- $ONDO is stuck between strong support at $0.87 and resistance near $1.10 since early 2025.
- A bullish pennant on the daily chart points to a possible 20% price jump soon.
- Momentum tools show the market is balanced, with steady volume during big price moves.
ONDO trades near $0.95, caught between strong support at $0.87 and a descending resistance line. Momentum is rising as traders watch closely for a breakout. A move above resistance could trigger a sharp 20% rally. The market buzzes with anticipation—are ONDO bulls ready to charge?
Bullish Pennant Taking Shape on the Daily Chart
As at press time, $ONDO is trading at $0.9405. The price rose 0.38% in the last day and gained 0.06% over the past week.Looking at the daily chart, $ONDO is forming what traders call a bullish pennant. This happens when the price squeezes between a falling resistance line and solid support. The resistance starts around $1.15 and $1.10, and $ONDO has tried but failed to break above it a few times since July. 
Source BullifyX
Support around $0.87 has held up well.Price has bounced back each time it has dipped near this level. This pattern shows that buyers and sellers are in a tug-of-war. If $ONDO breaks above that resistance line near $1.10, it could push the price up by about 20%, aiming to hit past highs.
Trading in a Defined Range for Months
From the start of 2025, $ONDO has been moving between $0.70 and $1.10. The lower level near $0.87 is acting like a safety net, stopping the price from falling further. The top near $1.10 is a ceiling that keeps pushing the price back down.
Currently, $ONDO sits around $0.95, stuck in this range. The 50-day moving average is right near this price, adding extra support and resistance. Volume picks up during big price moves, showing traders pay attention to these key levels.
Momentum Tools Show Cautious Trading
Momentum indicators for $ONDO reveal a balanced market. The MACD is near zero, this shows that buying and selling pressure is equal.The RSI hovers around 49, showing the token is balanced—not overbought or oversold.
The market remains cautious, awaiting a clear signal before taking action. Trading volume spikes sharply during big price moves, showing traders react fast at key support and resistance zones.
Source CryptoRank
$ONDO is clearly in a phase of waiting. The price is tight inside a pattern that often leads to a breakout. Watch the $1.10 resistance level closely. Breaking that could push $ONDO up about 20%, as it tries to reach earlier highs. Until then, expect the price to keep bouncing between support and resistance.
