ONDO Hits Fibonacci Ceiling. The Institutions Didn’t Get the Memo.
The post ONDO Hits Fibonacci Ceiling. The Institutions Didn’t Get the Memo. appeared on BitcoinEthereumNews.com. ONDO sits at a critical Fibonacci zone as wave 4 resistance meets a surge of institutional RWA deals. Bull case or deeper pullback? Here is what the chart says. ONDO is trading around $0.42, wedged between two stories that do not quite agree with each other. The chart tells one version. The institutional partnership log tells another. The Chart Is Not Done Talking According to moretradingonl on X, ONDO has so far followed the preferred interpretation for a corrective rally in wave 4. The analyst noted that a decisive break above $0.598 would improve the outlook and open the door to more bullish interpretations. At the moment, the token is testing standard resistance for a wave 4 bounce. The 4-hour chart shows the current price action sitting inside a yellow resistance box between $0.37792 and $0.41519. That zone corresponds to the 38.2% and 23.6% Fibonacci retracement levels