Technical analysis by tradecitypro about Symbol ONDO on 3/18/2025

👋 Welcome to TradeCity Pro!In this analysis, I’ll be reviewing Ondo, one of the RWA projects, currently ranked 32nd on CoinMarketCap with a market cap of $3.04 billion.📅 Daily TimeframeAs seen in the daily timeframe, a downtrend has formed, extending down to the $0.7845 low. Currently, with declining volume, the price has entered a consolidation and corrective phase.💥 If the price manages to stabilize below $0.7845, the next bearish leg could begin. Therefore, upon breaking this level and confirming a trigger in lower timeframes, we can enter a position.✨ In case of an upward correction, the first resistance zone will be at $0.9429, and if the price corrects further, breaking $1.1919 could confirm a trend reversal.🛒 For spot buying, the risky trigger is $1.1919, while the main triggers are $1.6073 and $2.0434. If you have already purchased this coin, you can set your stop loss at $0.7845 in case of a breakdown. The RSI entering the oversold zone could serve as a momentum confirmation.⌛️ 4-Hour TimeframeIn the 4-hour timeframe, a range box has formed between the $0.7845 and $0.8875 levels.✔️ Buyers have shown stronger volume and momentum within this range. If $0.8875 is broken, you can enter a long position.🔽 For a short position, if $0.7845—a significant level on the daily timeframe as well—breaks, you can enter. As mentioned earlier, breaking this level could trigger the next bearish leg.📝 Final ThoughtsThis analysis reflects our opinions and is not financial advice.Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️