ONDO breaks trendline with volume surge as price nears the $1.10 resistance zone.
RSI and Stochastic signals confirm growing strength in ONDO’s bullish momentum.
Analysts see the next ONDO targets at $1.17 and $1.30 after reclaiming the $0.912 level.
Ondo Finance (ONDO) is showing bullish continuation indicators as the price approaches significant resistance at $1.10. Increasing trading volume and improving technical indicators indicate mounting momentum and revived investor interest in the asset.
Bullish Structure Forms Amid Breakout Confirmation
ONDO’s recent price behavior reflects a shift from consolidation into trend expansion, with multiple bullish signals supporting the move. Rising volume, RSI strength, and momentum oscillators support this directional bias. Analysts now focus on the resistance structure to gauge potential upside continuation.
Following a decisive trendline breakout, analyst Sarosh has provided additional insights into ONDO’s ongoing rally. According to him, ONDO’s climb is backed by sustained participation and narrative strength, not short-term hype. He noted that $1.10 is the first meaningful resistance, followed by targets at $1.35, $1.50, and $1.96. These levels align with prior rejection zones and represent psychological thresholds in ONDO’s price map.
Source: Sarosh
Sarosh observed strong volume on the breakout candle, with over 11 million units traded during the session. This surge exceeded previous averages, indicating active market interest. The RSI registered at 60.31, reflecting bullish strength while staying below overbought thresholds. A crossover in the Stochastic Oscillator was noted, with both lines rising above the 80 level. This signal suggests potential continuation toward higher resistance, provided the price holds steady.
The asset recently cleared a descending trendline stretching from February, a critical structure that suppressed upside attempts. This breakout confirmed a reversal of the prior bearish phase. His analysis further identified the 200-day moving average around $1.108 as a possible cap before further gains.
New Recovery Phase Supported by Momentum Signals
Dark Knight has presented a comparative analysis, examining ONDO’s transition from a prolonged downtrend to renewed bullish action. His evaluation builds on volume analysis, moving average positioning, and Fibonacci retracement levels to outline price dynamics.
Source: Dark Knight
He pointed out ONDO’s recovery from a $0.43 low and the break above its 50-day SMA at $0.857. The bullish MACD crossover confirmed this momentum, with the MACD line moving clearly above its signal counterpart. He cited $0.912 as a key resistance now under test, with further upside aiming for $1.17 and $1.30.
Dark Knight’s chart also mapped the 0.618 and 0.5 Fibonacci levels at $1.17 and $1.30, respectively. These zones reflect historical turning points and align with price structure clusters. The final resistance on his chart stood at $1.77, marking a full cycle if the rally extends.