- ONDO price is consolidating above $0.85, a key support zone.
- A breakdown under $0.85 could send ONDO to $0.68.
- Resistance sits near $1.10–$1.15 if $0.85 holds strong.
ONDO price is at a critical junction as it approaches the $0.85 support zone which has served the function numerous times being used as a floor by buyers. When this critical point is hit, the token may turn back to $0.97 and even $1.10. But any fall below $0.85 could affirm the bearish movement, and the fall could go to $0.68. The next big trend of ONDO will depend on the days ahead.
ONDO at a Make-or-Break Level: Can $0.85 Hold or Will Price Slide Toward $0.68?
According to a chart shared by Ali Chart on X, there is a serious technical setup with the token coalescing around a major support level. ONDO price is currently trading at about $0.90, just above the $0.85 support zone, which has in the past months proved to be a key demand area. As Ali writes ONDO may backtrack to $0.68 when the $0.85 support is breached! This raises the question:
In retrospect, the floor of the $0.85 has continuously been used to cushion declines and the floor has also initiated rebounds. In case buyers protect this area again, ONDO price might seek to take on the $0.93-0.97 area anew, and given sufficient momentum, might challenge the big resistance zone around $1.10-$1.15. A decisive close above that resistance would turn the bigger trend bullish and allow it to head to higher targets.
On the other hand, a loss below $0.85 would be technically important. This breakdown may lead to a surge of selling pressure with the next firm support of around $0.68, a position which falls within the boundaries of historical price responses and consolidatory areas. This situation supports Ali chart bearish forecast, which implies that ONDO price can experience a further decline in case of further demand drop.
ONDO price is on a make or buy level. Maintaining above $0.85 would create a recovery up to the point of resistance, however, losing it would create a decline to $0.68. Ali notes that traders must be attentive to the nature of the price at this critical support since it is probably what determines the next key step of ONDO price.
Read Also:
