Expecting bounce from MA50 support zone

$ONDO l @Ondo Price dropped to retest the $0.34–0.35 zone, right at the daily MA50 (pink trendline), while daily Stoch RSI has reached oversold territory and RSI + MACD remain bearish. I expect a bounce off this zone. We’ll need to wait for price action in the coming days. However, if price fails to hold this $0.34–0.35 zone, the next support will be between $0.30–0.31 at the daily MA200 (yellow trendline) which is also at the daily demand zone.