- ONDO stays strong above $0.67 support, suggesting bullish recovery potential.
- Analysts target $1.15 as the next key resistance zone if momentum sustains.
- A drop below $0.67 could signal retracement toward $0.58 support.
Crypto analyst Ali (@ali_charts) recently shared an insightful chart on X, highlighting a potential recovery for Ondo (ONDO) on its Tether perpetual contract. The chart, spanning from April to October 2025, shows ONDO’s price action with a critical support level at $0.67.
According to Ali, as long as ONDO holds above this threshold, a recovery toward $1.15 appears likely. The analysis comes at a time when ONDO is trading around $0.7151, with a 24-hour trading volume of $180 million, reflecting a 5.25% increase in the past day.
Analyst Perspective: Recovery Eyes $1.15 Resistance
The chart reveals a volatile journey, with significant dips and peaks, but the recent stabilization above $0.67 suggests bullish momentum. This support level has acted as a psychological and technical floor, with buyers stepping in to defend it.
The price sustains above $0.67, the next target of $1.15 could signal a strong upward trend, potentially reigniting interest in altcoins. However, some analysts caution that a break below $0.67 might lead to a drop toward $0.58, adding a layer of uncertainty.
Investor Sentiment and Risk Outlook
Community reactions on X are mixed, with some users optimistic about an altcoin season, while others seek clarity on related assets like APT and DOGE. The current market sentiment, marked by extreme fear per the Fear & Greed Index, could amplify volatility, making technical levels like $0.67 pivotal.
Investors are advised to watch this support closely, as a confirmed break could dictate the short-term direction.ONDO’s performance will be a key indicator of broader altcoin trends. With its current ranking at #42 on CoinMarketCap and a market cap of $2.26 billion, ONDO’s next move could set the tone for the market.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
