- ONDO retests the $0.86–$0.90 support zone, turning former resistance into a base, reinforcing potential for bullish continuation.
- A breakout above the descending channel marks a structural shift, supported by a 9/21 EMA bullish crossover and rising momentum.
- ONDO price action aligns with Bitcoin’s upward trend, backed by MACD crossover and consolidation above critical moving averages.
ONDO is retesting its crucial horizontal support zone on the daily timeframe, showing strength as it aligns with Bitcoin’s upward momentum.
ONDO Chart Retests Key Support for a Potential Bounce
According to Alpha Crypto Signal, ONDO is back at a key horizontal support zone on the daily chart. This area, marked between $0.86 and $0.90, has acted as a major level in the past. The tweet points out that ONDO must stay above this zone to preserve its bullish structure.
A bounce from this area is expected, especially as Bitcoin shows strength across the market. The chart indicates that ONDO has flipped this previous resistance into a support zone, a structure often followed by bullish continuation. Current price action remains above both the 9-day EMA ($0.9296) and the 50-day SMA ($0.8579), signaling bullish momentum and reinforcing the support base.
ONDO Builds Strength After Exiting Descending Channel
The ONDO/USDT pair has broken out of a descending channel that extended from January to late April 2025. The recent breakout and consolidation above this pattern indicate a shift in market structure. This move is viewed as a potential trend reversal, further strengthened by higher lows forming above the former channel.
The moving averages also support the breakout. The 9 EMA has crossed above the 21 EMA, confirming momentum to the upside. Price currently trades around $0.9163, with immediate resistance near $0.9497. A sustained move beyond this level could open the path toward $1.00 in the short term.
BTC Momentum May Lead ONDO Higher
Alpha Crypto Signal highlights that ONDO’s next move depends partly on Bitcoin’s direction. If BTC maintains its upward trajectory, ONDO is likely to follow. The MACD supports this view, showing a bullish crossover and green histogram bars.
The structure is still sensitive, though. Breaking below the level of $0.89 would nullify the bullish setup. Traders are keeping close watch around the range of $0.86 to $0.90 for a bounce to be confirmed.
