ONDO Trading Near $0.99 in Symmetrical Triangle Breakout Setup

ONDO is currently trading near $0.99 within a symmetrical triangle pattern, a classic technical formation indicating an imminent breakout. The pattern, defined by converging lower highs and higher lows, suggests that the market is consolidating ahead of a directional move. Traders are closely watching key levels: a clean close above $1.05 could signal the start of a rally toward $1.20+, while a breakdown below $0.95 may lead to a drop toward $0.85–$0.80 [1].

The triangle is formed from a rally from $0.70 to $1.20 (point A to B), a decline to $0.85 (point C), and a recovery to $1.10 (point D). These pivot points are used by technical analysts to estimate potential breakout levels and measured move targets [1]. On-chain data also shows signs of accumulation, with whale activity and Chaikin Money Flow at 0.17 indicating buying pressure during dips. This supports a bullish bias, especially if larger holders continue to accumulate below $1 [1].

Technical indicators reflect mixed signals. The 9-day EMA and 50-day SMA have converged at $0.97, showing indecision in the market. RSI at 52.70 suggests balance between buyers and sellers, while a bullish MACD crossover on August 21 hinted at potential momentum. However, the fading histogram bars indicate that the upward thrust may be weakening [1].

Market cap data from CoinMarketCap shows that ONDO reached a peak of over $3.20 billion on August 17 before retreating to below $2.85 billion by August 22. It has since recovered and consolidated between $3.10 billion and $3.20 billion, mirroring the price action observed in the symmetrical triangle. Both the selloff and rebound were accompanied by volume spikes, signaling significant trader participation [1].

From a strategic perspective, a successful breakout above $1.05 would need to be confirmed by rising volume and a daily close beyond that level to avoid false signals. Similarly, a breakdown below $0.95 must also be supported by increased volume to validate the downside move. Position sizing should be adjusted to account for the token’s volatility and market depth [1].

Whale activity plays a crucial role in shaping ONDO’s outlook. Accumulation by large holders can increase available liquidity and help support the price during dips. Recent on-chain flows and the Chaikin Money Flow reading of 0.17 indicate net buying pressure, reinforcing a potential bullish bias [1].

In summary, ONDO’s near-term direction is closely tied to the behavior of key resistance and support levels. A confirmed breakout above $1.05 could set the stage for a rally toward $1.20+, while a breakdown below $0.95 may lead to a retest of the $0.85–$0.80 support zone. With price compressed and momentum building, the market is in a critical phase that could determine the next move for the token [1].

Source:

[1] ONDO Near $0.99 Forms Symmetrical Triangle; Break Above $1.05 Could Ignite Rally Toward $1.20 August 26, 2025

https://en.coinotag.com/ondo-near-0-99-forms-symmetrical-triangle-break-above-1-05-could-ignite-rally-toward-1-20/