ONDO Price Poised for 16% Rally to $1.10 After Bullish Breakout
ONDO price surged 6% amid altcoin market weakness, breaking out of a falling wedge and surpassing the critical $0.95 resistance. This bullish breakout was accompanied by a 9/15 EMA crossover on the four-hour chart, driving a 45% spike in trading volume and signaling strong upside momentum.
If ONDO price holds above $0.95, technical analysis points to a 16% upside target at $1.10, with the next resistance zone aligned at that level. On-chain data from CoinGlass shows a Binance ONDO/USDT long/short ratio of 2.60, with 72% of traders in long positions. This elevated trader sentiment, combined with rising altcoin trading volume, underpins a potential rally in this altcoin.
Traders should monitor the $0.95 support—any drop below could invalidate the bullish view. Additionally, Ondo Finance’s upcoming launch of over 100 tokenized stocks and ETFs may further boost market interest. Overall, technical indicators and positioning suggest a bullish forecast for ONDO in the near term.
Bullish
The categorization is bullish due to multiple converging technical signals and trader sentiment. ONDO’s breakout from a falling wedge and the 9/15 EMA crossover mirror past altcoin rallies—such as SOL’s surge after a similar wedge breakout—where sustained volume increases confirmed momentum. A 45% jump in trading volume and a long/short ratio of 2.60 with 72% long positions on Binance underscore robust bullish sentiment.
In the short term, holding above $0.95 support is critical; if maintained, the path to the $1.10 resistance zone remains clear. In the medium to long term, Ondo Finance’s expansion into over 100 tokenized stocks and ETFs could attract fresh capital and institutional interest, further underpinning price appreciation. Overall, the combination of positive technical patterns, on-chain metrics, and upcoming product launches point to an overall bullish outlook for ONDO.