Ondas Holdings Inc. Price Analysis Powered by AI

Momentum Surge Continues: ONDS Poised for Bullish Extension After Breakout

Long-Term Trend: Since late January 2025, ONDS experienced a steady and sharp downtrend from approximately $1.75 and even above $2.10, reaching a low near $0.65 in mid-March. This is a ~60% drop, punctuated by high-volume sell-offs and only brief consolidation periods.
Medium-Term Shift: From late March onward, a stabilization began around $0.65–$0.85, punctuated by spikes (such as in late March/early April) on large volume, followed by pullbacks that became progressively shallower.
Recent Reversal: Late May has been marked by a surge: The price rapidly advanced from $0.85 (May 16) to above $1.10 (May 28), with strong momentum and volume — $1.07 as of May 29—breaking several resistance levels.

Accumulation signals: Noticeable volume spikes on green candles, especially from May 15 onward, suggest accumulation by larger players. Volume sustained during the run to $1.10. There is little evidence of capitulation selling in the last week—instead, dips are getting bought quickly.

Immediate Support: $1.02–$1.04 (multiple bounces and consolidation, visible on May 28–29, intraday charts). If broken, secondary support in the $0.93–$0.95 range.
Immediate Resistance: $1.11–$1.14 (intraday highs on May 29 & previous closing highs). Further resistance at $1.25, but this is relatively far for a 24-hour horizon.

Bullish Breakout Candle: May 28–29 features strong green, wide-range candles with closes near highs—suggestive of follow-through buying power.
Micro Base Formation: Intraday dips (e.g. at $1.02–$1.04) hold above previous bases, indicating rising demand.
No reversal or exhaustion patterns at present: no dojis, shooting stars, or bearish engulfing seen in the last 2–3 sessions.

RSI (Estimated): Given price surged from $0.93 to $1.10+ in less than a week, RSI is likely 65–70, potentially slightly overbought but not extreme (e.g., not above 75). This supports possible continuation but warrants caution for late buyers.
MACD (Estimated): Bullish cross likely triggered recently, with the spread increasing, supporting momentum continuation.
ADX (Estimated): Directional strength should be high (>25), indicating a strong trend.

Short-Term MA (5–9 EMA): Price is trading consistently above ALL short-term moving averages—bullish alignment.
Medium-Term (20–50 EMA): The 20-day is now rising and will soon cross the 50-day upwards, confirming trend reversal from bearish to bullish.

ATR readings and price range: Intraday range expanded (from $1.02 to $1.11 over a few hours). High volatility often follows breakouts, but volatility is supportive of moves in the breakout direction.

Repeated buying just above $1.03 after sell attempts below were rejected swiftly. Indicates strong demand under $1.05. Sellers failing to establish new lows; buyers aggressive into minor intraday consolidations.

Failed breakdowns (mid-May) and rapid recovery above psychological levels ($1.00) fuel FOMO.
Current price action is attracting retail traders on momentum. Early shorts may be underwater, forcing covers if $1.14–1.15 breaks soon.

Fibonacci Retracement: Measuring from high ($2.10, Feb) to recent low ($0.65, mid-March), the $1.10–1.14 zone is a key 38.2% retrace level. Clearing this could open the 50% retrace near $1.36 (outside near-term horizon).
Elliott Wave Perspective: The surge since May 16 resembles a 3rd wave move (impulsive), with a possible shallow 4th wave pullback to ~$1.04 before a final 5th wave push to new rebound highs.
VWAP (Estimated): Today’s VWAP sits near $1.07–1.09, showing acceptance of higher prices—bullish for intraday positioning.

Short-term overextension risk: Price is up ~30% in 2 weeks; minor pullback cannot be dismissed, especially if broader market conditions deteriorate.
Stop-Loss Consideration: Conservative longs may want stops below $1.02 intraday support; aggressive traders may use $0.99 as a hard stop.

All technical signals align for bullish momentum continuation in the next 24 hours, with a high-probability push towards $1.13–$1.15 as a near-term target. Slight intraday dips to $1.04–1.06 are prime buy-the-dip opportunities.
No meaningful distribution or topping pattern—risk/reward favors long positions at market or on minor dips.

Buy (Long Position) favored, aiming to enter on pullbacks or consolidation, targeting $1.13–$1.14 (next resistance) for partial profit, managing risk below $1.02 support.
Optimal buy zone: $1.07 or slightly below, first target $1.13–$1.14.