ONDO Faces $1.10 Pivotal Level as Bulls Aim for $1.50 Rally

ONDO is currently in a critical phase as it faces a key resistance level of $1.10. Analysts highlight this level as a decisive pivot that could determine whether the asset enters a bullish recovery or experiences renewed downward pressure. If ONDO manages to reclaim and hold above $1.10, it could open the door to higher targets, including $1.32 and potentially $1.50, which align with key Fibonacci retracement levels [1].

The token is currently trading near $0.92, below the $1.10 threshold, and has shown repeated attempts to break through without success. This behavior reinforces its range-bound nature, with $1.10 acting as both a psychological and technical barrier. Traders are closely monitoring the reaction at this level, as it could signal a shift in market sentiment and provide clarity on the asset’s near-term direction [2].

A successful breakout above $1.10 would not only indicate a potential shift in momentum but also encourage broader market participation. It would suggest that buyers have taken control and are willing to push the price toward higher levels. Conversely, continued rejection at $1.10 could drive ONDO back toward its range lows near $0.80, reinforcing the bearish structure and signaling further consolidation [3].

The market is currently at a breaking point, with the $1.10 level serving as a critical inflection point. If bulls fail to assert control, the asset may slide toward $0.80, where sellers could re-enter the market and maintain downward pressure. This scenario would reflect a continuation of the existing range-bound trend rather than a breakout [4].

Technical analysis suggests that the next few trading sessions will be decisive. A sustained move above $1.10 could confirm a reversal in the asset’s trajectory, while another failed attempt could deepen the bearish bias. Traders are advised to keep a close watch on how the market reacts to this key level, as it will likely dictate the next major price movement [5].

Source: [1] ONDO at a Breaking Point: $1.10 Pivot Sets the Stage for $1.50 Rally, Possible $0.80 Slide (https://coinmarketcap.com/community/articles/68a5551ea05c4d7372402a92/)