- ONDO Price Coils in Tight Triangle as Volatility Drops — Big Move Incoming
- A Break Above $1.05 May Ignite ONDO Rally Toward $1.20 and Higher
- Whale Buys and Tokenization Push Reinforce ONDO’s Long-Term Bullish Outlook
ONDO is on the verge of a breakout as whales scoop up tokens below $1. With price tightening and momentum brewing, all eyes are on the charts for a move that could shake up the RWA space.
Symmetrical Triangle Signals Imminent Break
ONDO’s price is squeezing within a textbook symmetrical triangle on the daily chart, pointing to a likely breakout. According to Alpha Crypto Signal, the altcoin is compressing between lower highs and higher lows, signaling a period of consolidation. This comes as volume steadily declines — a typical precursor to price expansion.
As at press, ONDO is trading at $0.99, just above its 9-day EMA and 50-day SMA,which is at $0.97. This convergence underlines the market’s indecision. A clean breakout above $1.05 could unlock upside toward the $1.20+ region, while a drop below $0.95 may see ONDO revisit the $0.85–$0.80 support zone.
The triangle’s structure is defined by major pivot points — with price initially rallying from $0.70 (point A) to $1.20 (point B), before dipping to $0.85 (point C), then recovering to $1.10 (point D).
Indicators Reflect Market Caution, But Whales Are Active
On-chain and technical indicators send mixed signals for ONDO. A bullish MACD crossover on August 21 hinted at momentum, but weakening histogram bars suggest it’s fading. Meanwhile, RSI sits at 52.70, showing indecision between bulls and bears.
Despite a recent 2% dip, ONDO remains a leader among Real World Asset (RWA) coins. It has managed to recover from August’s broader market slump, and continues to attract capital inflows. The Chaikin Money Flow reading at 0.17 supports this trend, confirming active buying pressure during the dip below $0.90.
Market Cap Recovers, But Direction Remains Unclear
Market cap data from CoinMarketCap shows ONDO peaked above $3.20 billion on August 17 before dropping below $2.85 billion by August 22. A sharp recovery followed, pushing the cap back above $3.15 billion. Since then, ONDO has consolidated between $3.10 billion and $3.20 billion, matching its price consolidation zone.
Volume spikes accompanied both the selloff and rebound, signaling strong trader response to price shifts. However, with the price still locked below resistance and above support, direction remains unclear.
