- ONDO broke above its rising channel with a 7.85% daily gain, signaling strength after accumulation between key Fib levels.
- Market watchers target $1.4736 and beyond, as price holds above $1.00 and eyes $1.5703—a key test for bullish continuation.
- Strong confluence support at $0.7700 with a $0.6200 stop-loss backs the breakout, suggesting controlled risk and trend strength.
ONDO has exited a months-long accumulation phase and is now printing a clear bullish breakout. The recent rally above $1.00 reflects a shift in trend structure, supported by strong buying activity and higher-low formations.
Breakout Confirms Shift in Structure
ONDO recently surged past a rising channel it followed from April to May. The vertical rally began in early June, pushing the price to $1.0178 with a daily gain of 7.85%. According to an analysis shared on X by Rose Premium Signals, price touched $1.0241 before bouncing off $0.9308, forming a solid bullish candle.
Source: X
Analysts noted strong accumulation between the 0.236 and 0.382 Fibonacci levels. Market observers believe this range formed the base for the ongoing macro uptrend. The ONDO price structure is now printing higher lows, a classic signal of strength building.
Mid-Term Targets Now in Sight
Targets at $1.4736, $1.7734, and $2.6322 were highlighted in recent insights. These projections align with major historical reaction zones from Q1 2025. Experts now watch the $1.5703 level as the next potential resistance.
This level has acted as a cap in previous moves and could determine the pace of further gains. If the price stays above $1.00, the probability of testing $1.2700 rises significantly. Traders are monitoring smaller retracements to confirm healthy trend continuation.
Strong Support Forms a Safety Net
Below, the $0.7700 zone remains a major confluence of support. Shared on X by AltCryptoTalk, this area is built on the intersection of horizontal levels and trendline support. The stop-loss zone sits beneath at $0.6200, protecting against downside risk.
Source: X
This setup follows weeks of consolidation, with buyers gradually regaining control. Could this pattern of higher lows confirm a sustained market reversal? Analysts point to a full transition from accumulation to markup phases.
Key Resistance Could Trigger Expansion
If ONDO clears $1.207 and pushes through $1.5703, upward momentum could accelerate. Traders are now watching price behavior around these zones for breakout validation.
Price has also held above prior swing highs, avoiding sharp corrections. Observers say this indicates firm bullish sentiment. With the current structure intact, ONDO could retest January highs before aiming at new yearly peaks.
