ONDO Faces $1.16 Rejection—Temporary Dip or the End of the Rally?

ONDO's bullish momentum just hit a wall at $1.16. Now traders are scrambling to figure out if this is a healthy pullback or the start of a deeper correction.

Price action turns cautious

The token's rejection at $1.16—a key psychological level—has triggered profit-taking after its recent surge. Volume patterns suggest some exhaustion, but the underlying bid remains strong.

Macro factors at play

With the Fed still playing inflation whack-a-mole (badly), crypto markets remain jittery. ONDO's fundamentals haven't changed—just another day in crypto where technicals outweigh common sense.

What's next for ONDO?

Watch the $0.90 support like a hawk. Hold there, and this could be just another buying opportunity. Break it, and well... welcome back to crypto winter. Either way, someone's getting liquidated—because what's decentralized finance without a little pain?

• ONDO broke above $0.90 and touched $1.16 before dropping over 10% in 24 hours.
• The $1.12–$1.17 zone is packed with liquidations, creating strong resistance ahead.
• ONDO is holding above a rising trendline; staying above $0.90 keeps the bullish setup intact.
• A stable consolidation around $1.00 could trigger a fresh push toward $1.20–$1.25.

ONDO witnessed a strong rally in recent weeks, breaking above the $0.90 resistance and touching a local high NEAR $1.16. However, the momentum faded quickly as the price reversed sharply, shedding over 10% in the last 24 hours. The token is currently trading at around $1.02, raising concerns about whether this pullback signals a short-term top or a healthy correction before another move higher.

ONDO Eyes $1.25 If Bulls Rebound

The daily chart highlights the recent breakout above the key $0.90 resistance zone, which had acted as a cap throughout June and early July. Following this breakout, ONDO pushed toward the $1.15–$1.20 area, a region aligned with both previous highs and horizontal resistance. However, it failed to close above this level, forming a long wick and a subsequent red candle, indicating strong rejection.

The token now sits just above a rising trendline that has acted as dynamic support since mid-June. The trend remains bullish as long as this line holds, and the support zone between $0.85 and $0.90 remains intact.

A breakdown below $0.90, however, WOULD invalidate the bullish setup and shift focus to $0.85 as the next key level. Upside targets remain at $1.20 and $1.25 if bulls regain strength and reclaim the recent highs.

ONDO Liquidations Stack at $1.12–$1.17

The Binance liquidation heatmap offers insight into leverage activity and potential pressure points. A dense band of liquidations can be seen between $1.12 and $1.17, this is where many long positions were likely wiped out as the token fell from its local high. The presence of yellow and teal lines in this range highlights heavy liquidation density and leverage interest.

Interestingly, there are fewer liquidation clusters near the $1.00–$1.02 range, suggesting the current zone is less crowded and more stable. If Ondo consolidates here, it could attract spot buyers and low-leverage entries, potentially setting up for another push toward the $1.15+ levels.

Rally Possible If Price Holds and Volume Builds

If ONDO manages to climb again, it will need to overcome the liquidation-heavy band between $1.12 and $1.20, a key resistance wall filled with stop-losses and trapped liquidity from Leveraged positions.

ONDO’s recent price action shows a strong breakout followed by a necessary cooldown. While the short-term trend has pulled back, the larger bullish structure remains valid above $0.90.

The liquidation heatmap confirms that $1.15–$1.20 is a tough resistance zone due to recent wipeouts. Consolidation above $1.00 with stable volume could prepare the ground for another rally attempt.