ONDO Surges as Crypto Market Strengthens: $8 Target Now in Sight
Another altcoin breaks formation as the broader market finds its legs. ONDO isn't just riding the wave—it's helping to create it.
The Momentum Play You Didn't See Coming
Forget the slow grind. This is a classic momentum surge, fueled by a market-wide shift in sentiment. Traders are rotating out of safety plays and back into growth narratives, and ONDO's structure is catching the bid.
Why $8 Isn't Just a Pipe Dream
The target isn't pulled from thin air. It's a technical magnet, a price level where historical resistance flips to potential support. Reaching it would mark a significant revaluation, the kind that turns cautious watchers into fervent believers—at least until the next drawdown, because in crypto, euphoria is just the prelude to panic for the latecomers.
Active accumulation is cutting through the noise, bypassing the weak hands that folded during the last consolidation. The chart isn't whispering; it's shouting a trajectory that, if sustained, redefines the project's near-term ceiling.
So watch this space. Another 'fundamentals-be-damned' price run is underway, proving once again that in digital asset markets, the most sophisticated analysis sometimes just confirms which way the herd is already charging.
ONDO Struggles Near Channel Resistance
Analyst CryptoPulse highlighted that ONDO is still trading within a downtrend channel. Since the last decline, this structure has dominated the price action, with the channel resistance limiting each recovery. Although the sequence of candles is increasing, analysts suggest that the larger formation is bearish until a decisive breakout.
The recent increase is more like a relief rally and not a structural change. ONDO is not trading above the major channel high of around $0.485, and the overall trend remains intact. The traders are still paying attention to the price’s reaction toward this resistance range.
Analysts also indicated active downside levels of the current setup. A fair value gap of around the $0.40 region is consistent with previous liquidity zones and consolidation areas. A re-entry into this territory WOULD be in line with the general channel pattern and the larger market structure.
Additionally, another analyst, crypto Patel, mentioned an important Fibonacci demand zone. ONDO is still trading above the 0.786 retracement level. Such a range is between $0.45 and $0.35 following a deep correction. Technically, the price action in this area has been important.
The range of accumulation has been determined to be between $0.45 and $0.35. There is a more profound demand zone between $0.30 and $0.25. The larger structure remains intact above the $0.25 level. These levels still lead to a higher timeframe analysis.
A breakout can occur once the structure shifts on higher timeframes. Patel provided long-term upside targets at $1, $2, $4, and higher than levels at over $8. This structure relies on the demand areas holding and the structure staying intact.
RSI and MACD Indicate Strengthening Market Momentum
The Relative Strength Index was at 57.34, while the average RSI was at 42.24. Readings indicated acceleration in momentum and steady purchaser activity. It also suggested that ONDO could either MOVE forward or return to the starting position.
The MACD value was 0.0137, with a signal of -0.0048 and a histogram of -0.0185. This setup was an earlier sign of a move higher, not the beginning of a new trend. Analysts noted that the signals appear to be bullish on improvement, but stronger follow-through would likely confirm a reversal.
