$ONDO chart is showing some real momentum right now after a tough period. Sitting at $0.4363 with a solid 3 percent gain on the day, it's pushing against recent resistance after touching a high around $0.4877 earlier. The price has clearly broken out from that long consolidation zone it was stuck in for weeks, climbing from the lows near $0.20 earlier this year.



Looking at the Bollinger Bands, the price is riding the upper band nicely, which suggests continued strength but also that we could see some cooling off soon if it gets too stretched. The middle band around $0.39 acts as decent dynamic support if things pull back. RSI at 66 is in bullish territory without being overextended yet, so there's still room to run before hitting extreme levels.
Volume has picked up nicely on this move, which adds confidence to the uptrend. Over the past month it's up more than 64 percent and nearly 75 percent on the 90-day view, though the longer one-year picture still shows it's down overall from those 2025 highs. The recent recovery looks healthy though, especially with that clean bounce off the lows.
Short term, I'm watching the $0.45 area as the next hurdle. If it clears that with volume, we could test higher toward $0.50. On the downside, a retrace to the $0.39-$0.40 zone would be a natural place to look for support. Overall the structure feels constructive after such a deep correction earlier.#TradfiTradingChallenge
ONDO-0.41%
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