Falling wedge breakout classic script, if volume follows, it can rally, TP3 sees 0.4, not excessive, right?

#VitalikUnveilsLeanEthereum
🚀 $ONDO USDT Technical Analysis: Breakout Confirmed – Is a Strong Rally Next?

$ONDOUSDT is finally showing signs of strength after spending weeks trading inside a falling wedge, one of the most reliable bullish reversal patterns in technical analysis. The recent breakout above the descending resistance suggests that buyers are beginning to regain control, increasing the probability of a continuation toward higher resistance levels.

📈 Chart Breakdown

The chart shows that ONDO has been making lower highs and lower lows since May, forming a clear falling wedge. This pattern often signals that selling pressure is weakening.

Now, price has:

✅ Broken above the descending trendline.

✅ Closed above the breakout zone.

✅ Started printing higher lows, confirming improving bullish momentum.

✅ Successfully defended the support around $0.30–$0.31, where buyers stepped in aggressively.

As long as price remains above the broken trendline, the breakout remains technically valid.

🎯 Key Price Targets

🔹 TP1: $0.3506

The first resistance level.

A move here would confirm that buyers remain in control.

🔹 TP2: $0.3694

A stronger resistance zone where some profit-taking could occur.

Breaking above this level would significantly strengthen the bullish outlook.

🔹 TP3: $0.4000

The major psychological resistance.

If bullish momentum continues and Bitcoin remains strong, this target becomes highly achievable.

📊 Market Structure

The structure is beginning to shift from bearish to bullish.

A successful retest of the breakout zone would provide additional confirmation before the next impulsive move higher. Increasing trading volume during the breakout would further validate the setup.

⚠️ Risk Management

No breakout is guaranteed.

A daily close back below the broken trendline—especially below $0.31—would weaken the bullish setup and could lead to another test of the $0.286 support area.

💡 Trading Outlook

The technical picture favors the bulls. The falling wedge breakout suggests that ONDO may be preparing for its next leg higher, with $0.3506, $0.3694, and $0.4000 acting as the key upside objectives.

Patience is important. Watching for sustained buying volume and a successful retest of the breakout level will provide the strongest confirmation that the rally is just getting started.

📌 Keep $ONDOUSDT on your watchlist—this breakout could be the beginning of a significant bullish move if the broader crypto market continues to support risk assets.

#ONDO