ONDO’s price is supported by a strong ascending trendline confirming ongoing buying interest.
Price consolidations near trendline support suggest accumulation before possible upward moves.
Resistance levels at $1.41 $1.78 and $2.10 are critical for confirming bullish momentum.
The ONDO/USDT chart shows a strong ascending trendline supporting bullish momentum. This technical structure indicates a series of higher lows, which points to a bullish formation. Market behavior displays consolidation phases followed by upward movements near the trendline, signaling accumulation. These price actions confirm buyers are stepping in around key support levels.
Source: X
The key resistance levels to watch if bullish continuation holds are $1.4189, $1.7850, and $2.1034. The price is currently around $0.9639, just above the ascending trendline, suggesting potential for further upside. Traders and analysts monitor these price targets closely for signs of breakout or rejection. The setup indicates a probable price rise toward these resistance points in the near term.
Ascending Trendline Support Signals Strength
The ONDO token exhibits a strong ascending trendline that has been consistently respected since mid-2024. This trendline acts as a support level where buyers enter, preventing price drops below this line. The higher lows formation confirms bullish sentiment, indicating increasing buying interest at successive dips.
This pattern shows that market participants are accumulating ONDO tokens, consolidating gains before pushing prices higher. The repeated tests of this trendline without a breakdown validate its strength. Such trendline behavior is often a precursor to substantial price advances.
Price consolidations near this support level suggest that sellers lack conviction to push the price lower. Instead, buyers defend this line, which creates a base for potential bullish runs. As a result, the market is poised for a possible breakout toward higher price levels if this support holds.
Market Behavior and Consolidation Patterns
Recent ONDO price movements reveal a series of consolidations paired with rising lows. This behavior reflects cautious accumulation by traders and investors. The consolidations act as resting points where the market digests prior gains before continuing upward.
These consolidation phases reduce volatility, providing stability that attracts further buying interest. The gradual increase in lows during this period confirms steady demand. Market participants view this as a sign of strength rather than weakness.
This accumulation near support prepares the market for an upward surge. The cautious trading seen in recent weeks signals readiness to test resistance levels ahead. Such behavior often precedes bullish breakouts when momentum returns.
Critical Resistance Levels to Monitor
ONDO price targets of $1.4189, $1.7850, and $2.1034 are key resistance points traders will watch closely. Breaking through these levels would confirm bullish momentum and open the path for further gains. Each level represents a psychological and technical barrier.
The $1.4189 level is the first significant resistance. A break here could trigger additional buying interest. Above this, $1.7850 acts as the next hurdle, testing the strength of the rally. Surpassing this level would signal strong market confidence.
