- ONDO price breaks from a descending channel, repeating its prior bullish cycle and targeting $2.00 as the next major resistance zone.
- Volume growth and steady RSI levels point to accumulation, supporting continued upward momentum toward the breakout target of $2.00.
- ONDO trades at $1.03 with $175M daily volume, reflecting a 12.96% gain over the past seven days.
Ondo (ONDO) is exhibiting a bullish flag breakout pattern that closely mirrors its previous rally cycle, suggesting potential upside targets ahead. Price action is replicating a historical setup that once preceded a rapid move higher.
ONDO Price Action and Technical Structure
Jonathan Carter (@JohncyCrypto) noted on X that ONDO is replicating its earlier bullish breakout, with a near-identical structure to the last rally. The chart displays an extended descending channel followed by a sharp upward breakout, a formation now unfolding again.
ONDO has broken out from a similar descending pattern, supported by rising volume that suggests early accumulation. The Relative strength index (RSI) is on moderate levels without overbought conditions enabling the further momentum. According to Carter, reclaiming $1.14 would confirm continued strength, with $1.50 as the next key level due to previous liquidity concentration.
The price could reach $2.00 if bullish momentum continues which matches the upper limit of the long-term resistance zone. The price level represents the highest point of previous market reactions thus becoming a crucial target for traders observing the pattern.
Market Context and Trading Levels for ONDO
As at at the time of writing, Ondo is trading at a cost of 1.03 with a 24-hour trading volume of 175,021,272. The token has experienced a 1.12% loss in the last 24 hours but an increase of 12.96% in the last week.
Historical data shows that ONDO’s previous breakout from a similar structure led to a sustained rally. Market observers note that this type of price symmetry often attracts experienced traders, who use such setups to position ahead of potential sharp moves.
Carter described the current chart as a “textbook bullish flag breakout,” emphasizing that the setup reflects a fractal-like repetition of the last cycle. The confirmation of momentum through the $1.14 level could pave the way for higher resistance targets at $1.50 and ultimately $2.00. Traders are now watching whether the ongoing accumulation phase can build the required momentum for another accelerated rally.
