Ondo ($ONDO) is showing one of its strongest weekly setups in months. After 190 days of consolidation, the token now sits on the edge of a major breakout, according to a new analysis by trader Crypto Kindle.
What you'll learn 👉
A Long Base on the Weekly Chart
The weekly chart shows how ONDO has spent more than half a year locked in a tight range. Price bounced repeatedly between a support zone near $0.58 and resistance just above $1.08–$1.10.
During that time, the market formed a head-and-shoulders bottom pattern, a classic reversal signal. The two “shoulders” appear as rounded lows on either side of a deeper central trough, all of which are marked on the chart.
Now, ONDO is pressing hard against the neckline of this formation – the horizontal resistance line at $1.08–$1.10. A close above this level would complete the pattern and signal the start of a new trend.
The weekly candles are gaining strength, and today’s data shows ONDO trading around $1.08–$1.13, up nearly 19% for the week. The 50- and 200-week moving averages hover near $1.02, giving extra support as price pushes higher.
A decisive weekly close above the neckline with strong trading volume would confirm the head-and-shoulders reversal. This setup often targets a move equal to the depth of the pattern, which could project significantly higher prices if momentum follows through.
What to Watch Next
For bulls, the key is a clean breakout above $1.10 with sustained volume. If that happens, the next major resistance could sit near $1.50–$1.60, with a longer-term target around $2.00 based on historical ranges.
If ONDO fails to hold above the neckline, it could slip back toward the mid-range near $0.85 or even retest the base at $0.58. But for now, buyers have the upper hand.
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Bottom Line
Crypto Kindle sums it up clearly:
“Confirmation = a clean break of the neckline with volume.”
With a strong weekly candle and a well-formed head-and-shoulders bottom, ONDO is on the cusp of a big trend reversal. Traders will watch the coming weekly close closely. A confirmed breakout could turn months of quiet trading into a new bullish phase and open the door to much higher prices.
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