ONDO consolidates above key Fibonacci and VWAP supports, setting the stage for a potential breakout toward the $3 target range.
Technical indicators show strong bullish alignment as ONDO maintains upward trendlines and accumulation zones from early 2024.
Volume and market structure support ONDO's recovery potential, with resistance at $0.895 acting as a launchpad for higher targets.
ONDO has shown renewed bullish signals as recent technical indicators align with previous reversal forecasts. Currently trading at $0.8185, the asset continues to hover above critical Fibonacci support. InvestingHaven reports that ONDO reclaimed a rising trendline and cleared the 38.2% Fibonacci retracement, suggesting underlying strength. Volume reached 68.75M, reflecting heightened market activity.
Although price action dipped recently, the chart displays strong structural support between $0.687 and $0.895. This zone could serve as a springboard for bullish momentum into 2025 and beyond. Furthermore, the green ascending trendline from early 2024 remains intact, reinforcing a bullish framework.
Technical Structure Shows Clear Recovery Potential
Besides the Fibonacci levels, ONDO maintains position within a defined trading range. The asset currently consolidates above the lower support near $0.687. Additionally, a descending trendline from December 2024 connects previous highs, creating a channel for possible breakout. Price reached highs above $1.80 before retreating. Since then, it found support, stabilized, and formed consolidation patterns. Consequently, analysts suggest the current price structure supports future recovery.
Source: InvestingHaven
Moreover, volume patterns align with major movements. Higher volume follows impulsive price action, while lower volume defines consolidation. Current volume suggests accumulation. The 25% Fibonacci level at $0.895 is the immediate resistance. A break above this level may indicate strong bullish intent. Price targets between $1.90 and $3.30 remain realistic based on previous rallies.
VWAP Structure Supports Bullish Scenario
Solberg Invest highlights a broader macro view featuring three key accumulation phases. Each phase led to massive upward swings. The first in early 2024 drove price toward $1.40. The second between May and July resulted in a push toward $2.00. Currently, the third phase is underway, with price consolidating above VWAP support near $0.85.
Hence, this setup mirrors past accumulation cycles. Orange arrows outline probable movements toward the $3 target. Moreover, the ascending VWAP from early 2024 continues to offer support. Market structure remains bullish with clear accumulation patterns in place.
Source: Solberg Invest
Additionally, the asset respects trendline and VWAP support zones. If ONDO breaks the $0.895 barrier, a rally toward $3 becomes likely. Momentum and volume trends support this outlook. Therefore, ONDO continues to flash strong bullish potential heading into late 2025.
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