ONDO: Is A Strong Rebound Coming? Technical Analysis – May 15, 2025

By: cointribuneen|2025/05/15 20:30:07
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After a correction phase, Ondo shows encouraging signs of interest. Find our complete analysis and the technical outlook for ONDO. ONDO Technical analysis The spot price is around $0.965, stabilizing after a strong weekly rise of +21%. Volumes have significantly increased (+46%), reflecting a resurgence of activity over the week. The underlying momentum is bullish, with trends aligned to the upside across long, medium, and short-term horizons. In the short term, a slight pullback phase is observed, without questioning the overall movement. Momentum is recovering, supported by a gradual restart of the dynamic. ONDO technical levels Technically, Ondo is trading above several key supports at $0.97, $0.80, and $0.66, which constitute potential accumulation zones. The recent daily breakout at $0.95 strengthens the bullish bias, supported by a position above the monthly pivot point at $0.87. Resistances at $1.13, $1.24, $1.66, and $2.14 (ATH) represent potential distribution thresholds. In terms of market structure, the low value area at $0.87 and high value area at $1.32 define a volume balance, the breakdown of which could cause a new directional imbalance. The current technical analysis was conducted in collaboration with Elyfe , and 0xhugzer , investors and popularizers in the cryptocurrency market. Derivatives analysis (ONDO/USDT) Ondo shows clear signs of renewed interest, illustrated by an increase in open interest, reflecting rising speculative activity. At the same time, the CVD highlights selling absorption, suggesting that selling pressure is contained by passive buyers, indicating some support strength. Liquidations, although low, mainly affect short positions, possibly indicating slight seller capitulation. Finally, the funding rate remains neutral, signaling balance between buyers and sellers without apparent speculative excess. Several selling liquidation zones are identified, the most significant being around $1.208 to $1.22, $1.33 and $1.35. These levels concentrate a high volume of orders and could cause a marked increase in volatility if breached. Conversely, a single notable buying liquidation zone stands out between $0.83 and $0.78, accompanied by a smaller zone around $0.67 to $0.70; reaching these levels could also trigger increased volatility. ONDO price forecasts Bullish scenario: Conditions: Staying above $0.88. Targets: $1.13 / $1.24 / $1.65 / $2.15 (ATH) Potential: About +114 % from current level. Bearish scenario: Conditions: Break of support at $0.88. Targets: $0.66 / $0.58 / $0.54. Potential: Drop up to -45 %. Commentary: The bias seems bullish, though a possible short-term correction is not ruled out. Upcoming macroeconomic indicators could play a key role in confirming or invalidating these scenarios. Conclusion Ondo shows signs of recovery after a consolidation phase, with a well-established bullish momentum. The market remains supported by renewed interest and favorable technical structure. As long as the main support levels hold, the bias remains upward. Caution is advised in case of a break, especially in the still uncertain macroeconomic context. In this context, it will be essential to closely monitor price reactions at strategic levels to confirm or adjust current forecasts. Finally, remember that these analyses are based solely on technical criteria, and cryptocurrency prices can change rapidly based on other, more fundamental factors. Did you find this study interesting? Check out our latest Ethereum analysis .

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