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ONDO price is right back in the spotlight, and it’s sitting at a pretty important level. The token is hovering around $0.78, and while the price action looks shaky, social media buzz is picking up. 

One tweet in particular from CryptoED called the chart “mega bullish” and predicted a move all the way to $3. But the daily chart tells a different story, and traders are split on whether this is the start of a bounce or just another step down.

ONDO is currently trading at $0.7814, down 0.29% in the past day. But that number matters more than it looks. It lines up with a horizontal support level that has held up before, but this time, its price is looking weak.

ONDO price has also slipped below a rising trendline that had supported past rallies, which could mean trouble if buyers don’t step in soon. There’s also a descending triangle forming, which is usually a bearish sign. 

The chart shows lower highs squeezing against that $0.78 level. Plus, a smaller dotted trendline was broken too another signal that the structure is breaking down.

If ONDO price can hold and bounce, the first hurdle will be the $1.00 mark. That’s a psychological barrier and a previous resistance zone. 

After that, the next key zones are around $1.30 to $1.50 levels where ONDO paused before. And if things really heat up, $2.00 to $3.00 could come back into play, but that’s a long way off.

On the flip side, if ONDO loses this support, the next area to watch is around $0.50 to $0.55. A daily close below $0.75 might kick off more selling pressure.

Looking at the Stochastic RSI, it’s down in oversold territory and starting to curl upward. That could mean a short-term bounce is coming. 

But the bigger trend is still pointing down, and similar setups haven’t worked out well recently. The regular RSI is sitting around 39 to 47, which is weak but not bottomed out. 

Volume has picked up a little, but it’s not clear yet if that’s buyers stepping in or sellers exiting.

Read Also: What If ONDO Reclaims the $1 Mark? Here’s How High ONDO Price Could Go Next

On X(Formerly Twitter), CryptoED made a bold call. He said ONDO broke out above resistance and is now turning that level into support, aiming for $3 next. 

It’s an exciting idea, but the chart doesn’t back it up just yet. ONDO price is still under that broken trendline, and bulls need to reclaim it before any real rally can start.

If buyers can push ONDO back above $1.00 and keep up the pressure, then the $3 target might come back into view. But for now, it’s a waiting game and the next few candles could tell the story.

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The post ONDO Price Prediction: Is This Just a Bounce or the Start of a 3x Move? appeared first on CaptainAltcoin.

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