ONDO Price Breaks Through Descending Wedge, Eyes $0.66 Target

ONDO has been showing renewed bullish momentum after breaking free from a descending wedge and defending key support. Technical indicators are in favor of buyers, while rising open interest suggests stronger positioning.

The crypto analyst The Boss noted that the ONDO price is consolidating after breaking above the descending wedge, with buyers now defending a key support zone.

At the time of writing, ONDO was trading at $0.3804 with a 24-hour trading volume of $93.21 million and a market capitalization of $1.85 billion. The ONDO price has surged by 3.18% over the last 24 hours.

The RSI indicator is now at 57.72, indicating consistent buying pressure above its 50.90 signal line but below the overbought level. The Moving Average Convergence Divergence indicator shows a new bullish crossover as the blue MACD line moves above the orange signal line.