ONDO Price Prediction: This Breakout Pattern Could Send ONDO to $0.85 Next

ONDO2,04%

ONDO has quietly stayed on traders’ radars even through a pretty rough stretch for altcoins. After months of selling pressure, the price is finally starting to calm down near a major support area, and the chart is beginning to look a lot more interesting again.

The ONDO price hasn’t gone on a serious run yet, but the structure is tightening up in a way that usually comes right before a bigger move.

  • The ONDO Price Is Getting Squeezed Inside a Falling Wedge
  • Resistance Is the Wall ONDO Has to Break
  • ONDO Price Outlook From Here

The ONDO Price Is Getting Squeezed Inside a Falling Wedge

On the daily chart shared by Jonathan Carter, the ONDO price has been trading inside a falling wedge for quite a while now. This pattern shows up when price keeps pushing lower, but each move down gets smaller and smaller.

That’s exactly what’s happening here. Sellers have been in control, but they’re losing momentum, and the range is compressing into a tighter channel. Now ONDO is pressing up against the upper edge of that wedge, which is usually the point where things start to heat up.

Source: X/@JohncyCrypto

These setups don’t stay quiet forever, once price runs out of space, volatility tends to come back fast. Support has also been holding strong around the $0.22–$0.25 zone, and buyers keep stepping in there.

Resistance Is the Wall ONDO Has to Break

The big level to watch now is wedge resistance just under $0.30. The ONDO price has been grinding right below it, and this is basically the make-or-break area. If bulls can finally push through, the chart opens up quickly.

The first upside levels traders are eyeing sit around $0.35 and $0.46, which match previous reaction zones. And if momentum really comes back, the bigger targets in the setup stretch toward $0.59, $0.69, and even $0.85.

Of course, nothing is guaranteed. If the ONDO price fails to break out and gets slapped back down, support becomes the key level all over again.

That $0.22 floor is doing a lot of heavy lifting right now. If it breaks, the wedge setup falls apart, and price could slide into another weak leg lower. That’s why this zone matters so much, ONDO is sitting right at a turning point.

Here’s the (Ondo) ONDO Price If Tokenized Stocks Just Become DeFi’s Next Big Collateral Boom_**

ONDO Price Outlook From Here

At the moment, the ONDO price is stuck in a classic squeeze. Support is holding, resistance is tightening, and the wedge is almost complete. That combination usually leads to a sharp move once the market finally chooses a direction.

If ONDO breaks above the wedge, upside targets show up fast. If it doesn’t, traders will be watching support closely for the next reset. Either way, ONDO isn’t drifting anymore, it’s setting up for a real decision move.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Is the XRP Bottom Finally Here? 3 Massive Bullish Signals You Need to See

Although in a more modest manner, XRP whales have returned to the scene, amassing more tokens over the past week, which is categorized as the first bullish sign for the underlying asset. Another could come in the form of the technical tool used to determine whether that asset’s move in either

CryptoPotato34m ago

Bitcoin’s Most Dangerous Pattern Just Triggered: Will BTC Dump to $26K Next?

Although bitcoin has already dumped by over 50% from its all-time high of over $126,000 marked in October to a multi-year low of $60,000, the asset’s troubles might not be over, warned Merlijn The Trader. The popular analyst indicated that the “most dangerous bitcoin pattern just completed phase

CryptoPotato42m ago

Ethereum (ETH) on the Edge: Critical Level Stands Between New Bull Run and a Major Crash

While the second-largest cryptocurrency has registered a significant rebound over the past month, it remains at risk of plummeting to drastically low levels during this cycle. On the other hand, some important indicators suggest that the worst might be over and the price could be gearing up for a m

CryptoPotato1h ago

Solana Price at $80 and Maxis Are Nowhere to Be Found – Analyst Says That Tells You Everything

Solana is down to $82 on the weekly chart. From the highs near $250, that’s a 77% drop. Crypto Patel asks “Where Are All The Solana Maxis Now?.” They told their followers to buy above $250, and screamed “to the moon” at the all-time high. Now the price is $80, and they’re silent. Not a single t

CaptainAltcoin1h ago

Here’s Why SIREN Price Exploded 115% Today

SIREN's price surged 115% in a day, driven by a volume spike, yet on-chain data reveals a concentration of supply controlled by a few wallets. This raises concerns about volatility and potential price fluctuations moving forward.

CaptainAltcoin2h ago

Bittensor (TAO) Is Up 140% in 6 Weeks, But Data Shows Retail Is Missing the Big AI Rally

Bittensor has recorded a 140% price increase over the past six weeks, including a 105% rise since March 8. The latest price action has pushed it to the 26th-largest cryptocurrency by market capitalization, according to new data from Santiment. AI Tokens Heat Up ----------------- The rally comes a

CryptoPotato2h ago
Comment
0/400
No comments