TLDR:

ONDO forms a higher low, signaling a potential bullish reversal from recent declines
VWAP line supports bullish setup, with Fibonacci targets suggesting $3 upside
Price trades between $0.79 and $0.96, with resistance at $0.849 being closely watched
South Korea’s pro-crypto sentiment could boost ONDO amid tokenized asset interest

Traders are monitoring the ONDO price action after technical signals suggest a potential bullish reversal. 

The token, tied to the Ondo Finance platform, has shown early signs of a bottoming structure, similar to past rallies.  Chart watchers believe the current setup may mirror historical surges, prompting increased attention on key support and resistance levels. 

Despite recent price weakness, ONDO remains under close watch due to its alignment with broader market trends and rising institutional interest in tokenized real-world assets. Market participants now weigh whether the current levels can hold and trigger a sustained uptrend.

ONDO Technical Patterns Suggest Price Rebound Potential

Chart analysts have highlighted ONDO’s recent formation of a higher low, a structure typically associated with early-stage bullish moves. 

According to a post by market watcher OCT Trades, price stability above $0.72 remains essential to preserve the trend structure. They stated that a breakout above $1, followed by a retest, would confirm a long-term bullish move.

Solberg Invest also pointed to the VWAP line acting as support, as seen during previous breakouts. They identified the 1.618 Fibonacci extension level as a recurring target, estimating a potential rise toward $3 if historical patterns repeat.

$ONDO Macro Chart: $ONDO looks great, showing bottoming signs like the two times it exploded up before! VWAP line is still support, as it was during those rallies to the 1.618 Fib level.
If we repeat, my target is $3. Get ready and watch support!

What’s your $ONDO… pic.twitter.com/ZOJdxLOV1K

— Solberg Invest (@SolbergInvest) June 2, 2025

At press time, ONDO trades at $0.8308, according to CoinGecko data. The token has fallen by 0.58% in the past 24 hours and by 11.64% over the past week. 

During this period, it ranged between $0.7942 and $0.9674, indicating some volatility within a defined band.

Immediate support lies at $0.821, with near-term resistance at $0.849. Despite the downward movement, price watchers remain focused on whether ONDO can reclaim higher resistance levels to initiate a reversal.

ONDO price on CoinGecko

Broader Market Sentiment May Influence ONDO Price

ONDO’s trajectory may benefit from improving sentiment in South Korea’s crypto market, home to over 16 million active users. The country’s pro-crypto stance, reinforced by upcoming elections and favorable regulations, has added fuel to speculation in DeFi assets.

However, traders remain cautious due to macroeconomic headwinds and reduced retail enthusiasm compared to earlier bull cycles. ONDO’s correlation with broader market trends also limits independent breakouts, despite its growing relevance in tokenized finance.

Analysts say repeating historical patterns does not guarantee future performance, and Fibonacci-based targets often require further confirmation. Still, traders believe current technical setups warrant close observation.

With growing attention on support levels and volume dynamics, ONDO’s next move could shape short-term sentiment across the DeFi segment.

 

The post ONDO Price Outlook Turns Bullish as Traders Track Key Chart Signals appeared first on Blockonomi.

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Filed under: Bitcoin - @ June 2, 2025 6:27 pm