ONDO Shows Bullish Signs Near Key Technical Levels

ONDO, a cryptocurrency, has been demonstrating signs of potential upward movement as it accumulates near key technical levels. The token has been maintaining higher lows on the macro chart, forming a base that could precede a fresh breakout. Traders are closely monitoring the situation, supported by bullish technical patterns. Despite the broader market's cautious stance, ONDO's structure suggests it is ready for the next move.

ONDO's price has been trading within a narrow range, with indications of sustained accumulation. Analyst Alex Clay's chart data shows that the token is consolidating above its lower support band, with buying pressure appearing at each dip. Clay noted that ONDO is bouncing off an upward sloping trendline, signaling renewed interest from buyers. Historically, this setup has led to bullish continuation moves.

The chart also shows that the price is holding above the 0.236 Fibonacci retracement level, a key technical zone often associated with support strength. Technical indicators are beginning to favor bulls. The Relative Strength Index (RSI) has formed two notable swing lows, which in past cycles preceded strong upward moves. The RSI is now trending higher, showing early signs of growing momentum. This trend aligns with ONDO’s previous price action, where rallies occurred after similar RSI behavior. The repeated pattern of lower-timeframe accumulation followed by impulsive rallies adds to the confidence among traders tracking this structure.

If ONDO breaks out from current levels, future targets are coming into focus. The first major resistance sits at $1.15875, a level that aligns with Fibonacci extensions. Beyond that, Clay identified $3.00685 as a longer-term target should bullish momentum continue. For now, ONDO remains below the $1 mark. However, a sustained move above local resistance could open the path to higher levels. The price has shown resilience, gaining over the last week despite a slight dip in the past 24 hours.

While much of the crypto market remains cautious, ONDO has maintained its macro structure. The consistent formation of higher lows adds to the bullish outlook shared by technical analysts. As accumulation holds and RSI strengthens, ONDO appears positioned for a potential breakout phase. The coming days may be crucial in determining whether the token begins its next upward leg or remains range-bound.