ONDO/USDT has reclaimed the $0.40 level, flipping its daily market structure to bullish after a prolonged basing period. The token bottomed around $0.31 in June and has since rallied over 25%, now trading near $0.404. However, the one-hour chart shows a bearish change of character, with lower highs forming from $0.421 down to $0.404, casting doubt on the immediate continuation of the uptrend.
On the daily timeframe, ONDO carved a higher low near $0.31-0.32 after a brutal decline from its May high of $0.49. The break above $0.40 signals a potential trend reversal, but the next major supply zone lies between $0.44 and $0.465, which capped every bounce in June. The four-hour chart confirms a sequence of higher lows, with support building around $0.343-0.362. This zone now serves as a key level for bulls to defend if a deeper pullback occurs.
The hourly chart complicates the outlook, as the token peaked at $0.421 and has since printed lower highs. The retest zone between $0.393 and $0.407 is critical: holding it would keep the short-term bullish structure intact, while a breakdown could push price back toward $0.345. Bitcoin's own rally has faced skepticism, and altcoins often react to such hesitation. The next few candles will likely determine whether the daily bullishness holds or the hourly bearishness prevails.
