- ONDO broke a long-term wedge, signaling a trend shift with $3.2 in sight.
- $1.50 and $1.80 are near-term resistance targets after a clean breakout.
- A rising intraday channel supports ONDO’s climb toward the $0.90 zone.
ONDO signals a bullish reversal following a prolonged downtrend on both macro and intraday timeframes. Analysts now highlight breakout structures, trendline shifts, and resistance retests supporting higher price movement.
Macro Reversal Pattern and Target Projections
The daily time frame confirms ONDO has broken above its long-term descending trendline, signaling the end of bearish compression. The move aligns with accumulation near historical lows and growing upward momentum.
After a sustained downside, ONDO breached the upper wedge boundary. According to Solberg Invest, the breakout followed a 22% price surge, closing near $0.8669. He marked the rebound beginning near $0.65, launching an impulse from the wedge’s lower trendline.
Source: Solberg Invest
The analysis projected a long-term target of $3.2 based on market structure. The breakout path included a brief pullback followed by higher lows. His timespan illustrated a gradual, step-like climb instead of a vertical spike.
Short-Term Structure and Price Targets
Solberg Invest’s second analysis adds perspective on ONDO’s short-term trend. It traced a recovery and breakout in the same descending wedge structure previously discussed. He identified a strong move above the red trendline as invalidation of the downtrend. Key targets of $1.50 and $1.80 were highlighted, based on past resistance. His projection showed a stair-step pattern with short pauses, not abrupt jumps.
An inverted head and shoulders formed before the breakout. Its neckline crossed the falling trendline, adding strength to the breakout level. ONDO rallied from $0.65 and closed at $0.8622 the day of the breakout. Solberg noted $1.50 as the next resistance test, with $1.80 as a follow-up target. Both levels were charted, relying only on ONDO price action; no indicators were included.
Intraday Channel and Near-Term Setup
The latest intraday time frame offers short-term insight through a rising channel formation. This presents a tighter view of the ongoing bullish structure. Analyst LaCryptoLycus examined the 15-minute timespan, showing higher highs and lows since April 7. Price rebounded from $0.685 and continued within parallel channel lines. He identified resistance at $0.7996 and $0.8190, with $0.90 as a potential breakout target.
Source: LaCryptoLycus
LaCryptoLycus observed a steady trendline respect and clean intraday consolidation. A break above $0.82 may push ONDO toward $0.90. His chart reflects strengthening momentum confirmed across multiple timeframes.
