ONDO Approaches $1.10 Resistance Amid Bullish Momentum and Key Technical Signs

ONDO is showing signs of renewed strength as it continues to test key resistance levels after a recovery from the $0.85 zone in late July. Currently trading around $0.983, the price has crossed back above the 30-day EMA, indicating improved short-term momentum. However, a critical test lies ahead as it approaches the $1.05 resistance level, part of a descending trendline that has acted as a ceiling for months. A sustained breakout above $1.10 would be essential for shifting the overall trend from bearish to bullish [1].

On the daily chart, ONDO remains within a broader downtrend, though its recent price movement suggests a potential reversal is in progress. The reclaim of the 30-day EMA indicates that buyers are becoming more active. If the price can close above the $1.10 level, it would open the door to more substantial gains, with the next key targets set at $1.25 and $1.30. Conversely, a pullback below $0.90 or $0.85 would signal renewed bearish control and likely extend the correction phase [1].

In the short-term, the 4H chart shows a more bullish setup. ONDO has been forming higher lows, and the price is maintaining its position above the 30-period EMA, reinforcing the idea that upward momentum is in place. The RSI at 63 suggests strong but not overextended buying pressure, and if volume increases alongside a breakout attempt, a move above $1.10 could happen sooner than expected [1].

The overall structure is still precarious, and while the current price action is encouraging, traders are closely monitoring whether the next move will be a definitive breakout or another failed attempt. A confirmed close above the key $1.10 level would serve as a strong validation of bullish sentiment and could unlock a larger rally. Until then, the market remains in a state of cautious optimism as investors weigh the possibility of a trend reversal against the risks of a continued correction [1].

Source: [1] Can ONDO Price Finally Smash Through $1.10? Here’s What the Charts Reveal (https://coinmarketcap.com/community/articles/68953819a023ec4608e1dac0/)