Current Structure: Resistance Reclaim in Focus

$ONDO has reclaimed resistance at $0.3388 on the 4H timeframe and is now trading near $0.3397. This move breaks above a key technical ceiling that had constrained price action in recent sessions. The reclaim of this level confirms that sellers who anchored the zone have either been absorbed or stepped aside. Volume during the push through $0.3388 will be critical to assess whether the breakout has conviction or is a temporary overshoot into overhead supply.

The Path From $0.3388 to $0.3586

With $0.3388 now acting as support-turned-support (a behavioral flip from resistance to base), the next structural target sits at $0.3586. This $0.0198 interval represents the measured extension of the prior consolidation range. From a Fibonacci perspective, if traders map the swing low to the swing high of the prior corrective phase, $0.3586 aligns closely with a 1.618 or 2.0 extension level, depending on where the reference swing begins. Reaching $0.3586 would represent a 5.8% move from the current print of $0.3397 - a realistic intraday or multi-session target if momentum persists.

Below the current price, the $0.3388 level now functions as the immediate support floor. A close below $0.3388 on the 4H would negate the breakout thesis and potentially signal a retest down toward the prior consolidation base. Traders should monitor whether $0.3388 holds as dynamic support in the London or New York session; a failure here would suggest the resistance reclaim was a fakeout rather than a structural breakout.

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