- ONDO forms higher highs above $1.07, targeting $3.03 and $4.49 Fibonacci extensions in a bullish recovery channel.
- Breakouts from multi-channel structures and wedge patterns position ONDO for resistance tests at $1.40 and $2.10 levels.
- Dynamic trendline support and volume nodes near $1.00 strengthen ONDO’s momentum toward layered resistance targets.
ONDO has reclaimed critical support zones and now trades above $1.07, showing signs of renewed technical strength. Recent breakouts across higher timeframes suggest bullish continuation as the asset forms consistent higher highs and higher lows.
Fibonacci Targets Align With Bullish Market Structure
ONDO’s 3-day chart reflects a sharp recovery after forming a double-bottom reversal at the $0.78 level. The asset bounced from that base in early May 2025 and has continued forming an ascending pattern within the recovery channel.
Following the breakout, Lennaert observed that ONDO rebounded from the range point of control and resumed its uptrend. According to Lennaert, the asset is now creating a series of higher highs and higher lows on higher timeframes. He also noted that the price must hold above $1.00 to maintain momentum toward the $3.02856 and $4.49832 Fibonacci targets.
Source: Lennaert on x
The 1.618 and 2.618 extensions, based on the previous $0.78 to $2.10 rally, mark potential resistance points. Price now trades at $1.07864, supported by the volume node between $0.75 and $1.10. The low volume zone above $1.30 may offer minimal resistance as the price progresses.
Multi-Channel Breakouts Reinforce Trend Continuation
Tracking price behavior on the daily chart, ONDO’s structure reveals two clear descending channels and defined horizontal levels. Each correction cycle was followed by bullish continuation, supporting the ongoing breakout from April 2025.
AltCryptoTalk has presented additional insights into the overall trend evolution using support zones and wedge formations. According to AltCryptoTalk, ONDO broke out of the descending wedge pattern and reclaimed the $1.00 level in May. The breakout came after two key correction phases between $1.20 and $0.60, then $2.10 to $0.80.
Source: AltCryptoTalk
Even more importantly, a long-term trendline from April 2024 continues to act as dynamic support throughout pullbacks. Could this higher low near the $1.00 mark mark the start of a renewed move toward the $1.40 and $2.10 zones? This has led to increased attention on the orange channel, where price continues to trend upward.
To add to this, the chart now shows a short-term ascending channel forming between $0.80 and $1.05. If price breaks above this structure, resistance near $1.40 may be retested. The cryptocurrency remains technically aligned with its broader bullish trend, supported by visible price and volume structure.
Market observers now monitor whether current momentum holds as ONDO presses against layered resistance targets. All indicators across both charts reflect bullish strength if trendlines and volume nodes remain respected.
