ONDO is repeatedly fluctuating, creating opportunities. Can it restart the upward trend?

Current Situation: Prices Under Pressure but Support Remains Steady

Ondo Finance (ONDO) has been oscillating around $0.38 recently, with a decline of -6.05% over the past 24 hours and a total drop of -7.10% over the past 7 days. Market enthusiasm has also cooled — 24-hour trading volume is only $1.64M. Despite the sluggish data, interestingly, the price has never broken below the key support zone, which is an important sign of a market bottom.

Investors seem to be showing buying strength at this level. Although bears are still dominant, they haven't completely suppressed market sentiment. This "pressure but no break" pattern often indicates that the next upward wave may be brewing.

Technical Highlights: Accumulation Within a Downtrend Channel

From a technical perspective, ONDO is currently showing clear signs of accumulation within a 3-day timeframe downtrend channel. Market observers point out that the bulls are slowly but steadily accumulating positions. If this momentum can be sustained and strengthened, it will lay the foundation for a significant upward surge.

The key question is: can it break through the downtrend channel? Once successfully broken, technical charts suggest ONDO could challenge the target above $1.70. This forecast is based on two points: first, the accumulation pattern is becoming clearer; second, market participants' confidence is gradually recovering.

Of course, trading within the channel also carries risks — if it fails to break out effectively, a reverse breakdown could lead to sharp volatility.

Outlook for 2025: Imaginative Space for Stepwise Rise

According to market data analysis, ONDO is expected to gradually challenge the mid-term equilibrium range of $0.58-$0.68 within the year, serving as an important relay from the bottom rebound to the previous high. More ambitious predictions suggest that ONDO might reattempt its historical high of $2.15 during the trading cycle.

All of this depends on the market having sufficient upward momentum to support it. Currently, investors are cautious but not pessimistic about the long-term outlook — this "waiting for a breakout" mentality is common at the bottom and often a sign of a reversal.

In any case, the current vicinity of $0.38 is becoming a position worth watching: support below, room above.