ONDO trades at $0.792, holding its rising trendline as traders monitor a tight $0.750–$1.000 squeeze for a breakout or breakdown.
ONDO's chart shows a rising wedge and fading volume, with $1.000 resistance and $0.650 support defining the next major price shift.
Tensions from the Israel-Iran conflict may heighten ONDO volatility, as traders wait for confirmation to enter long or short setups.
ONDO is approaching a critical technical zone, trading just above its ascending support near $0.750 as traders eye a breakout past $1.000. With escalating Israel-Iran war tensions adding global uncertainty, the token’s next move could be shaped by both chart signals and rising geopolitical volatility.
Steep Rallies and Rejections Define ONDO’s Year-Long Trend
Starting from May 2024, ONDO staged a massive rally from $0.20 to a peak of $2.00 in September, a 10x increase. ONDO promptly reversed back hard to $0.80, basing ahead before attempting yet another breakout for $1.80 in early 2025. That failed to break the $2.00 resistance, and it moved gradually lower with lower highs and decreasing volume.
Source: CoinMarketCap
The last five months show ONDO trapped in a tight range, with trading volumes dropping notably across major exchanges per CoinMarketCap data. Despite this, multiple bounce attempts off the $0.750 ascending trendline suggest bulls are still defending key levels, albeit with decreasing strength.
Chart Structure Points to Critical Decision Zone
Recent price action suggests ONDO is at a breaking point. If price can hold above the $0.750 trendline, a run at $1.100 and potentially $1.550 could be forthcoming. But failure to maintain this support could lead to a vicious correction to the $0.650–$0.500 accumulation zone, where buyers have repeatedly stepped in.
According to market analyst insight, ONDO faces stiff resistance at $1.100, $1.550, and $2.100 levels that previously capped upward momentum. A recent rejection at $1.000 confirmed the market’s hesitation. ONDO must close above this threshold to trigger higher targets, with volume confirmation being essential.
Source: (X)
A detailed breakdown from TradingView charts shows ONDO trading within a rising wedge structure. Reduced participation indicates consolidation, but the red-circled interaction zone near the trendline hints at a potential breakout or breakdown event. The next few sessions could be critical in shaping short-term sentiment.
A notable behavior among traders is caution, with many watching for clean confirmations before positioning. Social chatter and rising wallet counts hint at quiet accumulation, though broader momentum remains lacking. This divergence adds to the indecision, fueling both hope and skepticism.
What to Watch as ONDO Approaches Breakout Levels As Israel-Iran Tensions Escalate
If ONDO is held above $0.750 and closes higher at $1.000, with volume, bull pressure can push on towards $1.550. Confirmation by leading candles and rising activity will be necessary for sustaining this advance. Geopolitical tensions, particularly increased Israel-Iran tensions, can act as a trigger for volatility, exaggerating price reactions around key levels.
Conversely, a close below $0.650 each day allows for further retracements down to $0.500, the next buffer level. Historical trends in 2024 are inclined towards the possibility of a further drive to the upside. That notwithstanding, this is a high-risk juncture. The market participants appear torn between themselves, with tensions all around hanging in the background, ready for an outright break before establishing longs on aggressive holdings.
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