ONDO is drawing attention across the trading community after its recent price action positioned it near a key breakout zone. The ONDO/USDT pair has been consolidating within a defined structure, showing signs of potential bullish continuation.
A tweet by crypto analyst CryptoED described the setup as an “obvious” sign of an upcoming move, which will place a projected price target at $3. The tweet amplified interest, suggesting a bullish leg could soon unfold.
As of the time of analysis, ONDO price was trading at approximately $0.7672, which shows a 3.45% daily gain with a very tight buy/sell spread. This reflects stable liquidity and growing market participation.
What you'll learn 👉
ONDO Price Behavior and Support Zones
The ONDO daily chart reveals the token holding above a long-standing support range between $0.68 and $0.70. This zone has seen repeated price interaction, with multiple candle wicks confirming buyer interest.
A secondary support level, visible around $0.50, remains untested but stands as the last defense against extended downside pressure.
Price action over the past few months has largely respected this lower range, also forming what appears to be a rounded accumulation pattern. A gradually ascending trendline also supports this structure from below, indicating steady higher lows.
This formation places ONDO price in a potential breakout wedge, with the current price pressing against a long-term descending resistance.
ONDO Price Analysis: Resistance Zones and Breakout Levels
The immediate resistance lies around $0.77 to $0.78, aligned with a descending trendline that has rejected several bullish attempts since the all-time high.
For ONDO price to confirm a breakout, traders are closely watching the $0.80 to $0.85 range. A close above this zone on volume could indicate a shift in market structure.
Beyond this range, major resistance levels are positioned at $1.00, $1.50, $2.00, and eventually $3.00. These levels correspond to psychological barriers and historical Fibonacci zones. A break above each would need consistent follow-through volume to sustain upward momentum.
Read Also: Analyst Says $3 ONDO Price Coming Sooner Than Expected After Key Support Holds
Indicators and Momentum Readings
The Stochastic RSI is currently oscillating around 80, which will place ONDO price in an overbought condition on the daily timeframe. This could suggest a short-term cooldown unless supported by volume.
The RSI value sits near 47.60 with its average line around 42.41. Both are sloping upward, which may point to early signs of a trend reversal.
Volume levels remain relatively steady, although a slight increase accompanied the current price push. Traders are watching for stronger buy-side participation to validate any breakout above resistance.
Market Sentiment and Tweet Influence
The tweet by CryptoED has fueled expectations of a large ONDO price movement, with a forecast targeting the $3 level.
The analyst noted that “a lot of investors will miss out,” and referencing the current technical structure that appears primed for expansion.
While no breakout has occurred yet, the ONDO chart setup aligns with the conditions often seen before strong price advances.
Market participants are interpreting this commentary as a reflection of building momentum. The current structure remains intact, but confirmation is needed before any targets above $1.00 become actionable.
Subscribe to our YouTube channel for daily crypto updates, market insights, and expert analysis.
