ONDO’s Not-So-Secret Journey: Bulls, Double Bottoms & a Dash of Wilde 😏

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Ah, ONDO — the cryptocurrency darling teetering on the edge of chaos, hovering above POC like a feline insouciant on a velvet cushion, as bullish bulls defend their double bottom fortress. 🐂💼

Though our dear ONDO has been thrust into a corrective lull, the chart whispers sweet nothings about an enduring bullish spirit. Currently, it’s delicately testing a confluence zone—like an elegant flâneur pausing at a café before striding blithely into the sunrise of a possible ascent. ☕✨

  • Rejected miserably from $1.19, our star now sashays towards the humble support at $0.83—like a debutante retreating from the ballroom.
  • It’s a potential double bottom—more romantic than a Wilde sonnet—where $1.19 is the neckline and $0.67 the quiet confidence support.
  • The correction? Just a flamboyant act—unless, of course, price dares to tumble beneath $0.67, then things get interesting (or tragic).

The recent rejection at $1.19 was the market’s way of throwing a porcelain cup—delicate but ominous—leading to a temporary dip in our protagonist’s valor. As of Saturday, she was strolling at $0.87, still holding her poise above the commanding point of control at $0.83, which now wears the crown of support—a lovely confluence of Fibonacci sweetness and structural grace. 🍭📉

Technically splendid points to ponder:

  • POC at $0.83: the steadfast anchor, aligning with Fibonacci’s favorite retracement—like a well-dressed dandy at the ball.
  • Double Bottom Potential: A promising flirtation, promising to turn into a committed relationship if $0.67 endures life’s little shocks.
  • Bullish Correction: The market’s equivalent of Wilde’s gonfalon—an elegant detour, a momentary pause in an otherwise upward waltz.

The departure from the valiant $1.19 was the first twinge of weakness—a flirtation with disaster that the bulls are valiantly fending off. Now, with eyes on the $0.83 support, support backed by Fibonacci’s siren call, there’s a whisper of hope—a potential for a grand reversal, perhaps even a dance to higher resistance at $1.56, should fortune favor us. 🍸

From a structural perspective, ONDO’s tale stays comfortably within the ballroom of the bullish—double bottom emerging like a witty line in a Wilde play, provided she stays above that low at $0.67. A bounce from $0.83 would suggest demand’s return, a veritable ticket to the crescendo of $1.19, converting the neckline into a triumphant victory lap.

Should volume support the endeavor, a breakout would mark the dawn of a new act—an escape from the cage of resistance into the open air of higher territories. Yet, even if it pauses, the overarching story remains upward, a natural crescendo rather than a tragic coda. 🎭

What to expect, then? 🤔

Our dear ONDO, striding toward $0.83—the pivotal support—awaits her cue. Stay firm, and she might burst beyond $1.19, giving Wilde a new hero to praise. Fail, and the scene shifts to $0.67—still bearable in this grand performance, for the story remains mostly bullish unless that support crumbles to dust.

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2025-08-02 20:11