The price of Ondo (ONDO), the native token of Ondo Finance, has risen by 8.14% in the last 24 hours and has broken through a critical resistance level. It is now trading at $0.9030 on TradingView.
This gain brings ONDO closer to the key price of $1, which is only 11% away. This increase occurs alongside a positive trend in the overall cryptocurrency market. Bitcoin (BTC) has also risen by 3.71%, reaching over $88,000 for the first time since early in the month.
$ONDO Breaks Trading Out of Narrow Parallel Channel
On March 24, 2025, well-known crypto analyst Ali tweeted a statement that has made investors optimistic. He pointed out that the token $ONDO was trading in a narrow range on its 1-hour chart, with a price of $0.8663 at the time.
Ali indicated that if the price broke above the upper limit of $0.89, it could start a “bullish momentum” for the token. His tweet included a TradingView chart depicting $ONDO’s price movements, illustrating the token testing the $0.89 resistance after days of moving sideways.
In technical analysis, a parallel channel shows a period during which the price stays within two parallel lines—one line for support at the bottom and another for resistance at the top.
Ali’s chart depicted $ONDO moving between $0.81 and $0.89 for several days, creating pressure indicative of a possible breakout. His prediction of bullish momentum above $0.89 has now come true, setting up $ONDO to reach the $1 mark.
ONDO Price Prediction: Can It Sustain Momentum Towards $1?
Recent data from CoinMarketCap shows that $ONDO has surpassed the $0.89 resistance level, reaching $0.9099. This marks an 8.14% increase in just one day. The 1-day chart from CoinMarketCap shows a steady price rise, climbing from about $0.84 to its current level.
This breakout supports Ali’s analysis and suggests that $ONDO is targeting the $1 level. Hitting this milestone could draw more interest from traders and investors.
Trading volume has surged by 95.67% to over $121 million, indicating strong buying interest after the breakout.
As $ONDO moves toward $1, investors should watch a few key factors. First, the token needs to stay above $0.89 to confirm the breakout and set this level as new support. If it drops below, it could fall back to around $0.81.
Second, the $1 level is a key level that may attract selling pressure as traders take profits. If $ONDO can break through $1 with strong volume, it could lead to further increases, possibly reaching $1.10 or more.
