that the token is intensely overextended to the downside on shorter timeframes, it is heading straight into a key historical demand cluster where a strong technical counter-trend reaction can be anticipated.

#GateSquareMayTradingShare
ONDO-9.22%
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