- Ondo breaks key resistance, signaling a possible move toward $2 soon.
- Trading volume surges 33%, showing rising interest in the token.
- The token holds strong at $1, eyes next breakout to $1.50.
ONDO is showing signs of strength despite short-term dips, as investor interest and activity continue to grow.
Over the last 24 hours, ONDO has seen a slight pullback, with its price dropping by 6.15%. Over the past week, the asset has been down by around 5.87%. However, this minor decline hasn’t shaken confidence; in fact, current data shows signs of a possible bullish turnaround.
At the time of writing, the token is trading at $1.00, with 24-hour trading volume rising to $222.43 million. This further marks a 7.69% increase in daily activity. The token’s total market value stands strong at $3.15 billion.
Ondo Breaks Key Resistance, Eyes Upside
Crypto analyst Ali (@ali_charts) highlighted that ONDO’s recent breakout above a key price barrier between $1.00 and $1.10 could mark the beginning of a stronger price trend. This level has acted like a ceiling for several months, making the current move an important shift.
After weeks of moving sideways, the token is now showing upward movement, supported by steady buying. Its price is also staying above short-term average ranges, adding weight to the idea that this new trend may hold.
If this current momentum continues, the next target could be $1.50. This level was a past barrier where the price previously paused, making it a natural short-term goal.
If Ondo can stay stable above the $1.10 level, it might consolidate between $1.20 and $1.30 before attempting another big move. From there, a push toward $2.00 is possible, especially if broader market conditions remain stable and supportive.
However, if the token fails to stay above the $1.00–$1.10 range, the price might dip toward $0.94, which could serve as a support level.
Also Read: $1.4B Tokenization Giant Ondo Finance Acquires Oasis Pro for U.S. Expansion
Investor Activity Rising, But Sentiment Cautious
According to data from CoinGlass, ONDO’s trading volume has surged 33.73% to $902.01 million, suggesting more people are trading the token. This rise in volume typically signals greater interest and activity.
However, open interest (the number of active contracts) has fallen by 3.26%, dropping to $486.44 million. This could mean that some investors are stepping back after recent gains or simply taking profits.
A slight rise in the open interest-weighted value (to 0.0051%) shows a modest preference toward continued upward moves, but not aggressively so.
The token price trend is promising as long as it remains above the $1.00 level. With more people trading and watching this token, the journey to $1.50, and possibly $2.00, is still on the table.
Still, it’s a moment that calls for careful watching. While the signals are hopeful, staying updated on market trends and key levels will be important for those following Ondo’s next move.
Also Read: ONDO Price Prediction: Bold Support Indicates Breakout to $2.05
