ONDO mid-range retest: can bulls target $0.295 after consolidation?
AMBCrypto highlights ONDO price action as the token completes a six-week consolidation. ONDO is trading near the middle of a defined range of $0.237–$0.295, around $0.266, after a sell-off that started in October and eased in February.
Data cited from Coinalyze suggests an upward push could resume even after losses on March 27. Open Interest has risen for the past week, and spot CVD is also higher, pointing to renewed speculative and spot demand. The funding rate remains positive, which often accompanies attempts to push prices higher.
However, momentum signals are mixed. RSI stays above neutral (50), and OBV has been trending up, but CMF remains below 0, implying buying pressure is not consistently sustained. Volume signals slightly favor bulls, yet the article notes that when price approached range highs, profit-taking intensified and stalled the move.
Key trading levels mentioned for ONDO: a move toward $0.295 could face selling pressure. A potential retest near $0.23–$0.24 is framed as a possible buy signal, while traders are urged to stay alert to short-term swings.
Overall, bullish catalysts (including a recent Franklin Templeton partnership) have not been enough to change the broader picture. The article characterizes ONDO’s current structure as bear-market consolidation that may be setting up the next move.
Neutral
The article frames ONDO as being inside a well-defined bear-market consolidation range, with bullish derivative demand signals but not enough sustained spot flow to confirm a breakout. Open Interest and spot CVD rising, plus RSI holding above 50, are constructive for a retest toward $0.295. Yet CMF staying below 0 and the repeated mention of profit-taking at range highs suggest rallies may be sold into.
This is similar to past “range-to-break” setups where early speculative build-up (rising OI, positive funding) can lift price temporarily, but the absence of consistent accumulation (CMF < 0) often leads to failure at resistance and a deeper pullback first. Short-term, traders may treat $0.295 as a take-profit/sell-into area and watch $0.23–$0.24 for confirmation. Long-term, if the range holds and accumulation eventually becomes sustained, the consolidation could act as the necessary base for a stronger bull phase; otherwise, repeated rejection would keep ONDO range-bound.