ONDO Keeps the Market Structure Strongly Bullish
ONDO has a bullish structure with higher lows and higher highs that stay the same, which means that the momentum will stay strong even if there are small pullbacks in the short term. This pattern has made traders feel more confident because they see the trend as a clear sign of strong buyer control across all markets.
With a market cap of $3.38 billion and a price of $1.06, ONDO shows that long-term investors are very interested. The token has gone up almost 18% in the last week, even though it has gone down 3.81% every day. Overall performance backs up the strong market mood.
Breakout Above Resistance Shows That Buyers Are in Charge
Analysts say that ONDO’s breakout above a key weekly resistance level confirms bullish sentiment and a good trading structure. This breakout makes the idea that ONDO’s uptrend is orderly, long-lasting, and supported by active buyers even stronger.
Market experts who closely watched its technical performance said that breaking this barrier was necessary for making more progress. The weekly structure shows that buyers are in charge. As long as key support levels hold up against short-term market changes and corrections, momentum will stay strong.
Technical Framework Suggests Continued Strength For ONDO
ONDO’s technical framework suggests a strong rally is possible, with higher lows and steady breakouts that fit with established bullish continuation patterns. People who watch the market say that traders respect clean chart structures, which makes them believe that the current uptrend will continue.
This kind of orderliness often draws the attention of institutions and new retail investors who want to get in on stable assets that are going up. Strong price behavior makes it more likely that people will adopt it. As investors see ONDO’s momentum, buying pressure could grow stronger during breakout phases above resistance zones.
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Near-Term Price Targets Point Toward $2 Milestone
Hailey LUNC, a crypto analyst, said that ONDO’s immediate goal is $2, which is the first step in its current breakout journey. If this level is reached, it could cause more buying pressure, which would make both long- and short-term traders more sure of their positions.
If demand stays high across exchanges and derivatives markets, the $2 breakout is thought to be possible within the current momentum frameworks. Analysts say that after $2, the next step will be $3. At that point, investor confidence could rise very quickly.
$3 Target Represents Investor Confidence and Continuation
If ONDO keeps getting demand, the next important level will be $3, which would mean a big continuation of its current rally. This goal shows that investors believe in ONDO’s story of long-term growth.
Getting to $3 would not only show that the structure is strong, but it would also make people feel better about ONDO’s role in decentralized finance. Rallies that are based on momentum can get more people interested. These kinds of breakouts often lead to new waves of adoption and media coverage, which boosts confidence among different types of investors.
Key Points from Derivative Market Data: Mixed Feelings
ONDO’s derivative data shows that people are being careful, as open interest fell by 2.80% even though trading volume rose by almost 9% in the same time period. This shows that traders are adjusting their positions while still being confident in the overall bullish trend.
Funding rates are still low at 0.0261%, which shows that the market is balanced and neither bullish nor bearish participants have a lot of power. These kinds of conditions lower the chances of liquidation events. The derivatives market is still supportive but not too hot, which helps keep the economy on a steady path.
ONDO’s Fundamentals Support a Bullish Trajectory
ONDO’s bullish structure, confirmed breakout, and higher-lows trajectory show that it could rise to $2 and then $3. As confidence grows in both the technical resilience and long-term adoption stories, more and more investors are getting involved.
Mixed derivative signals point to cautious optimism rather than too much speculation, which is good for long-term growth. ONDO is still a strong DeFi asset. Momentum is good for buyers, and the overall mood of the market is still bullish.
