ONDO Holds Strong: Eyes Set on $1.12 Target

• ONDO price holds strong above the $0.86 support level.
• Technical indicators suggest a bullish continuation.
• The $1.12 price target is now in play for traders.

ONDO has shown resilience in the crypto market by holding firm above the critical $0.86 support level. After a period of consolidation, bulls stepped in to prevent further decline, signaling strong interest at this zone. This level had previously served as a base for ONDO’s last rally, making it a crucial point for market participants.

Analysts are now eyeing the next potential move, which puts the $1.12 resistance level in focus. This area is seen as a near-term target, especially if current momentum continues.

Bullish Momentum Builds Toward $1.12

Technical charts reveal that ONDO is gaining traction after bouncing from $0.86. Bullish volume is picking up, and key indicators like the RSI are turning upwards, suggesting growing buyer interest. If ONDO can maintain this momentum, the $1.12 target could be tested soon.

This level represents a key resistance zone and a potential breakout point. If breached, it could open the door for further upside, especially if broader market conditions remain favorable.

What Traders Should Watch Next

Investors should keep an eye on ONDO’s volume and price action as it approaches the $1.12 level. A decisive break above this could confirm the next leg of the uptrend. However, failure to clear this resistance might lead to short-term consolidation or a retest of lower support zones like $0.86 again.

As always, managing risk is essential, especially in volatile market conditions. But for now, the ONDO chart is painting a bullish picture with a clear upside target in play.