ONDO: Bulls Defending a Critical Breakout ZoneONDO / TetherUSBINANCE:ONDOUSDTDukesMarketAnalysisBreakout Retest • ONDO has pulled back to retest the early May breakout zone just below $0.30, with previous resistance now acting as an important area of support. Trend Losing Momentum • Price continues to print lower highs, while the bullishly crossed 100/50-day EMAs are beginning to contract and slope lower, suggesting bullish momentum is fading. Volume Encouraging • Selling volume has declined as price has fallen back into support, indicating sellers are becoming less aggressive at current levels. $0.30 Is The Battleground • Holding above the $0.30 breakout zone keeps the bullish structure intact and leaves the door open for another move towards the recent highs. Loss Of Support Opens Lower Levels • A decisive break below $0.30 would weaken the technical picture and likely see ONDO revisit the next major support around $0.24. In Summary ONDO has returned to a critical technical area after retracing from its recent highs. Although the market structure has weakened with a series of lower highs and flattening 100/50-day EMAs, the declining selling volume into support offers some encouragement for the bulls. As long as the $0.30 breakout zone continues to hold, the broader bullish structure remains intact. A break below it would shift the technical advantage back to the bears.