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since the last readPrice has left the range the coin's last read drew.
Price has left the range the coin's last read drew.
After the spike to 0.6084: a 0.3596–0.5336 range, price at the floor
The setup is still bullish while ONDO holds over 0.3376: price has turned at 0.3603 20 times in 100 candles — but it is being tested.
Backing it: the weekly chart is up; against it: it is still digesting the spike.
Price is under the 50-day average (0.4531). It is under the 200-day average (0.3780).
The last 5 days are down 5.7%, nearly every high lower than the one before.
Price is 32.5% under 0.5336, the top of the range it has built since the bounce, and 0.1% over 0.3596, the low of that range.
What kills the setup: a daily close under 0.3376, 6.6% away.
For it: RSI and OBV show a bullish divergence: price set a lower low that momentum did not confirm.
Against it: it is still digesting the spike; price is under the 50-day average (0.4531); the last 5 days are down 5.7%.
While ONDO holds over 0.3376 the setup stays bullish; 0.5336 is the next line it has to clear.
A 1D close above 0.5336 clears the top of the range; the next level up is 0.5793.
A 1D close below 0.3376 ends the ceiling worn down by repeated tests; no tested level below it on this chart — the next round number is 0.3000.
0.3596 is the floor — the low of the base.
0.5336 is where sellers keep showing up: it held 4 of 5 visits. It is also the 0.236 retracement of the chart's whole range.
On Sep 28 ONDO spiked to 0.6084, 88% over its 30-day low, on 2.3× normal volume; it has since traded between 0.3596 and 0.6084.
On the 1D chart, ONDO has traded between 0.3596 and 0.5336 since the bounce. Now at 0.3600, it sits at the floor of that range; the last daily close was 0.3645.
Sellers keep pressing — the daily tops have come down from 0.4359 to 0.4165, onto a floor near 0.3596; its highs keep falling — 0.4725, then 0.4359, then 0.4203 — pressing toward the 0.3596 floor.
The weekly picture: a recovery off the cycle low, 83% under the cycle high; on the daily, price is below the 200-day average (0.3780), and the 50-day average is above the 200-day average. The daily has no trend of its own.
Against BTC: over the last 5 daily candles ONDO moved -5.7% and BTC -1.2% — ONDO is the weaker chart.
The trend has been the buyers': the weekly chart is up. The indicators pull both ways: RSI and OBV show a bullish divergence — price set a lower low that momentum did not confirm; but price is under the average price buyers have paid since the 0.3053 low, 0.4207, so those buyers are losing money.
| Level | Price | From price | Role |
|---|---|---|---|
| Swing high | 0.6084 | +69.0% | swing, read |
| Swing high | 0.5793 | +60.9% | swing, read |
| Read ceiling | 0.5336 | +48.2% | read edge |
| Prior month high (not retested) | 0.5325 | +47.9% | calendar, eq liq |
| Swing high | 0.4531 | +25.8% | swing, read |
| Fib retracement | 0.3893 | +8.1% | fib |
| Fib retracement | 0.3816 | +6.0% | fib, swing |
| Swing high | 0.3780 | +5.4% | swing, read |
| Prior day high (not retested) | 0.3728 | +3.6% | calendar, swing |
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