ONDO Faces Critical Juncture Amid Geopolitical Tensions

ONDO is currently trading at $0.792, maintaining its upward trendline as traders closely monitor the tight range between $0.750 and $1.000 for a potential breakout or breakdown. The token's chart indicates a rising wedge pattern with diminishing volume, with key resistance at $1.000 and support at $0.650 defining the next significant price movement.

The escalating tensions between Israel and Iran are adding to the market's volatility, causing traders to wait for clear signals before entering long or short positions. ONDO is approaching a critical technical zone, trading just above its ascending support near $0.750, with traders anticipating a breakout past $1.000. The rising geopolitical uncertainty due to the Israel-Iran conflict could significantly influence ONDO's next move, shaping it based on both chart signals and the increasing volatility in the global market.

Since May 2024, ONDO has experienced a dramatic rally from $0.20 to a peak of $2.00 in September, marking a 10x increase. However, the token promptly reversed back to $0.80 before attempting another breakout to $1.80 in early 2025. This attempt failed to surpass the $2.00 resistance, leading to a gradual decline with lower highs and decreasing volume. Over the past five months, ONDO has been trapped in a tight range, with trading volumes notably dropping across major exchanges. Despite this, multiple bounce attempts off the $0.750 ascending trendline suggest that bulls are still defending key levels, although with decreasing strength.

Recent price action indicates that ONDO is at a critical juncture. If the price can hold above the $0.750 trendline, it could potentially run towards $1.100 and even $1.550. However, failure to maintain this support could result in a sharp correction to the $0.650–$0.500 accumulation zone, where buyers have repeatedly stepped in. Market analysts note that ONDO faces significant resistance at $1.100, $1.550, and $2.100 levels, which previously capped upward momentum. A recent rejection at $1.000 confirmed the market's hesitation, and ONDO must close above this threshold to trigger higher targets, with volume confirmation being essential.

TradingView charts show ONDO trading within a rising wedge structure, with reduced participation indicating consolidation. The interaction zone near the trendline hints at a potential breakout or breakdown event, making the next few sessions critical in shaping short-term sentiment. Traders are exercising caution, waiting for clear confirmations before positioning. Social chatter and rising wallet counts suggest quiet accumulation, although broader momentum remains lacking. This divergence adds to the indecision, fueling both hope and skepticism among market participants.

If ONDO holds above $0.750 and closes higher at $1.000 with volume, bullish pressure could push the price towards $1.550. Confirmation by leading candles and rising activity will be necessary for sustaining this advance. Geopolitical tensions, particularly the increased Israel-Iran tensions, can act as a trigger for volatility, exaggerating price reactions around key levels. Conversely, a close below $0.650 each day could allow for further retracements down to $0.500, the next buffer level. Historical trends in 2024 suggest a possibility of a further drive to the upside. However, this is a high-risk juncture, with market participants appearing torn between themselves, and tensions all around hanging in the background, ready for an outright break before establishing longs on aggressive holdings.