ONDO Price Consolidates in Descending Channel as $0.84–$0.88 Support Defines Next Move
- ONDO is compressing within a falling channel, and the price now stands at $0.9203 following a rise of 0.3 per cent in a day.
- The demand zone at $0.84-0.88 is considered a critical support zone and the resistance is at 0.9316 and 0.95-1.00.
- A downward break below 0.84 may reveal more liquidity levels below 0.80 and the support in the holding side is favorable towards recovery.
ONDO is trending within a very constricted falling channel, with action concentrated above an important support level. The token currently trades at $0.9203, up just 0.3% in the last 24 hours. Participants are observing closely the $0.84 to $0.88 region, identified as a demand zone. That level has consistently operated as a pivot against lower price action, and its continued stability remains paramount to the short-term setup.
ONDO Price Consolidates Within a Descending Channel Amid Tight Trading Range
The latest chart developments indicate that ONDO is consolidating inside a downward channel, with lower highs and lower lows shaping the trend. The support area near $0.9057 continues to attract attention, given the repeated tests in recent sessions.
Price resistance is marked at $0.9316, forming a tight 24-hour range that limits momentum. Notably, the channel’s upper boundary aligns near $0.95 to $1.00, adding further weight to these resistance levels.
Demand Zone Stability and Market Performance Against Major Pairs
Price movement remains tethered to the highlighted demand zone, where buyers have historically entered the market. Should the token maintain a floor between $0.84 and $0.88, a rebound toward the upper channel barrier appears possible. Such a move would bring focus back to the $0.95 to $1.00 resistance zone, which represents the next testing area for market pressure. However, any break below this demand region could redirect attention toward liquidity zones under $0.80, where the next concentration of interest lies.
Market behavior over the last 24 hours shows stability with measured fluctuations.ONDO is selling at 0.058239 BTC at a 0.9 percent daily appreciation. The token has increased by 0.8% to 0.0002124 ETH against Ethereum. This comparison of gains highlights the relative strength of the coin as it holds its own in its channel. As trading activity continues, price action remains heavily linked to the lower support threshold, which serves as the immediate level of significance.
