Ondo Finance (ONDO) Bullish Structure Still Intact – What Happens Next?

本站添加: 2026-06-05

[00:00:01]Hello everyone, this is Shah, and we are back with another Ondo update because Ondo is one of the few altcoins that has managed to hold its structure despite the recent volatility across the crypto market, and after 4 days, the chart is still sitting almost exactly where we left it.

[00:00:19]Ondo is currently trading around 0.364.

[00:00:24]In the last update, we highlighted the key support zone at 0.364 and explained that as long as this level continued to hold, the bullish scenario would remain valid, and a bounce could develop from the area.

[00:00:37]Since then, the market environment has been anything but easy.

[00:00:41]Bitcoin spent most of the weekend moving slowly with very low volatility, which prevented many altcoins from building momentum.

[00:00:48]Then on Monday, Bitcoin experienced a sharp sell-off that put pressure on the entire market.

[00:00:55]Because of that, Ondo never really got the opportunity to produce the bounce we were expecting. However, the important thing is that the structure has not broken. If we look closely at the daily timeframe, Ondo has already shown us an interesting pattern.

[00:01:10]Price initially closed one daily candle below the support zone, which looked like a potential breakdown, but the very next daily candle reclaimed the level and closed back above support.

[00:01:23]Then the market repeated a similar pattern again.

[00:01:27]This tells us something important.

[00:01:29]The breakdown attempts are not receiving confirmation, and as traders, we follow confirmed closes, not temporary moves below support. That means the bullish case remains valid for now. Despite Bitcoin's weakness and the broader market pressure, Ondo continues defending the same support area that we marked several days ago. As long as the 0.364 support holds, the direction remains upside.

[00:01:57]The next major target sits around 0.41.

[00:02:02]This area is important because it contains a bearish order block and also lines up with the major downtrend line interaction point.

[00:02:12]That means if buyers can build momentum from support, 0.41 becomes the next major test for the market. It is likely the area where we will see the strongest reaction from sellers.

[00:02:26]So, the structure right now is very simple. Ondo is still holding the key support. Multiple breakdown attempts have failed to gain confirmation. The bullish setup remains active. And as long as price continues defending 0.364 the direction remains upside towards 0.41.

[00:02:45]Right now, Ondo is showing resilience compared to many other altcoins and the next reaction from support will determine whether buyers can finally generate the bounce that has been building over the past few days.

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