ONDO at a Bullish Crossroads After Trendline Breakout With Targets Up to 400%

By: cryptosheadlines|2025/05/09 23:15:05

Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com ONDO broke long-term resistance at 0.8800 USDT, flipping it into support and setting up for a possible 70% rally.Weekly charts show ONDO climbing within a rising channel, supported by higher lows and an RSI trendline breakout.Analysts see ONDO aiming for 1.4722 and 3.0089 USDT, with price strength backed by visible accumulation and trendline flips.ONDO has shown signs of a structural reversal following a breakout above long-term resistance. Analysts now suggest bullish momentum is building, supported by trendline shifts and price rebounds.Breakout Pattern Signals Technical ShiftRecent technical patterns suggest ONDO has exited a descending structure and could be gearing up for major upside. The ONDO price appears to have flipped former resistance into new support, confirming a momentum reversal phase with bullish implications. A visible accumulation zone supports the current trend, with projections pointing toward aggressive moves.After assessing ONDO’s daily structure, analyst Crypto General has provided insights into recent movements. He noted the price broke a multi-month descending resistance trendline at the start of May. This shift followed months of sustained downward pressure between February and April. According to him, the price then rebounded on the retest, forming a solid support base above 0.8800 USDT.Source: Crypto GeneralThe chart highlighted a previous price floor near 0.5494 USDT, a zone that acted as a consolidation range. The closest visible resistance stands at 1.4722 USDT, where ONDO previously stalled in Q4 2024. Beyond this, the next level sits around 6.0483 USDT, a peak value that marks the chart’s upper boundary. He added that ONDO could rally nearly 70% toward 1.4722 and as much as 400% if the breakout sustains toward the 4.5000 region. His forecast curve extends into Q3 2025, reflecting a potential altseason breakout.Rising Channel Aligns with Hidden Bullish DivergenceA second analyst has presented a comparative analysis using a weekly chart to emphasize ONDO’s longer-term structure. His insights show bullish strength building inside a rising channel, supported by trendline convergence and RSI breakout signals.X Finance Bull has presented a weekly chart analysis of ONDO on the MEXC exchange. According to him, ONDO held a major buy zone between 0.7923 and 0.8925 USDT. This area has supported price action since early 2024, with repeated rebounds confirming accumulation. The chart also shows a rising parallel channel with consistently higher lows.Source: X Finance BullThe analyst pointed to resistance targets at 2.1554 and 3.0089 USDT, where the price may face rejection. The RSI recently broke above a descending trendline, indicating strengthening bullish momentum. He believes ONDO remains early in its RWA-driven cycle and continues to track toward the upper resistance boundary.Source link

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