Should You Throw $1,000 Into ONDO Token Right Now? Here's What the Charts Say

ONDO price has gained over 11% in the past day and is now breaking through key resistance for the first time in months. Trading volume has surged more than 50%

ONDO, the token of OndoCoin, has seen better days. After hitting highs of over $1.90 in December 2024, the token has largely trended downward.

However, the tide might be turning. After triple testing a descending trendline and bouncing at key Fib support, the token is finally showing signs of breaking out.

ONDO price is up over 10% in the past day and has now broken through key resistance for the first time in months. Trading volume has also surged by over 50%. At the time of writing, ONDO is priced at around $1.01.

After months of downward pressure, this latest move puts a spotlight on whether this is a real breakout or just another short-lived rally.

Let’s take a closer look at the charts to see if putting $1,000 into ONDO makes sense right now.

ONDO Has Been Held Down By Descending Trendline

ONDO has been struggling to break free from a descending trendline that has been in place since December 2024. This trendline posed a significant barrier, pushing back three major rally attempts.

The first attempt was cut short in mid-January when buyers failed to maintain gains above $1.65. The second rejection occurred in early March as sellers intervened around the $1.10 zone. Finally, a third attempt was stalled in April near $0.95.

Each rejection formed a lower high, indicating that sellers remained in control and pushed back against any sustained upward momentum.

However, after a long period of consolidation below this trendline and fib support, the bears finally lost their grip.

Image Source: TradingView.com

ONDO broke above the trendline on April 24, displaying a large bullish candle that closed above both the trendline and recent swing highs. This breakout was crucial as it signaled a shift in technical favor.

The move was also supported by increased volume, which is another positive sign. After several dull months of low liquidity, traders are now returning to the token, placing larger orders and making a noticeable impact on price.

ONDO Key Support Levels Are Holding, And Structure Is Turning Bullish

Looking below the surface, the token has been forming a strong base. The zone between $0.65 and $0.70 has acted as a key support level since March.

After slipping below $0.65 twice, the token bounced back each time, demonstrating that buyers are active in that range and are stepping in to prevent further declines.

Moreover, the token has now shifted out of its bearish market structure. After forming a lower high at $0.67, the token has since bounced back and printed a higher high above March’s peak at $0.95.

This shift in structure suggests that the trend might be reversing. If the token can manage to stay above the $0.85–$0.87 breakout zone, it could pave the way for further upside.

Next, the token will need to overcome the $1.15–$1.20 zone, which previously acted as a resistance level. If that level is breached, the next targets will be $1.30 and potentially $1.50, where psychological resistance might come into play.

However, if the token drops back below $0.85, then the breakout could be considered failed and sellers may regain control. In that scenario, the $0.65–$0.70 zone will be crucial for buyers to defend if a correction sets in.

ONDO has shown a clear technical breakout and early signs of a trend shift. If price can hold above $0.85 and pushes past $1.15 with good volume, it could trigger a new leg higher.

Until then, the setup offers strong potential but remains at an inflection point. A confirmed move beyond $1.15 would strengthen the case for entering, while a dip below $0.85 could signal caution.