- ONDO maintains a bullish structure above trendline support, with consolidation near $1.00 hinting at a potential breakout toward $1.4189.
- The market respected the long-term ascending trendline despite recent corrections, reinforcing strong buyer interest near $0.80–$1.00.
- Accumulation between $0.85 and $1.00 shows bulls absorbing sell pressure as price eyes resistance zones at $1.4189, $1.7850, and $2.1034.
ONDO/USDT holds strong above its ascending trendline, signaling a potential bullish continuation. The market structure remains intact with a clear series of higher lows. Currently trading around $0.9639, the token has gained 2.53% within the latest candle. Moreover, the price action reflects growing demand near the $1.00 psychological mark. The broader trend remains bullish, supported by technical confirmation on the 4-day chart.
Accumulation Signals Strength After Major Correction
The period for the ONDO/USDT pair is May 2024–May 2025. The market has been steady along a long-term upward trendline during this time. This trendline has provided strong support throughout several corrections. The price soared beyond $2.00 following a breakout in November 2024, reaching a peak close to $2.10 in late December.
Source: Rose Premium Signals
However, the uptrend faced resistance at the top. A deep correction followed, stretching from January to April 2025. Price declined gradually, printing a series of lower highs and lower lows. Despite this, ONDO respected the trendline and found strong buying interest near $0.80. This area also aligned with a previous demand zone, adding confluence to the bullish bias.
Key Resistance Levels to Monitor
Between April and May 2025, the token entered a tight accumulation range. Price compressed between $0.85 and $1.00 while holding above trendline support. Buyers absorbed sell pressure slowly, pointing to quiet accumulation. Consequently, the current price action hints at a potential breakout.
Three resistance zones are worth monitoring. The first is $1.4189, a former support zone that flipped into resistance. The second lies at $1.7850, marking a key area from a prior consolidation before the parabolic December rally. Finally, $2.1034 represents the chart’s all-time high and a major supply level.
Moreover, the analysis reflects a completed impulse wave followed by a correction. A potential new wave is forming now. Price remains within a rising trend channel, and the bullish structure holds firm. Historical support lines up with higher lows, reinforcing the trend’s strength.
