Ondas Holdings ($ONDS) is currently consolidating within a defined range, trapped between key technical levels. The 618 Fibonacci retracement sits at $9.12, while the 50% retracement level holds at $8.32. This consolidation pattern suggests market participants are gathering strength before the next directional move.
What's notable here is the formation of higher lows, a bullish signal indicating underlying buying pressure. The immediate resistance zone emerges near $10—a critical level to watch. A decisive break above this threshold could signal the beginning of a more sustained advance. Until then, traders should monitor these support levels closely as they define the consolidation range.
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RektDetective
· 6h ago
Uh, what is this broken chart talking about with the highs and lows... Can it fly just because it breaks 10 bucks? Sounds nice, but we still have to wait.
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ZeroRushCaptain
· 6h ago
It's that Fibonacci theology again. I believed in it this way last time, and now the account balance is as low as $8.32.
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OnchainHolmes
· 6h ago
Looking at this consolidation, it feels like the real point of interest is at $10. Only by breaking through can we know how it will move afterward.
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AirdropHunter9000
· 6h ago
If you can't break the $10 level, don't expect it. Let's wait and see.
ONDS Technical Setup: Consolidation Phase Ahead
Ondas Holdings ($ONDS) is currently consolidating within a defined range, trapped between key technical levels. The 618 Fibonacci retracement sits at $9.12, while the 50% retracement level holds at $8.32. This consolidation pattern suggests market participants are gathering strength before the next directional move.
What's notable here is the formation of higher lows, a bullish signal indicating underlying buying pressure. The immediate resistance zone emerges near $10—a critical level to watch. A decisive break above this threshold could signal the beginning of a more sustained advance. Until then, traders should monitor these support levels closely as they define the consolidation range.