Structural Breakout Above $0.3460

$ONDO reclaimed its nearest resistance level at $0.3460 on the 4-hour timeframe, closing above that threshold and pushing to $0.3471. This breakout is significant because resistance that holds multiple times tends to act as a pivot point once breached decisively. The move reflects buying interest strong enough to overcome prior rejection levels, though volume context and wider chart structure will determine sustainability.

Next Resistance: $0.3576

The next structural ceiling sits at $0.3576, representing a 3.1% rally from current levels. This level likely represents a previous swing high, a Fibonacci extension, or a confluence zone on the daily or weekly chart. Price reaching this level would suggest bulls have momentum through the session, but momentum alone does not guarantee a break. Watch whether volume expands on the move toward $0.3576 - thin volume rallies often reverse sharply at resistance.

Support Structure and Fibonacci Context

With $0.3460 now acting as broken resistance, it should provide support on pullbacks. A retest of $0.3460 would confirm it as a floor; a clean close below it would invalidate the breakout and signal weakness back toward lower support (likely the prior swing low). Fibonacci ratios tied to the most recent swing (if available from lower timeframe data) could reveal intermediate targets or invalidation levels. Many traders use 61.8% retracement of the most recent upswing or the 38.2% level of a potential decline from $0.3576 to identify where profit-taking may cluster.

RSI and Momentum Signals

On higher timeframes, check whether RSI has broken above the 50 midpoint - this would confirm buying momentum. MACD histogram turning positive and the MACD line crossing above the signal line would add conviction to the structural breakout. Conversely, if RSI is already overbought (above 70) on the 4-hour, the risk of pullback into $0.3460 increases. Price action should be weighed against oscillator divergence: if price makes a new high but RSI does not, a bearish divergence is forming and may precede a reversal.

Broader Sentiment Context