ONDO Finance: Will Tight Consolidation Lead to a Breakout Above $1.00?

  • ONDO reclaims $1 after bouncing off $0.92 support, holding structure amid rising 4H RSI and MACD recovery.

  • Resistance between $1.70–$1.85 remains a major hurdle before ONDO eyes the $2.30 and $3.00 zones.

  • Breakout from falling wedge on HTF confirmed, with retest strengthening mid-term bullish structure since July.


ONDO's recent price action signals strength after a successful breakout and bullish retest. Price consolidates above $1.00 with momentum building for a potential larger move.

ONDO Maintains Structure Above $1 After Bullish Retest

The ONDO/USDT pair is currently trading at $1.02 on Binance. This move follows a key recovery from the $0.92 level, which marked a local bottom earlier in August. According to data from TradingView shared on X by  Alpha Crypto Signal, ONDO previously broke out of a long-term descending wedge that had held since November 2024.

https://twitter.com/alphacryptosign/status/1955231228833173941

In July, price broke above the wedge's resistance and pulled back to retest the trendline. This retest held firm, sparking a fresh upward move. The 4-hour RSI now reads 52.86 while MACD shows a narrowing bearish gap, reflecting a shift toward bullish pressure.

Volume on the recent 4-hour candle reached 6.6 million, pointing to increasing market interest. ONDO currently trades above its 9-day EMA. This moving average alignment supports bullish continuation.

Key Resistance Zones Ahead: $1.85 and Beyond

ONDO faces heavy resistance between $1.70 and $1.85, a zone that previously rejected bullish attempts in late 2024. The breakout structure points toward a higher price target of $3, as noted by Solberg Invest.

A projected path shows a move toward $2.30, followed by a short pullback, then a breakout to $3. This pattern follows a breakout-retest-continuation model seen on the daily chart. Previous rejection around $1.10 confirmed the channel's resistance, which remains intact for now.

Momentum Builds as ONDO Holds Above Mid-Range Support

Price continues to hold near the midline of a long-term descending channel, Alpha Crypto Signal added. Since February, ONDO has respected both the channel support and resistance.

The higher low formed in August compared to July signals potential accumulation. If ONDO maintains structure above $1, further tests of $1.10 and $1.85 may follow. No signs of sharp rejection are visible yet as the broader crypto market shows slight recovery, possibly aiding sentiment around altcoins like ONDO.

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