ONDO has quietly stayed on traders’ radars even through a pretty rough stretch for altcoins. After months of selling pressure, the price is finally starting to calm down near a major support area, and the chart is beginning to look a lot more interesting again.

The ONDO price hasn’t gone on a serious run yet, but the structure is tightening up in a way that usually comes right before a bigger move.

On the daily chart shared by Jonathan Carter, the ONDO price has been trading inside a falling wedge for quite a while now. This pattern shows up when price keeps pushing lower, but each move down gets smaller and smaller.

That’s exactly what’s happening here. Sellers have been in control, but they’re losing momentum, and the range is compressing into a tighter channel. Now ONDO is pressing up against the upper edge of that wedge, which is usually the point where things start to heat up. 

These setups don’t stay quiet forever, once price runs out of space, volatility tends to come back fast. Support has also been holding strong around the $0.22–$0.25 zone, and buyers keep stepping in there.

The big level to watch now is wedge resistance just under $0.30. The ONDO price has been grinding right below it, and this is basically the make-or-break area. If bulls can finally push through, the chart opens up quickly. 

The first upside levels traders are eyeing sit around $0.35 and $0.46, which match previous reaction zones. And if momentum really comes back, the bigger targets in the setup stretch toward $0.59, $0.69, and even $0.85.

Of course, nothing is guaranteed. If the ONDO price fails to break out and gets slapped back down, support becomes the key level all over again.

That $0.22 floor is doing a lot of heavy lifting right now. If it breaks, the wedge setup falls apart, and price could slide into another weak leg lower. That’s why this zone matters so much, ONDO is sitting right at a turning point.

Read Also: Here’s the (Ondo) ONDO Price If Tokenized Stocks Just Become DeFi’s Next Big Collateral Boom

At the moment, the ONDO price is stuck in a classic squeeze. Support is holding, resistance is tightening, and the wedge is almost complete. That combination usually leads to a sharp move once the market finally chooses a direction.

If ONDO breaks above the wedge, upside targets show up fast. If it doesn’t, traders will be watching support closely for the next reset. Either way, ONDO isn’t drifting anymore, it’s setting up for a real decision move.

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The post ONDO Price Prediction: This Breakout Pattern Could Send ONDO to $0.85 Next appeared first on CaptainAltcoin.

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