ONDO is currently trading around $0.38, up 6.52% today. Buyers are now targeting resistance levels at $0.42, with a potential longer-term goal between $0.60 and $0.65.
ONDO is showing a sharp rebound from a lower support area near $0.20 after recent selling pressure.
The token’s price was hovering around $0.3740 on the daily chart, but buyers managed to bring it back up above $0.30.
This action boosted ONDO’s value by around 88% from its recent lowest point, and traders were monitoring key price levels and market trends to predict where it might go next.
ONDO Price Rebounds From Lower Support
ONDO was recently trading at around $0.38 on Binance, with a daily increase of approximately 6.52%.
I’ve been watching this token, and it just bounced back a bit from around $0.2334. It had been falling pretty quickly before that, dropping all the way down from near $1.09.
Experts believe the price range between $0.30 and $0.20 could be a good area to buy, as it’s near a level where recent buying interest has been strong.
Setup Is Looking INSANE For This Altseason
The price has increased significantly, up 52% since our initial investment and 88% from its recent low. This strong recovery happened after hitting a key support level around $0.20. Interest in Real World Asset (RWA) related projects is growing. The next price target to watch is between $0.60 and $0.65, and breaking through that would be a very bullish signal.
Accumulation Zone: $0.30 -…
— Crypto Patel (@CryptoPatel)
Recent price increases have drawn more attention to ONDO, especially as the market for real-world assets within the crypto space continues to thrive.
Recent trading shows ONDO has seen significant gains, with some traders reporting an 88% increase from its lowest point, while others note a 52% rise from when they first invested.
These numbers come from what traders are saying and looking at in market charts. Think of them as potential trends, not certain predictions.
Fibonacci Levels Show Key Resistance Zones
The chart indicates that ONDO is currently trading below a few important Fibonacci levels. The first major resistance point is at $0.4187, which corresponds to the 0.786 level.
If the price stays above $0.4187 each day, it could start to climb higher. The next significant price level it might struggle to break through is around $0.5641.
Currently, buyers are focusing on the $0.60 to $0.65 price range. If the price rises above this level, it could signal a shift in the market’s short-term trend.
The 0.5 Fibonacci retracement level is around $0.6662, which is near the top of the key resistance area we’re monitoring.
The price seems to be facing some resistance around $0.7684 and $0.8948, with a high end currently near $1.0991.
From my analysis, ONDO needs to see a significant increase in trading volume to convincingly break through to those price levels. If the buying pressure isn’t strong enough, we could see sellers step in before it gets there.
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MACD And RSI Show Strong Momentum
The MACD indicator suggests increasing positive momentum on the daily chart. Currently, the MACD line is around 0.0108, slightly below the signal line at 0.0111.
The histogram is showing positive momentum, indicating increased buying activity. However, the MACD indicator hasn’t yet confirmed this strength with a clear breakout above its signal line.
The Relative Strength Index (RSI) for ONDO is currently at 87.11, indicating the asset is overbought. The RSI signal line is at approximately 64.84.
An RSI reading above 70 often suggests strong buying pressure. However, it can also indicate that the price might soon decrease before continuing to rise.
Traders are keeping an eye on ONDO to see if it can stay above $0.30 if the price drops. A stronger support level is around $0.2334.
Currently, the chart indicates a significant recovery and considerable buying activity. The key challenge remains the $0.60 to $0.65 price range, which could act as a resistance level.
If the price rises above this level, traders will likely look for further gains based on Fibonacci levels. If it fails to break through, the price might fall back down to the $0.30 to $0.20 range.
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2026-05-08 13:36