OnDO Price Struggles as Triangle Formation Fails to Break

OnDO's price is currently facing selling pressure due to its failure to break above the upper boundary of its triangle formation, causing it to drop lower. This has raised concerns that the token may be entering a deeper correction phase.

Crypto analyst LAR believes this pullback could be an opportunity for investors to accumulate OnDO, as weak hands may be shaken out before the token resumes its upward move towards $0.90.

However, several technical barriers need to be overcome before OnDO can reach its target price, and short-term momentum has weakened with the price now approaching the lower Bollinger Band near $0.33536.