ONDO Consolidates Bullishly, Eyes $0.42 Target
ONDO is showing strong bullish momentum, with traders setting their sights on an upside target of $0.4200 as the token consolidates above the critical support level of $0.3850. The current price action suggests accumulation, reinforcing the potential for a continued upward move.
Technical indicators point to oversold conditions, with the weekly RSI at 29.7—a signal of bearish exhaustion. A confirmed rebound from $0.3875 could propel ONDO toward interim targets at $0.3907 and $0.3968. A decisive break above these levels WOULD open the path to $0.4200.
The ecosystem is gaining strength with ONDO's integration of Chainlink, which is bolstering institutional confidence. However, a failure to hold the $0.3850 support level risks a slide toward $0.3768, which would invalidate the current bullish thesis.
