The analysis suggests that the ONDO chart might be setting up a 1-2 pattern, but the analyst isn't entirely sure about the microstructures. The upward movement appears to be in three waves, which is related to the overall market sentiment. Due to the current crypto cycle not being as hyped as previous ones, many coins are moving in three-wave structures, requiring traders to work with levels and ranges. Support levels to watch are at 0.84646, 0.79256, and 0.71188. The video points to a possible five-wave move down. The video does not rule out one more low; the upper range boundary is around $1.12.