Ondo poised for 15% breakout:

Ondo offers bullish signals on Tuesday after rebounding from support established at $0.85 on Monday. The Moving Average Convergence Divergence (MACD) indicator on the 4-hour chart backs the short-term bullish outlook, displaying a buy signal triggered earlier in the day.

Traders will increase exposure if the blue MACD line remains above the red signal line. A reversal in the Relative Strength Index (RSI) above the midline supports the increase in buying pressure. As the RSI rebounds toward overbought territory, confidence in the ONDO price recovery builds, increasing the chances of a bullish breakout.

A falling wedge pattern projects an approximately 15% breakout to $1.05 if confirmed. This is a bullish pattern that forms as the price of an asset consolidates in a downtrend.

The converging trendlines indicate that bearish pressure is fading as bulls prepare to take control.

Following a potential break above the upper trendline, traders would anticipate a surge in volume, which would support the bullish outcome. The 15% breakout target is determined by measuring the distance between the pattern's widest points, extrapolating above the breakout point.

Still, the presence of the 50-period Exponential Moving Average (EMA) at $0.91 could slow down the recovery. Traders must be cautious in the upcoming sessions, as they cannot rule out the possibility of an extended correction to Monday's support level at $0.85.
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