$ONDO toward lower targets

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$ONDO toward lower targetsONDO / TetherUSBINANCE:ONDOUSDTcoinpediamarketsONDO looking bearish here after rejecting a key resistance zone around $0.423–$0.428 📉 Price pushed into the supply area multiple times but failed to reclaim higher levels, showing clear seller pressure. The recent sharp rejection from the local top confirms bears are still defending this zone aggressively. Current structure: • Lower high formation developing • Resistance holding strong near $0.428 • Momentum slowing after the recent impulsive move • Possible short setup if price fails to break above resistance Key levels to watch: 🔴 Resistance: $0.4233 – $0.4280 🟢 Target 1: $0.3978 🟢 Target 2: $0.3633 ❌ Invalidation / SL: $0.4383 The chart shows a classic rejection + retest setup where price taps back into the supply zone after a strong dump. If sellers maintain control here, continuation toward lower liquidity zones looks likely. Buyers still need a strong breakout above the marked resistance to shift momentum back bullish. Until then, this looks more like a relief bounce inside a bearish structure rather than a full reversal. Psychology-wise, this area looks like trapped late longs trying to defend entries while smart money distributes into strength. As long as ONDOUSDT stays below the highlighted resistance block, bears remain in control 🐻 Do you think ONDOUSDT breaks down toward the lower targets, or can bulls reclaim the zone? 👀