- ONDO price compresses within a symmetrical triangle pattern with converging trendlines and declining volume, signaling the market is preparing for expansion.
- Above $1.05, ONDO will gain impetus toward $1.20, but below $0.95, a move might occur toward $0.85–$0.80 support.
- Flat 9-day EMA and 50-day SMA at $0.975 and $0.964 reveal market indecision as traders wait for directional confirmation.
ONDO is consolidating inside a symmetrical triangle on the daily chart, with price movement tightening between converging trendlines and trading volume fading. Market participants are closely watching for a breakout that could determine the next major swing.
Symmetrical Triangle Signals Market Compression
The ONDO/USDT daily chart illustrates a symmetrical triangle with bumps having smaller highs and larger lows coming into a confined range. This technical construct usually arises when neither the buyers nor sellers are in control which makes the price structure to coil up before a definitive move.
The asset is trading higher than the 9-day EMA at 0.975 and the 50-days SMA at 0.964. The two moving averages are flat though, indicating a very volatile market unsure of which directions to take. The price is consolidating above $0.99 and there is no indication to buy yet.
Alpha Crypto Signal (@alphacryptosign) noted that ONDO volume is tapering off while the pattern matures. Slowing trading activity is also characteristic of consolidation periods and often occurs prior to volatility growth as price breaks out of a triangle.
Key Resistance at $1.05 and Support at $0.95
An upward-sloping close above $1.05 would signal bullish extension, with ONDO headed to $1.20 or above. This projection aligns with the measured move calculated from the pattern’s height. Sustained buying pressure and a volume increase would validate such an advance.
Conversely, a failure to hold $0.95 could trigger downside momentum. In this scenario, ONDO could revisit the $0.85–$0.80 demand zone, which served as a base during July accumulation. Sellers would likely target this area if bearish sentiment strengthens.
Traders are closely monitoring these levels for directional cues. The neutral nature of symmetrical triangles means price can break either way, and market participants will react swiftly once the move begins.
ONDO Price Action in a Make-or-Break Phase
At the moment of writing, the ONDO price is $0.9967, and the 24-hour trading volume is 141 million. Over the past 24 hours, the token has garnered a dull 0.14 percent rise and 0.85 percent loss over the last 7 days.
Repeated defenses of the $0.95 region suggest buyers are active, but no clear trend has emerged. Bulls need to clear $1.05 with conviction, while bears require a decisive close below $0.95 to take control.
With volatility compressed to its lowest levels in weeks, this setup appears ready for a directional expansion. Traders remain patient as ONDO approaches critical support and resistance thresholds that will determine its next major move.
