ONDO Challenges Key $0.80 Resistance as Bullish Signals Emerge

ONDO, the native token of ONDO Finance, is approaching a critical technical juncture as it tests resistance at $0.80—a level coinciding with the 200-day exponential moving average. A decisive breakout could propel the token toward its next target at $0.92, according to market analysts.

The token has formed a bullish reversal pattern despite a modest 1.77% dip in recent trading. Trading volume remains robust at $180.54 million over 24 hours, with a market capitalization of $1.09 billion. Macro tailwinds add conviction to the bullish case: ONDO's positive correlation with M2 global liquidity suggests broader monetary conditions may support further upside.

Crypto analyst AltWolf identifies the $0.80 level as pivotal. "A clean break above the 200-day EMA on daily charts opens the path to $0.92," the analyst noted, while cautioning that rejection at this level could trigger a retracement.