ONDO Price Analysis: $0.67 Support Could Spark Next Rally

Ondo (ONDO)

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  • $0.67 is ONDO’s critical support level for potential rebound.
  • Resistance at $0.88 and $1.15 could delay immediate gains.
  • Market consolidation suggests cautious optimism in the near term.

ONDO is trading near $0.72 on Binance’s perpetual market, down 2.81% as investors weigh its next move. Analysts suggest that maintaining the $0.67 support level is critical for any rebound toward higher targets, including $0.88 and $1.15. The token’s midyear highs have given way to a steady retracement, leaving traders focused on this pivotal zone.

Critical Support at $0.67

Chart analyst Ali Charts emphasizes that $0.67 is ONDO’s last line of defense. Holding above this level could allow the token to form higher lows, which historically signal potential bullish momentum. Momentum indicators show that accumulation above this threshold might act as a springboard, echoing patterns observed in June and August.

Analyst Fadil 500 reinforced this view, noting that clean support zones like $0.67 often restore trader confidence and can catalyze rapid rebounds. “Momentum could rebuild quickly since traders watch these zones closely,” he explained.

Resistance Levels Pose Challenges

While $0.67 offers a potential base, resistance levels at $0.79, $0.88, $1.02, and $1.15 could limit immediate gains. Market participant BAA RUT cautioned that even if support holds, traders should expect some delays in profit-taking. This dynamic highlights the need for careful monitoring as price action consolidates.

Ondo Price Chart - CMC Data
Source: CMC Data

Ali’s chart projections suggest a zigzag path with periods of consolidation before any decisive breakout. This aligns with typical market psychology, where critical zones are repeatedly tested before momentum fully shifts.

Outlook: Recovery or Further Decline

Currently, ONDO trades at $0.7230, reflecting market uncertainty. A firm hold above $0.67 may reignite upward momentum, potentially targeting $0.88 and beyond. Conversely, a breakdown below this level could trigger renewed selling pressure and declining volumes. Traders remain alert for confirmation, with the coming sessions likely defining the next directional move.

Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.

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