<ul data-eligibleForWebStory="true"><li>ONDO is experiencing pressure with a 33% decline from its May highs, signaling uncertainty and bearish momentum in the market.</li><li>Analysts predict a potential breakdown for ONDO as it breaks out of an ascending channel to the downside, indicating weakening momentum.</li><li>Bulls struggle to hold ONDO's structure amid growing risks and failure to reclaim critical supply zones.</li><li>With ONDO trading below key moving averages and showing a consistent downtrend, there are concerns about further bearish momentum and a potential slide towards $0.29.</li></ul>

ONDO Breaks Out Of Ascending Channel – Analyst Sets $0.29 Target

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