When an asset breaks out of a prolonged consolidation period (such as 3 months) after a significant decline from its all-time high, it often signals a potential trend reversal and recovery, as demonstrated by Ondo's price movement from $2 to 20 cents and back above previous highs.
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Ondo's HUGE Breakout: 3-Month Consolidation Shattered! #shortsAjouté :
Other than that, yeah, Ando, amazing winner today. Great fundamentals, breaking out of a 3-month consolidation right here. So, really, you know, it's, you know, getting above all these highs right here, hesitated a bit, and then boom, just off to the races. And this is after it spent 500 days uh from its all-time high over $2, coming all the way down to 20 cents. And just right on time with the market and everything.
And this is also what bodes well with the overall market
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