ONDO is back on analysts’ radar as technical indicators signal the potential for a major bullish breakout. After peaking above $2.20 in December 2024, the token entered a prolonged corrective phase, but recent stability suggests ONDO could be gearing up for a strong comeback—possibly eyeing a target as high as $3.
📊 $ONDO Macro View
— Solberg Invest (@SolbergInvest) June 1, 2025
The chart is repeating the same triangle pattern that previously led to a major breakout.
We’re either heading for one last support touch — or we’ve already begun the retest before liftoff 🚀
📌 Target: $3
Let’s see if history repeats 👀#ONDO #Crypto… pic.twitter.com/It3FcUmgn8
Price Stabilization Signals Shift in Market Sentiment
Currently trading around $0.85, ONDO is showing resilience above a key support zone. The token has stopped its downward trend, with daily charts reflecting tighter price consolidation and reduced volatility. This base-building behavior is often a precursor to upward momentum, especially if accompanied by rising trading volume and improving market sentiment. ONDO’s price action over the past few months indicates that selling pressure has eased, paving the way for potential gains.
Wedge Pattern Returns: A $3 Breakout in Sight?
More compelling evidence of a possible breakout lies in the weekly chart. Analysts have identified a descending wedge pattern—a bullish technical formation that often precedes upward breakouts. This isn’t the first time ONDO has shown such a setup. A similar pattern in mid-2024 triggered a rally from $0.45 to over $2.00. A repeat could mean ONDO targets the $3 level, which would represent a 250% increase from current levels.
To validate this bullish scenario, ONDO must first overcome resistance in the $1.00 to $1.20 range. A breakout above this zone, supported by strong volume, would serve as a significant confirmation for traders. Should broader crypto market sentiment remain positive, ONDO may receive additional investor support, accelerating its path to $3.
Also Read: ONDO (ONDO) Teeters Below Key Support—Can Bulls Regain Momentum Above $0.94?
Investors Watch for Confirmation Breakout
ONDO’s early recovery signs have not gone unnoticed. The token appears to be transitioning out of its downtrend and into a consolidation phase that could spark renewed momentum. If technical indicators hold and ONDO breaks past key resistance with volume confirmation, a $3 target may be within reach in the near term. For now, all eyes are on the $1.00–$1.20 range as the crucial battleground for bulls.
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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