$ONDO has reclaimed the $1 mark after bouncing from $0.92 support, signaling renewed strength following a confirmed breakout from a long-term falling wedge pattern. The breakout, first seen in July, was followed by a successful retest of the wedge’s trendline, setting the stage for further upside.
Currently trading at $1.02 on Binance, $ONDO is supported by improving momentum indicators — the 4-hour RSI stands at 52.86, while the MACD shows a narrowing bearish gap, suggesting a shift toward bullish pressure. Trading volume on the latest 4-hour candle hit 6.6 million, and the price remains above its 9-day EMA, reinforcing the bullish setup.
Key resistance lies between $1.70 and $1.85, a zone that rejected price advances in late 2024. If broken, analysts project potential targets at $2.30 and $3.00, following a
breakout–retest–continuation pattern seen on the daily chart.
Structurally, $ONDO is holding above mid-range support within its long-term descending channel, with August’s higher low compared to July hinting at accumulation. As long as the price stays above $1, further attempts at $1.10 and a challenge of $1.85 appear likely, especially if broader crypto market sentiment continues to recover.