Ondo Finance (ONDO) is showing renewed bullish momentum after breaking from a descending wedge and defending key support. Technical indicators favor buyers, while rising open interest suggests stronger positioning. The setup remains constructive as traders watch whether the ONDO price can sustain the breakout and continue its recovery toward higher resistance.
At the time of writing, ONDO is trading at $0.3804 with a 24-hour trading volume of $93.21 million and a market capitalization of $1.85 billion. However, the ONDO price has surged by 3.18% over the last 24 hours.
Source: CoinMarketCap
ONDO Price Eyes $0.66 After Wedge Breakout
The crypto analyst The Boss revealed that the ONDO price is consolidating after breaking above a descending wedge, with buyers now defending a key support zone.
The price action suggests traders are attempting to establish a higher low and preserve the improved bullish structure. Holding this demand area could keep the breakout thesis intact, while losing it would weaken momentum and increase the risk of deeper correction.
Source: The Boss’ X Post
If support continues to hold, the ONDO price could regain momentum and challenge overhead resistance as buyers attempt to absorb selling pressure.
A successful breakout could open the path toward $0.42 and $0.48, with $0.66 representing a more ambitious target. However, each resistance level must be cleared before continuation becomes technically stronger.
Also Read: ONDO Price Eyes $0.65 as Bullish Triangle Setup Meets LBank Expansion
RSI and MACD Support Bullish Momentum Ahead
According to the TradingView chart analysis, ONDO shows overall price movement remaining firmly bound between $0.2900 and $0.4200 from June through early September 2026.
After hitting a local low near $0.3050 in late June, a strong July surge peaked at $0.4200, followed by an August retreat back toward $0.3200. The ONDO price action now trends upward around $0.38038, approaching resistance at $0.4000.
Source: TradingView
Technical momentum indicators also support the bullish bias. The RSI indicator, measured over a 14-period time frame, 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 that there is a new bullish crossover as the blue MACD line moves above the orange signal line.
ONDO Market Signals Shift as Open Interest Climbs
Coinglass data also pointed out that there are contradicting signals coming from ONDO with regard to its market volume having declined by 19.29% to $189.21 million, which implies that participation has declined.
But on the other hand, there was a rise in the open interest of 5.88% to $251 million. This can imply that traders are increasing their leverage exposure positions.
Source: Coinglass
Following the bullish price predictions and improving technicals and derivatives, the ONDO price is moving in an upward direction. This move is also backed by the improving trend in the crypto market as the BTC price has started to move upward.
Ondo Perps Unveils New Trading Leaderboard
The data from Ondo Perps further highlighted that the leaderboard from Ondo Perps is now up and running, enabling traders to monitor how well they are doing against one another and competing for the best possible rankings on the platform.
The latest record shows that there is currently a $720,000 PnL benchmark and $544 million trading volume on the platform.
This leader board also shows a $2 million record in terms of the highest individual position, which highlights the level of exposure some traders have assumed.
By making profitability, trading volume, and position size benchmarks that one has to beat, Ondo Perps is motivating people to get involved more in this platform.
What Happens Next?
The next step for the ONDO price will be determined by whether the buyers manage to hold on to the breakout area and break the resistance that is close at hand.
An advance might give further fuel to bullish strength and send the price up towards $0.42 and $0.48, and a prolonged buying phase could see the price head up to $0.66.
Also Read: ONDO Price Eyes a Move to $0.90 as Tokenized Stocks Boost Bullish Case
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
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