Technical analysis by CryptoNuclear about Symbol ONDO: Buy recommendation (10/4/2025)

🔎 Overview ONDO is currently trading inside a large consolidation phase after rallying to a peak around $2.14 earlier this year. Price action has now formed a symmetrical triangle pattern, compressing between lower highs and higher lows, right at the critical support zone of $0.80–1.00. This setup signals that the market is building up pressure — and the next breakout or breakdown will likely dictate the mid-term direction. --- 🏛️ Key Technical Levels Current Price: ~$0.93 Major Support Zone: $0.80 – $1.00 Upside Targets (if breakout occurs): $1.10 → breakout trigger level $1.24 → first resistance target $1.56 → secondary target $2.04 – $2.15 → major target, previous swing high Downside Levels (if breakdown occurs): $0.65 → minor support $0.50 → psychological support $0.33 → next historical support --- 📐 Pattern Explanation Symmetrical Triangle → formed by lower highs and higher lows converging into an apex. Indicates price compression and a potential big move ahead. Directional bias: Often acts as a continuation pattern (favoring bullish trend continuation), but confirmation is essential. --- 🚀 Bullish Scenario 1. Confirmation: A 5D close above the upper trendline and >$1.10 with strong volume. 2. Aggressive entry: Enter on breakout above $1.10. 3. Conservative entry: Wait for a successful retest around $1.00–$1.10 zone. 4. Upside Targets: TP1: $1.24 TP2: $1.56 TP3: $2.04 – $2.15 5. Stop-loss: Below the breakout zone → around $0.90–0.95, or safer below $0.80. --- 🐻 Bearish Scenario 1. Confirmation: A strong 5D close below $0.80 support zone with volume. 2. Entry: Short/exit longs after breakdown or on failed retest back to $0.80. 3. Downside Targets: TP1: $0.65 TP2: $0.50 TP3: $0.33 4. Stop-loss (for shorts): Above $0.85–0.90. --- ⚠️ Key Points to Watch Volume spike is crucial for validating breakout/breakdown. Retest confirmation: Breakouts are stronger if retests hold. False breakouts are common in triangle patterns — use higher timeframe confirmation (5D or weekly). Risk management: Position sizing and R:R ratio are critical; avoid overexposure. --- 📝 Conclusion ONDO is at a critical decision point within a large symmetrical triangle. Bullish breakout above $1.10 could open the path toward $1.24 → $1.56 → $2.04–2.15. Bearish breakdown below $0.80 may trigger downside toward $0.65, $0.50, and $0.33. With price nearing the triangle apex, volatility expansion is almost guaranteed — traders should prepare for a major move in either direction. --- #ONDO #ONDOUSDT #Crypto #Altcoin #TechnicalAnalysis #TrianglePattern #Breakout #BullishScenario #BearishScenario