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ONDO Consolidates in Descending Channel, Analyst Eyes $1.70 Breakout Target

ONDO Consolidates in Descending Channel, Analyst Eyes $1.70 Breakout Target

Author:

Global Cryptocurrency

Published:

2026-01-01 07:04:09

10

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ONDO News -

Ondo (ONDO) is currently trading at $0.3780, marking a slight 0.24% decline over the past 24 hours with a trading volume of $43.02 million. Despite a 2.89% weekly dip, on-chain analysts note that firm support levels are holding, suggesting strategic accumulation is underway in anticipation of a bullish reversal.

Technical analysis by Butterfly highlights ONDO's price action consolidating within a descending channel on 3-day charts. 'Bulls are accumulating heavily here,' the analyst observes, projecting a significant breakout toward the $1.70 level if the current accumulation momentum is sustained.

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