ONDO's symmetrical triangle signals bullish potential, with tight consolidation above $0.95 and resistance at $2.32 forming a breakout zone.
Institutional interest reinforces technical strength, as compressed price action aligns with on-chain bullish signals and rising RWA adoption.
Weekly breakout flips resistance to support; if ONDO closes above $1.00, potential targets include $1.20 and $2.00, per trendline validation.
Ondo Finance (ONDO) shows strong bullish compression near key resistance as institutions increase exposure. Price action reflects technical strength aligned with broader tokenization trends and real-world asset (RWA) adoption.
Technical Triangles Signal Bullish Price Expansion
https://twitter.com/CryptoWinkle/status/1926993632596246943
As we can see from the post above, one bullish analyst, Crypto Winkle, has presented a detailed analysis of ONDO’s chart. A symmetrical triangle pattern has formed just above the 50-day EMA at $0.94171. The current price of $0.95164 highlights support strength and tight-range consolidation.
Compression continues between $2.32 resistance and $0.49821 support, forming a technical squeeze zone. Market participants are defending $0.95, with short-term higher lows marking accumulation. The triangle’s upper resistance shows increased candle testing and diminishing volatility.
According to Crypto Winkle, volume spikes from prior rallies point to breakout zones near $1.60. Breakout extension targets range from $2.60 to $7.00, based on historical momentum. The alignment of 20, 50, 100, and 200-day EMAs adds structural depth and clarity.
What strengthens the case further is the repeated defense of support levels below the current price. There’s also consistent price interaction with converging trendlines, marking compression ahead of volatility. With on-chain signals turning bullish, technicals align with rising investor confidence.
The structure closely resembles continuation setups often observed before directional expansions. Combined with fundamentals, the current formation carries weight in short- and mid-term strategies. Institutions appear active within this consolidation range, reinforcing confidence in the zone.
Weekly Breakout Adds Momentum to Price Structure
In contrast to the daily chart, the weekly timeframe reveals an even clearer breakout confirmation. Another bullish analyst, Kyren, has provided insights on long-term support and structural validation. Two intersecting trendlines—ascending and descending—formed a symmetrical triangle now broken to the upside.
This breakout flipped resistance into support and signaled growing buyer pressure. Tight-bodied candles and reduced lower wicks now dominate the post-breakout area. Volume activity increased near the apex, highlighting expanding interest during the shift.
What adds to the bullish narrative is the alignment of price structure with the March 2024 trendline. Price remains elevated above it, reinforcing the continuation framework. If ONDO closes above $1.00, a move toward $1.20 and $2.00 remains possible.
The post Ondo Finance Tests $0.95 Support: Bullish Signals Align for Breakout to $2.60 appears on Coin Futura. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
