Ondo price has currently reached $1.01 as per TradingView. Other exchanges indicate between $0.94 and $1.01, showing typical price fluctuation. The near-dollar level is attracting the interest of investors with the continued interest in ONDO’s high short-term trading volume.
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Over the past 24 hours, ONDO posted mixed results. Some platforms show a modest 0.02% gain, while others report as high as 8.19%. Despite the differences, the trend reflects bullish sentiment returning. Volume and volatility have both seen a slight rise, suggesting trader activity is increasing.
Crypto analyst MaLibu shared a profitable ONDO trade setup. On August 2, he predicted a bounce from support after a liquidity sweep. The setup yielded a 19% gain by August 8, confirming his bullish outlook. He called the support zone reliable, with repeated positive reactions.
He explained that this short-term trade is not the same as the long-term buy he established near the $0.45 level. He insisted on continued vigilance towards the price structure with the expectation of re-evaluation on the back of the price reaction near the existing areas of support and resistance.
Another analyst, KhonshuArc, noted ONDO’s strong breakout candle. His comment contained bullish control with the detection of two points of resistance, $1.06544 and $1.16971. The market could steadily come towards both points, forming a stair-step structure.
KhonshuArc shared a trade plan with two entry strategies. Aggressive traders may enter near $0.97500. The more conservative traders could stay on the sidelines until the price comes back to the area of $0.94500-$0.95000. The stop-loss order, which is a kind of security, will be set at around $0.92500.
The initial take-profit level is $1.06500. After that, the second target, $1.17000, is at a powerful supply zone. The risk-to-return ratio can go from 4.6:1 up to more than 8:1. Leverage between 3x and 5x is recommended, with tighter control for retest-based entries.
If the momentum supports, and the structure keeps being bullish, ONDO might go up and test the $1.06500 and $1.17000 spots. Both these levels are strong resistance points. If the breakout occurs above both of these points, it could result in new highs.
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