Currently, ONDO is traded at the level of $0.9228, 24-hour volume of $2.91 billion and a total market capitalization of $248.14 million. The token has climbed 9.27% in the last 24 hours and had a strong 17.97% gain in the last week. That recent growth shows healthy movement and additional gains in the short term.
ONDO registered a prominent breakout of the falling wedge pattern on the two-day chart, a bullish configuration that occurs after down trends. A falling wedge consists of two sloping lines, such that the upper line links lower highs and the lower line links higher lows. As the sellers weaken, the falling wedge becomes narrower, and the bulls begin to gain strength all over the chart.
The breakout comes following many confirmed contacts with the trendlines of resistance and support, which enhances the general validity of the patterns. Traditionally, prices reverse within 10 to 50 periods after declining wedges, which further enhances the bullish sentiment herein.
ONDO price targets set for breakout
The 2D chart posted by Jonathan Carter on 11 Jul has noticeable support and resistance regions, and ONDO moves robustly towards the upper resistance area. The image does not present individual volume or RSI, or MACD indicators, but the general trend shows a bullish direction.
The price setup now resembles a past bull rally that had previously caused significant price increases during earlier cycles. Technical analysis indicates probable targets of $1.10, $1.50, $1.75, and $2.08 if the momentum continues. Those are strong resistance zones where sellers are likely to materialize, yet strong buying could break through them.
The strong recent uptick of the token, specifically compared to the broader 9.90% crypto sector gain this week, shows relative strength. Measured through CoinGecko, the data shows buyers have reasserted strong control, which supports ongoing increases if broader sector conditions continue.
