ONDO Price Surges 3.45% Amid Bullish Breakout Hopes

ONDO has garnered significant attention within the trading community due to its recent price movements, which have positioned it near a critical breakout zone. The ONDO/USDT pair has been consolidating within a defined structure, indicating a potential for bullish continuation.

A tweet by crypto analyst CryptoED highlighted this setup, describing it as an “obvious” sign of an impending move with a projected price target at $3. This tweet has amplified interest, suggesting that a bullish leg could soon unfold.

As of the time of analysis, the ONDO price was trading at approximately $0.7672, reflecting a 3.45% daily gain with a very tight buy/sell spread. This indicates stable liquidity and growing market participation.

The ONDO daily chart shows the token holding above a long-standing support range between $0.68 and $0.70. This zone has seen repeated price interaction, with multiple candle wicks confirming buyer interest. A secondary support level, visible around $0.50, remains untested but stands as the last defense against extended downside pressure.

Price action over the past few months has largely respected this lower range, also forming what appears to be a rounded accumulation pattern. A gradually ascending trendline supports this structure from below, indicating steady higher lows. This formation places ONDO price in a potential breakout wedge, with the current price pressing against a long-term descending resistance.

The immediate resistance lies around $0.77 to $0.78, aligned with a descending trendline that has rejected several bullish attempts since the all-time high. For ONDO price to confirm a breakout, traders are closely watching the $0.80 to $0.85 range. A close above this zone on volume could indicate a shift in market structure.

Beyond this range, major resistance levels are positioned at $1.00, $1.50, $2.00, and eventually $3.00. These levels correspond to psychological barriers and historical Fibonacci zones. A break above each would need consistent follow-through volume to sustain upward momentum.

The Stochastic RSI is currently oscillating around 80, which places ONDO price in an overbought condition on the daily timeframe. This could suggest a short-term cooldown unless supported by volume. The RSI value sits near 47.60 with its average line around 42.41. Both are sloping upward, which may point to early signs of a trend reversal.

Volume levels remain relatively steady, although a slight increase accompanied the current price push. Traders are watching for stronger buy-side participation to validate any breakout above resistance.

The tweet by CryptoED has fueled expectations of a large ONDO price movement, with a forecast targeting the $3 level. The analyst noted that “a lot of investors will miss out,” referencing the current technical structure that appears primed for expansion. While no breakout has occurred yet, the ONDO chart setup aligns with the conditions often seen before strong price advances.

Market participants are interpreting this commentary as a reflection of building momentum. The current structure remains intact, but confirmation is needed before any targets above $1.00 become actionable.