ONDO Price Nears $1.15 Resistance, 70% Upside Potential If Breakout Confirmed Technical and On-Chain Data Signal Growing Bullish Momentum for Cryptocurrency

ONDO’s price trajectory has drawn significant attention from market analysts as it approaches a critical juncture in its technical structure. Recent price action indicates a potential 70% upside move, contingent on breaking through a long-standing resistance barrier. The cryptocurrency, which has shown consistent bullish momentum, is now at a pivotal moment that could define its next phase of growth.

Following a sharp rally from the $0.90 level to a seven-day high of $1.11, ONDO experienced a temporary pullback to $1.03 as of Monday. This 4.01% decline over 24 hours contrasts with its broader 32.5% surge over 14 days and 14.97% gain in the past week. Analysts attribute the short-term consolidation to the pressure from the $1.13–$1.15 resistance zone, a level that has historically impeded further upward progress.

Crypto analyst Ali Martinez highlighted the strategic importance of the $1.15 threshold, noting its role as a recurring barrier. His analysis of Binance’s ONDO/USDT perpetual contract charts reveals that the price has failed to breach this level twice previously—in early March and April 2025. A confirmed breakout above this range, Martinez argues, could trigger a short-term target of $1.75, representing a 70% increase from current levels. Such a move would not only validate the bullish case but also signal a broader shift in market sentiment.

Technical indicators further reinforce the potential for a trend reversal. Solberg Invest identified a breakout from a long-term descending triangle pattern, a formation often associated with sustained upward momentum. The triangle, which began forming in early 2025 during ONDO’s downtrend, has been invalidated by recent price action. The accompanying increase in trading volume and structural strength suggest the breakout is more than a temporary spike, with Solberg projecting a potential parabolic rise toward $3.40—a new all-time high for the asset.

On-chain data adds a layer of credibility to the bullish narrative. According to IntoTheBlock, user activity on the ONDO network has surged in recent weeks. New wallet addresses increased by over 35%, while active addresses rose by 16.46%, reflecting higher engagement and transaction volume. Additionally, zero balance addresses grew by 20%, underscoring continued onboarding interest. These metrics align with broader patterns seen in successful digital asset cycles, where organic growth precedes price surges.

The evolving holder structure also supports the optimistic outlook. Long-term holders—those holding ONDO for over a year—have grown by 12.25%, indicating sustained confidence in the project’s fundamentals. Meanwhile, short-term traders (holders of less than a month) have risen by 14.94%, signaling speculative activity tied to the asset’s breakout potential. The cruiser segment, representing one- to twelve-month holders, saw a modest 0.87% increase, suggesting a stable transition between trading and long-term investment.

While the technical and on-chain fundamentals present a compelling case for further gains, market participants remain cautious about the risks of a failed breakout. A failure to clear the $1.15 resistance could trigger a retest of key support levels near $1.03 or even $0.95. However, the combination of strong volume, improving holder dynamics, and a historically significant technical pattern suggests that the odds of a sustained rally are increasing.

The next critical phase for ONDO will depend on its ability to maintain momentum above the $1.15 threshold. If successful, the price could enter a new phase of growth driven by both institutional and retail adoption. Analysts emphasize that while forecasts like a 70% upside are speculative, the on-chain data and technical indicators currently align to support the possibility of a major trend reversal.