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ONDO price corrects toward $0.28-$0.32 zone after $0.47 resistance, testing key support for potential reversal.

Technical Signals
16 May 2026
AMBCrypto
View Source
Neutral
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ONDO's price is undergoing a controlled correction after failing to break the $0.47 resistance, now moving toward the critical $0.28-$0.32 Fibonacci golden zone. This zone is a key decision point where the price may find support and reverse or continue declining. Despite the pullback, ONDO remains above important EMA supports, indicating the broader trend is still intact. Increased market activity suggests active repositioning, raising the chance of a deeper correction before a potential rebound. A liquidity cluster near $0.45 could become a target if buyers defend the golden zone and trigger a reversal, making this a pivotal moment for ONDO's next move.

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