ONDO poised to launch: Bull and bear forces play out at key levels

ONDO’s current trading price is $0.40, down 0.39% in the past 24 hours, with a 7-day decline of 0.16%. The latest data shows a 24-hour trading volume of $1.43M, indicating a slight cooling of market activity. Despite short-term pressure, on-chain indicators and technical patterns reveal interesting signals of energy accumulation.

Random Walk in the Downtrend Channel: Bulls Laying Low

According to on-chain analysis, ONDO is currently in a critical consolidation phase within a daily-level descending channel. Market participants generally observe that buying strength continues to gather near support levels, suggesting that the bulls have not given up. Analysts point out that the current buildup process resembles a “random roulette” style market game — before the direction is confirmed, the price repeatedly probes within a specific range.

From a technical perspective, if buying enthusiasm persists, ONDO could break through the psychological barrier at $1.70. This forecast is based on observed accumulation phenomena and a gradual shift in investor sentiment. Although volatility remains, confidence is recovering. However, analysts also warn that a breakout or breakdown within the descending channel could alter the subsequent market structure, requiring close monitoring of critical levels.

Long-term Outlook: Can $0.68 Become a Mid-term Hub?

Looking at the full year of 2025, market experts expect ONDO to potentially reach the $0.68 mark by the end of the year, representing an effective recovery from recent lows. More aggressive predictions suggest that the token might challenge its historical high of $2.15 in the upcoming cycle (adjusted to the latest ATH data).

Based on market expectations, the mid-term stable price range should be between $0.58 and $0.68. Investor sentiment is shifting from cautious observation to cautious optimism, reflecting a reassessment of ONDO’s long-term development prospects and profit potential. The current decline is viewed by some participants as a strategic accumulation opportunity rather than a trend reversal signal.

In the short term, attention should be paid to trading volume. Once a volume breakout occurs beyond the current resistance zone, the rebound target could directly aim for the previous resistance around $0.42, paving the way toward higher targets.