ONDO Gearing Up for a Breakout: Will $2 Be the Next Stop?
Hello, Traders!
After rising 250% since November, ONDO dropped 40% from its top and is currently recovering from that downfall.
The ONDO price is approaching its first resistance at the $1.61 level, and if it manages to break through, the road to $2 will be open.
A successful breakout above this level could trigger increased buying pressure, pushing the price toward current ATH.
There is a high chance that we will see this rise in February, especially if BTC.D drops below 57%, signaling a potential capital rotation into altcoins.
Additionally, strong market sentiment and favorable macro conditions could accelerate ONDO growth, making the next few weeks crucial for its price action.
Please don’t forget to boost this idea and leave your comments below.
After rising 250% since November, ONDO dropped 40% from its top and is currently recovering from that downfall.
The ONDO price is approaching its first resistance at the $1.61 level, and if it manages to break through, the road to $2 will be open.
A successful breakout above this level could trigger increased buying pressure, pushing the price toward current ATH.
There is a high chance that we will see this rise in February, especially if BTC.D drops below 57%, signaling a potential capital rotation into altcoins.
Additionally, strong market sentiment and favorable macro conditions could accelerate ONDO growth, making the next few weeks crucial for its price action.
Please don’t forget to boost this idea and leave your comments below.
Note
ONDO price almost fully recovered after the severe crash but started to decline again.
$1.2 support will play a crucial role in price recovery.
Also, BTC.D is at its highest level in four years and it's impossible to predict the alt season until it drops below 57%.
Let's see how it goes.
Note
ONDO continues to consolidate above the crucial support area, which is a positive sign for the continuation of the uptrend. A strong hold above this level could pave the way for further gains in the near term.
Meanwhile, BTC.D has slowly started to decline, which may indicate the potential resumption of an altcoin season. For a more decisive shift in market dynamics, BTC dominance should drop below the 60% threshold, allowing altcoins like ONDO to gain further momentum.
The main ONDO resistance remains unchanged at the $1.6 level.
A breakout above this key level with strong volume confirmation could open the door for a rally toward higher price targets, potentially testing $2 and beyond.
Note
Yesterday, the ONDO price dropped below the support area due to the Bybit hack, triggering a wave of panic selling. However, today the price is showing signs of recovery, suggesting that buyers are stepping back in.
For ONDO, it’s crucial to secure a weekly close within the support area — ideally, even above it — to confirm strength and prevent further downside.
A close below could open the door to deeper corrections, while a reclaim of support might fuel bullish continuation.
So far, ONDO seems to be holding up well, but we’ll need to see how the market reacts as we approach the weekly close. Volume and buyer activity will be key factors to watch.
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✅ FYBIT exchange. I recommend. No KYC, available in all countries. fybit.com/Account/Register/OMNP5
🔥 My Twitter - x.com/Real_CryptoRoy
▶️ Telegram - t.me/Real_CryptoRoy
🔥 My Twitter - x.com/Real_CryptoRoy
▶️ Telegram - t.me/Real_CryptoRoy
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.