ONDO Price Holds the Line—Could It Skyrocket from Here?

ONDO is maintaining a bullish market structure, with price action forming a clear pattern of accumulation, breakout, correction, and potential continuation.

Crypto analyst Alex Clay (cryptclay) shared his analysis on ONDO’s price movement, highlighting its resilience above a critical support level. According to Clay, if ONDO manages to hold above this key support zone, a continuation of the rally is likely.

Clay noted a well-defined Falling Wedge accumulation phase in ONDO’s price history, which lasted from March to November 2024. This pattern, typically a bullish reversal signal, resulted in a strong breakout in November, confirming a shift in trend.

ONDO Structure is bullish as hell?

Falling Wedge accumulation → Breakout Rally → Correction → Resume the Rally

I like how $ONDO kept it above the Key Zone?

So this consolidation will lead to the more upside? pic.twitter.com/FD5eUrGnaB

Following the breakout, ONDO experienced a significant rally throughout December, breaking multiple resistance levels. Clay pointed out this strong buying pressure in the upward movement, reinforcing the bullish outlook.

After peaking above $2.00, ONDO entered a correction phase in January 2025, a normal occurrence in strong uptrends. The price retraced into the $1.10 – $1.30 range, which had previously acted as resistance but now serves as a key support zone.

Clay noted that ONDO briefly wicked below this range but quickly recovered, suggesting a liquidity grab before resuming its uptrend. The price consolidation within this zone indicates strong demand, reinforcing the likelihood of a continuation to the upside.

At press time, ONDO is trading at $1.34, consolidating near the support range. Resistance levels to watch include $1.50 – $1.55 in the near term, with historical price levels around $1.80 – $2.00 acting as the next major targets.

Clay highlighted the importance of holding above this key support zone for the next rally phase. A successful breakout above $1.50 could drive ONDO towards its previous all-time high (ATH) of $2.14 and beyond. Despite a 0.98% decline in the last day and 3.95% over the past week, ONDO’s overall market structure remains bullish.

According to CoinGecko, the token’s daily trading volume stands at $365.6 million. Analysts, including Clay, believe that as long as ONDO maintains its current support levels, a breakout rally is likely in the coming weeks.