ONDO Breakout Sparks Fresh Optimism As Traders Eye Return to $1.20 and Beyond

The technicals are shifting. ONDO just snapped a months-long downtrend and traders are watching closely—because if this breakout sticks, the road to new highs might not be far off.

After spending months locked in a descending channel, ONDO/USDT has finally punched through resistance. And this time, the charts aren’t whispering. They’re yelling.

Price Breaks Out of Long-Term Channel, Momentum Shifts

It’s been a rough few months for ONDO. After peaking above $1.20 in December 2024, the token spiraled into a steep correction that lasted all the way through April 2025.

The chart looked bleak. Lower highs. Lower lows. A classic descending channel with no end in sight.

Then something changed.

In late April, ONDO compressed into a tighter formation—a wedge inside the broader channel. On May 7, it finally broke out. That wasn’t just a wiggle. It was a full-on breakout, with high-volume green candles lighting the way. Price surged from the low $0.80s and now trades around $0.95.

That’s not euphoria. But it’s the first real sign of life in a while.

Technicals Paint a Bullish Picture for ONDO

The current setup is getting analysts excited, and for good reason. A double breakout like this—out of both a wedge and a descending channel—isn’t something you see every day.

The real kicker here? Volume. That breakout came with real conviction. A sudden surge of buying pressure accompanied the move, suggesting it wasn’t just speculative fluff.

And now, ONDO is retesting the $0.90–$0.95 zone. This area was resistance. Now it’s possibly turning into support. If buyers step in here, the next move could be fast.

• $1.20 – the December 2024 high – is the first natural target
• $1.70 – a 1.618 Fibonacci extension
• $2.40 – full extension, if the trend goes vertical

Traders often use these Fibonacci levels to gauge sentiment and potential upside. But more importantly, they tell a story about how far momentum can stretch once things get going.

Market Wants a Daily Close Above $1.00

All eyes now are on one key level: $1.00.

This isn’t just psychological. It’s also a point of structural resistance that previously rejected price several times. A clean daily close above this line would confirm bullish continuation, signaling to sidelined buyers that the breakout is for real.

But let’s be clear—this level has teeth. ONDO has flirted with it before and backed off. So while the trend is shifting, there’s still work to do.

A rejection at $1.00 wouldn’t kill the rally. But it might delay it. A minor pullback to retest $0.90 again wouldn’t be surprising. What matters is whether buyers step in—or leave it hanging.

This next move? It’s crucial.

The Bigger Story: Real-World Assets and Institutional Eyes

Zoom out from the chart, and ONDO starts to look even more interesting. It isn’t just another token chasing hype. It’s part of the real-world asset (RWA) wave that’s gaining serious traction in crypto circles.

Institutions are hunting for compliant ways to tokenize traditional assets. ONDO is right in that mix. Just weeks ago, it presented a proposal to the U.S. SEC—pitching a model for tokenized securities. That’s not speculative talk. That’s knocking on regulatory doors.

It’s also already building. ONDO has been active in structuring tokenized treasuries and other yield-bearing instruments. That’s the kind of stuff TradFi pays attention to.

Investors are taking notice. Not just retail folks, but institutional desks looking for on-chain yield and tokenized liquidity.

Here’s a quick comparison of tokenized RWA projects with ONDO in the spotlight:

What Traders Are Watching Next

Let’s not forget—momentum in crypto can flip fast. But ONDO’s got a few things working in its favor now:

1. Structural breakout from a well-established channel

2. Retest of key levels with increasing volume

3. Strong narrative around RWAs and institutional crypto

One sentence, though, is on repeat among traders: “Watch the daily close.”

Seriously, it’s all about that $1.00 mark.

If ONDO clears it and holds? Doors open. Not just to retest December highs—but possibly to blaze right past them.