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Key Takeaways:
- ONDO surged 73% after reversing from a major support breakdown.
- Expert predicts 40–50% gains if ONDO closes above $1.20.
- Investor sentiment is overwhelmingly bullish, backed by strong on-chain and trading data.
ONDO Finance [ONDO] has shocked the crypto market with a stunning 73% price surge following a key technical breakdown. After dipping below a vital support level earlier this month, ONDO reversed sharply, forming a bullish pattern that now has traders eyeing a major breakout.
With bullish momentum mounting, analysts and investors are betting on a continuation rally — provided the asset can break through a historically tough resistance level.
Expert Predicts 40–50% Rally if ONDO Breaks $1.20
A widely-followed crypto analyst has weighed in, stating that ONDO’s bullish setup is similar to other pumping utility tokens in the current market. According to the expert, a daily close above the $1.20 level could propel ONDO by 40% to 50%, possibly pushing it toward the $1.60 price target.
As of writing, ONDO trades at $1.07, up 4% over the past 24 hours. Market participants are watching closely to see if it can hold above this level and maintain its upward trajectory.
Traders Flock to Long Positions as ONDO Volume Soars
According to CoinMarketCap, ONDO’s 24-hour trading volume spiked by 60%, indicating rising investor interest. Meanwhile, CoinGlass data shows that 78.68% of Binance ONDOUSDT traders were holding long positions, compared to just 21.32% on the short side — a 3.69x long/short ratio.
0/ The Ethereum Torch is now lit.
— Ethereum (@ethereum) July 20, 2025
The Torch is an NFT honoring the people and values that have shaped Ethereum’s first decade and will help build its future.
It will be symbolically passed from wallet to wallet in the 10 days leading up to Ethereum’s 10 year anniversary. pic.twitter.com/nEIY8JOIna
Adding to the bullish outlook, over $1.2 million worth of the coin tokens left centralized exchanges in the past day, signaling strong accumulation and reduced sell-side pressure.
Technical Analysis: ONDO Faces Critical Resistance Zone
Despite the recent strength, ONDO’s price is fast approaching a historically challenging level. Since early 2025, ONDO has tested the $1.15–$1.20 range multiple times, only to face sharp rejections.
However, this time, the sentiment is markedly different. Multiple retests may have weakened this resistance level, and if the coin manages a daily candle close above $1.15, analysts suggest a potential 38% rally could follow.
Also Read: ONDO Price Surges After Breakout: Will Bullish Momentum Push It to $1.40?
One cautionary note is ONDO’s Relative Strength Index (RSI), which sits at 75, indicating overbought conditions. Still, if momentum continues and bullish sentiment holds, the RSI may not stop further upside.
With ONDO displaying strong bullish momentum, traders are zeroing in on the $1.15–$1.20 resistance range. A breakout here could open the door to a massive rally toward $1.60 and beyond.
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
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
