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ONDO Consolidation Nears Completion, Potential Breakout to $0.85 in Sight

ONDO Consolidation Nears Completion, Potential Breakout to $0.85 in Sight

Author:

Global Cryptocurrency

Published:

2026-03-02 01:35:08

20

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ONDO News -

Ondo Finance's Ondo token is consolidating just below the upper boundary of its descending channel, signaling a potential breakout. Crypto analyst Butterfly notes a bullish bias in the chart structure, suggesting accumulation may be nearing completion.

A decisive breach of channel resistance could propel ONDO toward the $0.85 target. Market dynamics show strengthening support levels and growing buying pressure, aligning with bullish technical prospects.

Momentum indicators present a mixed picture. The RSI at 50.90 reflects neutral positioning, while the MACD's recent bullish crossover hints at emerging upward potential despite remaining slightly below the zero line.

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