After a correction phase, Ondo shows encouraging signs of interest. Find our complete analysis and the technical outlook for ONDO.
In Brief
- Technical analysis: Ondo is moving in a bullish context, supported by price progress, rising volumes, and a recovering momentum. The bullish trend remains across all time horizons.
- Key levels: Ondo shows bullish momentum above the 0.97 $ support, after a break at 0.95 $, with major resistances at 1.13 $, 1.24 $ and 1.66 $ in sight.
- Derivatives analysis: Ondo experiences renewed interest with an increase in open interest, selling absorption on the CVD, low short-side liquidations, and a neutral funding rate, indicating a balanced yet supported market.
- Forecasts: Ondo maintains a bullish bias above 0.88 $, with a potential of +114 %, but a breakdown could lead to a drop of up to -45 %. Macroeconomic factors will be key.
ONDO Technical analysis
| Indicator | Status | Commentary |
| Spot price | ≈ $0.965 | The market stabilizes around this level after a phase of progression. |
| Last weekly variations | ≈ +21 % | Marked increase over the week, reflecting a strong resurgence of buyer interest. |
| Last weekly spot volumes | ≈557 M (+46 %) | Activity intensifies significantly, signaling stronger market engagement. |
| Long-term trend (SMA 200) | Bullish | The long-term trend remains upward, evolving constructively. |
| Medium-term trend (SMA 50) | Bullish | Progress continues with an ascending structure. The underlying momentum remains positive. |
| Short-term trend (SMA 20) | Bullish | The movement remains upward despite a slight recent pullback. |
| Momentum | Recovery | Oscillators pointing upward, indicating restarting momentum. |
The spot price is around $0.965, stabilizing after a strong weekly rise of +21%. Volumes have significantly increased (+46%), reflecting a resurgence of activity over the week. The underlying momentum is bullish, with trends aligned to the upside across long, medium, and short-term horizons. In the short term, a slight pullback phase is observed, without questioning the overall movement. Momentum is recovering, supported by a gradual restart of the dynamic.
ONDO technical levels
| Indicator | Status | Commentary |
| Resistance | $1.13 / $1.24 / $1.66 / $2.14 (ATH) | Critical zones, potential distribution thresholds. |
| Support | $0.97 / $0.8 / $0.66 | Major defense levels, probable accumulation zones. |
| Last daily breakout | $0.95 | Resistance broken; strengthening of the bullish bias. |
| Monthly pivot point | $0.87 | Reference level for the month’s trend below the price. |
| High value area | $1.32 | Zone of high volume; upper bound of a market balance, beyond which imbalance may emerge. |
| Low value area | $0.87 | Zone of high volume; lower bound of a market balance, beyond which imbalance may emerge. |
Technically, Ondo is trading above several key supports at $0.97, $0.80, and $0.66, which constitute potential accumulation zones. The recent daily breakout at $0.95 strengthens the bullish bias, supported by a position above the monthly pivot point at $0.87. Resistances at $1.13, $1.24, $1.66, and $2.14 (ATH) represent potential distribution thresholds. In terms of market structure, the low value area at $0.87 and high value area at $1.32 define a volume balance, the breakdown of which could cause a new directional imbalance.
The current technical analysis was conducted in collaboration with Elyfe, and 0xhugzer, investors and popularizers in the cryptocurrency market.
Derivatives analysis (ONDO/USDT)
| Indicator | Status | Commentary |
| Open interest | Increase | Speculative activity rising, indicating renewed interest. |
| CVD | Selling absorption | Divergence showing presence of sellers, absorbed by passive buyers. |
| Liquidation | Low, on shorts | Notable short-side liquidations, sign of slight seller capitulation. |
| Funding rate | Neutral | Stable rate: no imbalance between buyers and sellers. No marked speculative excess. |
Ondo shows clear signs of renewed interest, illustrated by an increase in open interest, reflecting rising speculative activity. At the same time, the CVD highlights selling absorption, suggesting that selling pressure is contained by passive buyers, indicating some support strength. Liquidations, although low, mainly affect short positions, possibly indicating slight seller capitulation. Finally, the funding rate remains neutral, signaling balance between buyers and sellers without apparent speculative excess.
| Indicator | Status | Commentary |
| Selling liquidation zone | ≈ 1.208 $ – 1.22 $ / 1.33 $ / 1.35 $ | Concentration zone of orders; reaching these levels could trigger increased volatility. |
| Buying liquidation zone | ≈ 0.83 $ – 0.78 $ / 0.67 $ – 0.70 $ | Concentration zone of orders; reaching these levels could also trigger increased volatility. |
Several selling liquidation zones are identified, the most significant being around $1.208 to $1.22, $1.33 and $1.35. These levels concentrate a high volume of orders and could cause a marked increase in volatility if breached. Conversely, a single notable buying liquidation zone stands out between $0.83 and $0.78, accompanied by a smaller zone around $0.67 to $0.70; reaching these levels could also trigger increased volatility.
ONDO price forecasts
Bullish scenario:
- Conditions: Staying above $0.88.
- Targets: $1.13 / $1.24 / $1.65 / $2.15 (ATH)
- Potential: About +114 % from current level.
Bearish scenario:
- Conditions: Break of support at $0.88.
- Targets: $0.66 / $0.58 / $0.54.
- Potential: Drop up to -45 %.
Commentary:
The bias seems bullish, though a possible short-term correction is not ruled out. Upcoming macroeconomic indicators could play a key role in confirming or invalidating these scenarios.
Conclusion
Ondo shows signs of recovery after a consolidation phase, with a well-established bullish momentum. The market remains supported by renewed interest and favorable technical structure. As long as the main support levels hold, the bias remains upward. Caution is advised in case of a break, especially in the still uncertain macroeconomic context. In this context, it will be essential to closely monitor price reactions at strategic levels to confirm or adjust current forecasts.
Finally, remember that these analyses are based solely on technical criteria, and cryptocurrency prices can change rapidly based on other, more fundamental factors.
Did you find this study interesting? Check out our latest Ethereum analysis.
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Spécialiste en analyse technique, Elyfe décrypte les tendances graphiques des marchés des cryptomonnaies avec une approche rigoureuse et en constante évolution. À travers ses analyses détaillées, il apporte un regard éclairé sur la dynamique des prix, aidant les investisseurs et passionnés à mieux comprendre et anticiper les mouvements du marché.
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