🔥 Gate Post Ambassador Exclusive Posting Reward Task Round 4 Is Live!
Not yet a Gate Post Ambassador? Apply now 👉 https://www.gate.com/questionnaire/4937
Join the Ambassador Task and post daily from June 9 to June 15, get your posts rated, and share a $300 prize pool based on your ratings!
🎁 Reward Details:
S-Level Weekly Ranking Reward
Post every day for 7 days with an overall quality score above 90 to qualify for S-Level.
2 outstanding ambassadors will each receive a $50 trading fee rebate voucher.
A/B-Level Tiered Rewards
Based on the number of posts and their quality, ambassadors will
ONDO Finance: Will Tight Consolidation Lead to a Breakout Above $1.00?
ONDO’s tight consolidation above a key trendline suggests a brewing breakout, with buyers consistently defending support.
Price compression within a symmetrical triangle hints at an imminent directional move, especially as selling pressure wanes.
Despite recent rejections, strong fundamentals and consistent buyer defense at $0.72-$0.78 underpin ONDO's quiet strength.
Ondo Finance (ONDO) is holding firm above a long-standing ascending trendline, with price consolidating tightly just below resistance. Traders are closely watching this compression phase as ONDO teeters between renewed upside and deeper correction.
Structure Holds as Price Tightens Between Key Levels
Price action remains locked within a symmetrical triangle that has formed between the March 2024 rising support and the January 2025 descending resistance. This tightening range suggests volatility compression, while a confirmed breakout could fuel directional momentum.
Source: (X)
After the breakout phase failed to extend beyond the $1.10 to $1.30 resistance range earlier this year, ONDO has now pulled back into a well-defined support zone between $0.72 and $0.78. Each prior touch of this demand area in Q2 2025 sparked a bounce, offering buyers a structural foundation. The 2-day chart shows candles holding above the ascending trendline, reflecting bullish preservation of structure. As price coils tighter within this triangle, the lack of high-volume selling pressure hints that sellers may be losing control near support.
Assessing current price behavior, ONDO trades near $0.83 and holds just above the green zone that has triggered multiple recoveries in past weeks. The measured rejections near $1.10 have printed visibly long upper wicks, affirming that sellers remain active near resistance, but have not forced a structural breakdown. Notably, every drop into the green box has been met with buyers stepping in. That speaks volumes about sentiment, even in low-volume environments.
The larger timeframe narrative shows a pullback from January's $2.30 high, but the trendline and base zone remain untouched. That’s critical—because structure defines potential. Traders now focus on the triangle’s apex, where price compression demands expansion. Can ONDO muster enough pressure to push above $1.00 and retest the $1.15 range?
Source: (X)
Momentum Builds Around Critical Confluence
This consolidation phase sits directly at the intersection of the ascending base and descending lid—two forces clashing with increasing frequency. Price has respected both repeatedly, and that confluence now acts as the battleground.
What’s equally important is how volume has compressed along with price. This often precedes sharp moves. With ONDO’s TVL exceeding $1.34B and market cap sitting above $2.6B, strong fundamentals reinforce the structural picture. While protocol fees and growth metrics surge, the chart reflects quiet strength beneath the surface. If this breakout does emerge, ONDO could revisit the $1.15 ceiling—and possibly more.
But if the trendline breaks, what lies below? The $0.65 zone has held for months. That level remains ONDO’s last reliable defense before larger retracements.ONDO’s tight consolidation above a key trendline suggests a brewing breakout, with buyers consistently defending support.
Price compression within a symmetrical triangle hints at an imminent directional move, especially as selling pressure wanes.
Despite recent rejections, strong fundamentals and consistent buyer defense at $0.72-$0.78 underpin ONDO's quiet strength.
Ondo Finance (ONDO) is holding firm above a long-standing ascending trendline, with price consolidating tightly just below resistance. Traders are closely watching this compression phase as ONDO teeters between renewed upside and deeper correction.
Structure Holds as Price Tightens Between Key Levels
Price action remains locked within a symmetrical triangle that has formed between the March 2024 rising support and the January 2025 descending resistance. This tightening range suggests volatility compression, while a confirmed breakout could fuel directional momentum.
Source: (X)
After the breakout phase failed to extend beyond the $1.10 to $1.30 resistance range earlier this year, ONDO has now pulled back into a well-defined support zone between $0.72 and $0.78. Each prior touch of this demand area in Q2 2025 sparked a bounce, offering buyers a structural foundation. The 2-day chart shows candles holding above the ascending trendline, reflecting bullish preservation of structure. As price coils tighter within this triangle, the lack of high-volume selling pressure hints that sellers may be losing control near support.
Assessing current price behavior, ONDO trades near $0.83 and holds just above the green zone that has triggered multiple recoveries in past weeks. The measured rejections near $1.10 have printed visibly long upper wicks, affirming that sellers remain active near resistance, but have not forced a structural breakdown. Notably, every drop into the green box has been met with buyers stepping in. That speaks volumes about sentiment, even in low-volume environments.
The larger timeframe narrative shows a pullback from January's $2.30 high, but the trendline and base zone remain untouched. That’s critical—because structure defines potential. Traders now focus on the triangle’s apex, where price compression demands expansion. Can ONDO muster enough pressure to push above $1.00 and retest the $1.15 range?
Source: (X)
Momentum Builds Around Critical Confluence
This consolidation phase sits directly at the intersection of the ascending base and descending lid—two forces clashing with increasing frequency. Price has respected both repeatedly, and that confluence now acts as the battleground.
What’s equally important is how volume has compressed along with price. This often precedes sharp moves. With ONDO’s TVL exceeding $1.34B and market cap sitting above $2.6B, strong fundamentals reinforce the structural picture. While protocol fees and growth metrics surge, the chart reflects quiet strength beneath the surface. If this breakout does emerge, ONDO could revisit the $1.15 ceiling—and possibly more.
But if the trendline breaks, what lies below? The $0.65 zone has held for months. That level remains ONDO’s last reliable defense before larger retracements.
The post ONDO Finance: Will Tight Consolidation Lead to a Breakout Above $1.00? appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.