ONDO Surges 11%, Is $2 the Next Stop on Its Rally?

• ONDO is trading around the $0.99 mark after an 11% jump.
• The daily trading volume has surged by over 123%.

The recovery attempt of the crypto market didn’t carry over to the following days. A brief uptick of 0.94% kept the market cap steady at $2.93 trillion. Notably, Stacks, Sui, and Helium hold the top 3 gainers spot, jumping in double-digit gains.

ONDO, being one of the trending coins, has surged by over 11.93% in the last 24 hours. The asset has broken the crucial resistance levels at $0.94 and $1 to mount towards the daily high of $1.04. Before the arrival of bulls, the asset traded at a low of $0.8678

The ONDO’s surge triggered it to trade around $0.9954, with a market cap of $3.14 billion. Its daily trading volume has increased by over 123% to $466 million. In addition, $1.86 million worth of ONDO has been liquidated in the market.

Can ONDO Hold Steady Above the $1 Threshold?

The ONDO/USDT pair shows a bullish pattern on the four-hour charts after a potential reversal of the recent downtrend. After a series of red candle emergence, the green candle has lit up, reflecting a positive signal. The price could push to the $1 mark if the mighty bulls persist

Contrarily, if the price graph prints a red picture, it is typically a bearish signal. ONDO should break above the $1.10 and $1.25 ranges to escape the potential bearish pressure. A failure to sustain the $1.04 level could invite a downside correction.

*ONDO chart (Source: TradingView)*The asset’s MACD line crossing above the signal line is considered bullish, indicating positive momentum and price surge. ONDO’s CMF reading of 0.16 suggests buying pressure and signs of accumulation within the market

*ONDO chart (Source: TradingView)*ONDO’s market sentiment is bullish, with the RSI at 61.21, implying that there’s still more room for upside before entering the overbought territory. The BBP value settled at 0.0486, signalling the bulls have the upper hand over bears.

Moreover, the price chart shows a short-term recovery. Bears have dominated the assets recently, and gradually, a bounce occurred. Besides, Ondo (ONDO) Price Prediction 2025, 2026-2030 could provide more profound insights into where the asset might be going.

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