ONDO is once again gaining attention, with price action showing signs that it could be setting up for another big move.
The token is currently trading at $0.7455, just below a key Fibonacci level, and social media is heating up with bullish chatter.
Prominent analyst, CryptoED, believes ONDO price is repeating the same pattern it showed before its explosive rally to $2, and says a run to $3 is just a matter of time.
The ONDO chart he is referring to suggests the token is holding onto long-term support while consolidating. That structure, along with declining volume and flattening momentum indicators, has traders wondering if a bigger move is just around the corner.
What you'll learn 👉
ONDO Price Consolidation and Fib Levels in Focus
After hitting a high near $2.13, ONDO price has pulled back and is now sitting just under the 0.382 Fibonacci retracement level at $0.8258.
These levels are drawn from the swing low around $0.0179, so they cover ONDO full bull cycle. Below current price, the 0.236 level at $0.5171 offers another support zone if the trendline breaks.
On the upside, there’s room to run toward $1.07 (0.5 Fib) and $1.32 (0.618 Fib) if momentum returns.
Trendline and Volume Behavior
A blue ascending trendline starting from early 2024 has been tested a few times and each time, ONDO price has bounced. That suggests buyers are still stepping in to protect this structure.
Volume has dropped off during this correction, which often signals that selling pressure is fading and accumulation may be taking place.
Read Also: Analyst Doubles Down on ONDO Price Target After Sharp Bounce From $0.63
ONDO Price Analysis: Technical Indicators Show Neutral Momentum
Stochastic RSI is near the bottom of its range on the weekly chart, which usually means the token is oversold. If momentum picks up, it could trigger a bounce.
The RSI sits between 40 and 51, and isn’t giving any strong signal yet, but the lines are flattening, which could hint at a shift if ONDO price starts to move again.
Social Sentiment and ONDO Pattern Speculation
On X(Formerly Twitter), CryptoED shared that ONDO is “literally repeating the same pattern it had before the big pump to $2.” He’s bullish and accumulating daily, targets a breakout to $3.
While a breakout is not confirmed, ONDO price to hold above $0.70 and the trendline support may provide the structure needed for such a move. Traders continue watching for volume and price confirmation over the coming weeks.
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