ONDO Finds Its Floor: Technical Setup Points to $1.18 Rally Target

After a period of volatility, ONDO appears to have carved out a solid base. The consolidation at a key support level is flashing a classic technical signal—one that traders are watching for the next leg up.

The Mechanics of the Move

It's not magic; it's momentum meeting a floor. The asset's price action suggests the selling pressure has been absorbed at this level, creating a springboard for buyers. Historical patterns indicate that when an asset stabilizes like this after a pullback, the subsequent move can be powerful.

Target Locked

The chart points to a clear objective: $1.18. This isn't a random number pulled from a hat—it aligns with a significant prior resistance zone that now acts as the next logical target for the rally. Reaching it would mark a substantial gain from the current stabilization point.

The Trader's Dilemma

Of course, in crypto, a 'solid base' can sometimes feel like quicksand dressed up as concrete. The setup is compelling, but it hinges on the support holding. A break below this level would invalidate the bullish thesis faster than a Wall Street analyst backpedaling on a bad call.

The path to $1.18 is now technically mapped. Whether ONDO's engines are primed for the journey—or if this is just another fakeout in a market that loves them—remains the multi-million dollar question.

Regulatory Clarity Boosts Confidence

The U.S. Securities and Exchange Commission (SEC) has officially concluded its two-year review of ONDO Finance without filing any charges. This decision removes significant uncertainty surrounding the project and reassures investors of its compliance with current financial regulations.

SEC CLOSES TWO-YEAR INVESTIGATION INTO Ondo FINANCE $ONDO WITHOUT CHARGES pic.twitter.com/uYcYJc8Xbc

The closing of the investigation means that Ondo has finally cleared the first hurdle in its growth and development and can now concentrate solely on growth and innovation. The growth and expansion of the platform’s real-world assets and institutional partnerships will be directly informed by the regulatory environment that has been cleared for the project to operate in.

Price Faces Resistance Despite Mild Recovery

Despite the positive news, the weekly chart for the token is still oriented towards a downtrend. Since September, the token has maintained a pattern of lower highs and lower lows, demonstrating an ongoing pressure to sell the token. The current candle indicates a slight correction at $0.479, but the prevailing trend is negative.

The price continues to hover NEAR the lower Bollinger Band at $0.391, a level that has become an important support zone along with $0.360. ONDO may pause or consolidate here before choosing its next direction. All upward efforts will face initial resistance at $0.550 and subsequently a stronger level at $0.787. These levels must be overcome before confidence improves.

ONDO still has several heavy resistance layers overhead, including EMA20 at $0.715, EMA50 at $0.825, and EMA100 at $0.885. Clearing these WOULD be the first clear sign of changing momentum. If buyers regain control, upside targets include $0.55, $0.715, $0.787, $0.885, and the bigger upper-band target near, the chart’s final major resistance.