- ONDO is stabilizing around $0.85 after a prolonged correction.
- A descending wedge on the weekly chart signals a possible bullish breakout.
- A breakout above $1.00–$1.20 could open the path toward $3.
- Reduced volatility suggests momentum may be shifting upward.
ONDO is starting to attract renewed interest, with technical analysts pointing to a possible bullish breakout that could push the price toward $3. After peaking above $2.20 in December 2024, the token has gone through a prolonged correction. However, recent price action suggests that ONDO may be stabilizing and preparing for its next move upward.
On the daily chart, ONDO is currently trading around $0.85 and holding steady above a key support level. The price has stopped trending lower in a meaningful way. Over the past few months, the token has been forming a base, showing less volatility and tighter price movements. This kind of behavior often precedes a shift in momentum, particularly if a breakout follows.
ONDO Eyes $3 as Wedge Pattern Reappears
The more telling setup appears on the weekly chart, which shows a descending wedge pattern, a formation that often leads to breakouts on the upside. This is not the first time ONDO has formed such a pattern.
A similar wedge in mid-2024 preceded a sharp rally from around $0.45 to over $2.00. Analysts are now watching for a repeat performance, with a breakout potentially targeting the $3 level, representing more than 250% upside from current prices.
For this scenario to play out, the token needs to break through the $1.00–$1.20 resistance range. A clear breakout, backed by a surge in volume, would be a key signal of strength. Broader market conditions will also be a factor; if sentiment remains supportive across the crypto sector, ONDO may benefit from increased investor attention.
The token is showing early signs of recovery after a multi-month downtrend. If technical patterns continue to hold, and the price breaks out with confirmation, traders could see ONDO aiming for the $3 mark in the near future.
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