ONDO cryptocurrency is showing good signs of stability right now. The price has strong support levels that are holding firm. Looking closely at how the price is moving shows a potentially bullish setup that could lead to big gains if ONDO breaks through key resistance levels.
Price action suggests ONDO coin might be getting ready to move up after staying in one price range for a while. Recent price movements show buyers keep stepping in at important support zones, stopping the price from falling further.
Crypto analyst Cryptokartha recently shared a positive outlook on ONDO. He pointed to both technical and fundamental reasons for being optimistic about ONDO’s future. “Ondo is one of the solid crypto projects with a good team behind it. They are expanding Ondo Finance everyday,” Cryptokartha said in his recent market commentary.
What you'll learn 👉
Downtrend Channel Setting Up for ONDO Price Breakout
The ONDO price chart shows a clear falling wedge pattern that’s been in place since late December 2024. Through the first few months of 2025, the price has stayed between the upper and lower boundaries of this channel, creating a predictable trading range.
This pattern matters because falling wedges often come before bullish reversals, especially when the price starts consolidating near the pattern’s point. The squeezing of price action we’re seeing now suggests pressure is building that could lead to a decisive move.
The setup looks even more promising because ONDO has been testing the upper boundary of this channel recently. A confirmed breakout above this resistance would signal a potential trend change and could bring new buyers to the market.
Strong Support Zone Preventing Further ONDO Price Decline
One of the most encouraging things about ONDO’s current market position is the established support zone between $0.78 and $0.82. This price area has been tested multiple times during February and March, and again in early April, with buyers consistently stepping in to prevent further drops.
The repeated defense of this support level shows strong accumulation patterns and suggests many buyers are interested at these prices. Markets often respect such clearly defined support zones, and the fact that ONDO has bounced from this area multiple times strengthens the case for a potential reversal.
Recent price patterns near this support zone show signs of consolidation, potentially forming a double bottom pattern that would further confirm the strength of this support. As Cryptokartha points out, the chart is “looking bullish at least for midterm,” with these support levels playing a crucial role in that outlook.
Price Targets for ONDO If Resistance Breaks
If ONDO successfully breaks above the falling wedge pattern, several reasonable price targets emerge. The first resistance would be around the $0.90-$1.00 level, which has been a significant barrier in previous attempts.
Beyond that, Cryptokartha has set a midterm target range of “$1.50-$2.00” for ONDO price, which matches previous high points observed in January and February 2025. These levels represent natural resistance zones where profit-taking might occur.
“My midterm would be around 1.50-2.00$, still I will wait for breakout,” Cryptokartha cautiously notes, emphasizing the importance of confirmation before taking action. This disciplined approach shows understanding that while the setup looks promising, waiting for the actual breakout reduces risk significantly.
Read Also: ONDO vs. Onyxcoin (XCN): Which Crypto Is Better to Hold in 2025?
Fundamental Factors Supporting ONDO Technical Analysis
The bullish technical setup for ONDO coin is made stronger by positive fundamental developments. The project has been expanding its operations at Ondo Finance, particularly in the tokenized real-world assets sector, which has been getting a lot of attention in the broader cryptocurrency world.
According to Cryptokartha, the strength of the team behind ONDO and their consistent expansion efforts add to the positive outlook. These fundamental factors, combined with the technical setup, create a convincing case for ONDO’s potential upside.
However, smart investors should note that confirmation of the breakout is crucial. While support is holding and the pattern looks promising, waiting for a clear move above resistance before buying remains the safest approach. As always in cryptocurrency markets, proper risk management should be the priority no matter how promising the setup looks.
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