Inverse Head-and-Shoulders Points To $0.395 Rally

By Sajjal Ali | Edited By Ammar Raza,August 6, 2026, 7:00 PM

Ondo Finance (ONDO) is showing bullish momentum as buyers defend support between $0.365 and $0.370. A breakout above the $0.378–$0.380 neckline could open the way toward $0.390–$0.395. Meanwhile, RedStone’s USDY integration on Stellar strengthens DeFi infrastructure with a dedicated price feed and SEP-40 support.

At the time of writing, ONDO is trading at $0.3693 with a 24-hour trading volume of $82.8 million and a market capitalization of $1.79 billion. Despite the 3.42% loss over the last 24 hours, the ONDO price structure and network growth point to a bullish reversal ahead.

Source: CoinMarKetCap

Also Read: Ondo’s USDY Launches on BNB Chain in 2026, Unlocking Yield

 ONDO Price Setup Signals Bullish Breakout Ahead

According to the crypto analyst Crypto With Gopal, the ONDO price is attracting renewed attention after forming a bullish inverse head-and-shoulders pattern, a technical structure often linked with potential trend reversals. 

Buyers have continued defending the key support zone between $0.365 and $0.370, signaling growing accumulation and improving sentiment as the token attempts to stabilize after recent market weakness across broader cryptocurrency trading.

Source: Crypto With Gopal’s X Post

Traders will be watching the price level at $0.378 to $0.380 for a breakout to confirm the bull formation and to strengthen the upsurge movement. 

With a breakout at this level, the ONDO price is likely to head towards $0.390 to $0.395. Continued buying interest will strengthen the idea that the bulls are regaining control of the market.

RedStone Expands Ondo USDY on Stellar DeFi

The data from RedStone further highlighted that the network has expanded its backing for Ondo Finance’s USDY stablecoin built on the Stellar network by offering a USDY/USD price feed and SEP-40 contract support. 

This has enabled developers to get access to a consistent oracle model for their DeFi apps through which complex operations can be handled and accurate pricing data can be provided for tokenized real-world assets.

Source: RedStone’s X Post

The goal of this integration is to strengthen the DeFi ecosystem on the Stellar platform with the help of USDY to facilitate lending and borrowing, among other financial solutions. 

Thanks to the reliable oracle data and standardized contract functionalities, it will be easier for developers to create institutional-level DeFi solutions, thus increasing interoperability within the Stellar platform.

Despite the bullish price predictions and network growth, the ONDO price is moving in a downward direction. However, the general trend in the crypto market is improving, and ONDO could soon witness a breakout if conditions remain favorable.

What Happens Next?

The future for the ONDO price remains bright if investors support the floor between $0.365 and $0.370 and initiate a breakout beyond the neckline at $0.378-$0.380 towards a price target of $0.390-$0.395. 

In the meantime, the development of USDY by RedStone on the Stellar platform could contribute to the future growth of the ecosystem and DeFi adoption in general.

Also Read: ONDO Price Holds Key Support While Expert Sees Path to $5–$10

This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.