ONDO drops 12% today, breaks crucial structure– can the $0.80 support hold?

ONDO cost has actually dropped 12% this week, breaking its uptrend structure with a lower high and then a deep lower low. Can the crucial $0.80 support level stop further breakdown? Ondo Financing (ONDO) price has actually recently broken its uptrend structure, …

ONDO rate has dropped 12% this week, breaking its uptrend structure with a lower high and then a deep lower low. Ondo Financing (ONDO) cost has recently broken its uptrend structure, forming a lower high and then breaking below the lower trendline of an ascending widening wedge pattern, resulting in a lower low at $0.78. On the downside, a breakdown below the crucial assistance at $0.80 might potentially send ONDO towards the next major support around $0.70.

ONDO price has dropped 12% this week, breaking its uptrend structure with a lower high and then a deep lower low. Ondo Financing (ONDO) rate has recently broken its uptrend structure, forming a lower high and then breaking below the lower trendline of an ascending expanding wedge pattern, resulting in a lower low at $0.78. On the downside, a breakdown below the key support at $0.80 might possibly send ONDO toward the next major assistance around $0.70.

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Sam Boolman is a contributing writer at ChainIntel.org with a long-standing interest in cryptocurrency, blockchain technology, and emerging financial trends. A self-directed trader who actively invests his own capital, Sam follows the markets closely and brings a hands-on perspective to the fast-paced world of crypto journalism. With a background in business and digital media, Sam has written across a variety of sectors including tech, startups, and online finance. His curiosity and enthusiasm for the evolving digital economy fuel his exploration of Web3, decentralised finance, and market developments. Sam is passionate about making complex topics more accessible to everyday readers and continues to expand his knowledge through research, trading experience, and industry engagement.

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