- ONDO price consolidates near $1.08 as $1.20 resistance continues to cap gains, defining the key breakout level for bullish continuation.
- A decisive move above $1.20 could establish support, paving the way for ONDO to advance toward $1.70 with structured stair-step momentum.
- Ondo Finance expands institutional reach as WisdomTree joins its Global Markets Alliance, reinforcing blockchain tokenization standards across financial markets globally.
ONDO price is pressing against a crucial resistance level at $1.20, with traders watching for confirmation of a breakout toward $1.70.
Accumulation Structure Around Key Level
The $ONDO/USDT pair is trading near $1.08, showing repeated tests of the $1.20 resistance. This level has capped upward momentum for months, functioning as a ceiling. Traders view a decisive close above $1.20 as a structural shift in market behavior.
Ali_charts noted that a breakout and confirmation above $1.20 could flip resistance into strong support. Such a move would establish a foundation for price continuation. The chart presents a clean setup suggesting that momentum is building within an accumulation-to-breakout pattern.
Failure to hold above the level could trigger renewed selling pressure. In that case, support zones between $0.95 and $0.92 may serve as the range base. Market participants remain alert to either scenario as ONDO consolidates near its breakout zone.
Path Toward $1.70 Target
Once ONDO clears the $1.20 level, the next key target appears at $1.70. According to Ali’s chart analysis, this zone aligns with liquidity pockets and horizontal resistance observed in earlier trading. The move would represent nearly a 40–50% gain from current levels.
The projection suggests a potential stair-step pattern: breakout, retest, and continuation toward the next resistance. Such structured rallies often strengthen market confidence and invite greater participation. The dotted outline within the chart reinforces this technical scenario.
Volume expansion remains an important condition for this move. Breakouts on strong volume typically signal conviction, while weaker participation may trap buyers entering late. Market structure and trading activity will define whether momentum sustains after a breakout.
Institutional Developments Around Ondo Finance
While traders track ONDO price action, Ondo Finance announced progress on its Global Markets Alliance initiative. The company welcomed WisdomTree, a global asset manager with $131 billion in AUM, into the coalition.
WisdomTree joins exchanges, wallets, custodians, and infrastructure providers supporting standards for tokenized stocks and funds on blockchain. The move strengthens Ondo’s mission to make markets programmable and accessible through tokenization.
The collaboration adds institutional depth to Ondo’s ecosystem at a time when market participants are monitoring critical resistance levels. Both technical setups and strategic partnerships position ONDO in a decisive phase of development.
