- Analysts predict ambitious ONDO targets between $8 and $10 despite the recent pullback.
- ONDO faces immediate support near $0.48, with resistance around 0.55–0.60.
- A reported two-year falling wedge breakout has strengthened bullish expectations.
ONDO price hovered near $0.49 on October 11 after retreating from a recent high around $0.60. The pullback hasn’t stopped several crypto analysts from setting ambitious targets. MikybullCrypto sees a potential climb to $8, while Crypto Patel projects $10. Yet current trading levels, momentum readings, and nearby resistance suggest the market still faces important tests.
ONDO Price Draws Bold Forecasts Despite Recent Market Pullback
MikybullCrypto proposed an $8 bullish target, using urgent language to describe the setup. Crypto Patel pointed to a reported 174% advance from his 0.20–0.27 entry range. He placed an initial target at $5 and a longer-term goal at $10.
Another chart analyst, el_crypto_prof, argued that ONDO had broken out of a falling wedge spanning roughly two years. In technical analysis, that pattern can signal easing selling pressure. A retest may help validate the breakout, but the formation does not guarantee a continued advance.
Those targets remain opinions, not established price forecasts. At about $0.49, ONDO price would need to rise more than sixteenfold to reach $8. The gap underscores how far the token remains from those bullish projections.
Support and Resistance Levels Define the Next Market Test
Recent market data offers a more immediate test. A daily RSI near 54 on October 11, compared with the earlier chart reading of 59.76. The indicator suggests momentum has cooled rather than reached clearly overbought conditions.
ONDO price is close to support around $0.48. CoinMarketCap also identified $0.48 as an important short-term level. A sustained decline beneath that area could expose $0.46, while a rebound must first clear 0.50–0.52.
A stronger recovery would then face the 0.55–0.58 supply zone and the recent $0.60 high. Rising trading volume could strengthen a breakout case. Without that confirmation, ONDO price may remain vulnerable to swings between support and resistance.
October 11 technical snapshot placed immediate resistance near $0.505 and support at $0.483. ONDO price also remained below its next reported resistance around $0.518. The service placed a second support near $0.463, a level traders could monitor if the consolidation range breaks.
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.
