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ONDO is back on traders’ radar after bouncing from the $0.63 zone. The price is now hovering around $0.735, it also shows signs of recovery after a rough drop. 

A recent chart on TradingView highlights how ONDO price found strong support and is now trying to build momentum. 

Meanwhile, crypto analyst CryptoED posted on X(Formerly Twitter), saying he still expects a big rally, with a long-term target all the way up at $3.

After the sharp dip, ONDO found support around $0.63 and bounced hard off that level. That area is now acting as a safety net for bulls. 

Right now, ONDO price is holding above $0.72–$0.74, but there’s a big test ahead. Just above, there’s a resistance zone between $0.75 and $0.77. 

It lines up with an old trendline that ONDO briefly pushed through before pulling back again. If the price can stay above that line, we might see a move toward $0.85–$0.87, a key zone from earlier this year where the token broke down.

The ONDO chart shows two big trend lines at play. There’s a shorter-term blue line that used to be support but now acts as resistance. 

And there’s a longer-term downward trendline from the past highs, that one hasn’t been broken yet. Volume spiked during the bounce from $0.63, which shows that buyers stepped in aggressively.

Since then, the volume has started to fade. We haven’t seen a strong follow-up push yet, so the bulls still have some work to do.

The Stochastic RSI is in the overbought zone, meaning a pause or small pullback wouldn’t be surprising. Both indicators are looking better than before, showing that momentum is starting to turn.

The regular RSI is sitting around 42, still below the key 50 mark, so the market hasn’t fully flipped bullish yet.

Read Also: ONDO Price Looks Set for Takeoff After Perfect Support Bounce

If ONDO price can break and hold above $0.77, the door opens for a push toward $0.85–$0.87. From there, the next natural target is $1.00, a level that would bring a lot more attention. 

But if the price dips below $0.72, it might head back to test support at $0.67 or even $0.63 again.

CryptoED’s tweet keeps the bullish hopes alive, suggesting the big move is still ahead. He’s holding firm on his $3 target, but for now, the market’s waiting for a clear breakout to confirm the next leg up.

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The post Analyst Doubles Down on ONDO Price Target After Sharp Bounce From $0.63 appeared first on CaptainAltcoin.

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