Ondo Price Breakout Looms: Can It Reach The $1+ Target

Key Insights:

• Ondo price is approaching a breakout; support at $0.90, target set $1+.
• Volume surging, Open Interest up 12.39% to $393.40M.
• Macro trendline broken on 4hr time frame, which confirms bullish momentum.

Ondo Price showed strong bullish momentum as it traded above the crucial support level of $0.95 in recent sessions. The token gained over 20% during the past week, signaling rising investor interest and growing confidence in its upward trend.

Following a clear breakout, ONDO approached the $1 mark. It acted as a near-term target for bullish traders.

Technical analysis revealed a “cup and handle” pattern, often associated with a continuation of bullish movements. ONDO also broke a macro trendline in the 4-hour timeframe, which further confirmed the strength of the recent rally.

RWA Gains are Pushing ONDO Price Up

The upward movement coincided with broader gains in the real-world asset (RWA) tokenization sector. On July 14, the RWA category rose by 8%, following news that BlackRock had reached a significant milestone in total value locked (TVL) for tokenized assets.

As a leading RWA project, Ondo Finance benefited from this momentum due to its focus on tokenized U.S. Treasuries and key partnerships, including one with LayerZero to enable cross-chain asset issuance.

Trading activity also surged, with 24-hour volume jumping by 98.04% to reach $234.1 million. The overall trend suggested that ONDO price remained in a medium-term growth phase with potential for continued upside.

Analyst Predicts $30–40% Surge for Ondo price

Crypto analyst CryptoBull 360 has highlighted a potential short-term breakout for ONDO, based on recent technical signals. The analyst pointed to a breakout from a key horizontal resistance zone on the 4-hour time frame, indicating bullish momentum.

According to the chart, ONDO price appears to be retesting the breakout level. It may act as a new support zone.

Trends of volume are now supportive, and this gives additional confidence to the creation of this upward run.

The analyst foresees a potential 30-40% price explosion in case the support is not broken down and the bullish structure is maintained. Technical arrangements such as this provide the momentum trader the opportunity to make a quick gain through initial breakout measures.

ONDO Derivatives Surge Amid Rising Interest

Recent market analytics show that there has been a massive upsurge in the Ondo (ONDO) derivatives market.

The volume that traded on ONDO derivatives increased by an overwhelming 84 percent and was recorded to be massive at the scale of $647.71 million. It presents a significant increase in the interest of market players and is a sign of an increasing interest by the market players.

There was also a notable increase in open interest, which increased by 14.21% to reach a total of 399.36 million dollars. This increment indicates that traders are still holding the positions, marking stable momentum in the market.

Ondo Price Breaks Resistance, Eyes $1.00 Surge

ONDO price has surged in recent sessions, breaking above the $0.90 resistance level and briefly touching the $0.95 zone. The breakout was supported by steady buying pressure, driving price action within a rising parallel channel.

At the reporting time, the ONDO price is traded at $0.9504, with 8% surge over the past 24 hours.

The Relative Strength Index (RSI) traded at levels just above the 70 mark, having passed through the overbought territory. It was a good indication of a powerful bull run, although it could have also denoted the possibility of the end of the bull run by buyers not sustaining the pressure any further.

MACD indicators were still bullish as the MACD line crossed and was above the signal line, as well as in the positive zone. The histogram was positive regarding the upward thrust, but its development seemed to be decelerated a bit.

Immediate resistance was observed near $0.95, with the next key level set at $1.00. A breakout above $1.00 could trigger further gains, potentially pushing ONDO price toward the $1.10–$1.15 range.

On the downside, the price found initial support at $0.90. A breakdown below this could lead to a pullback toward the $0.88 and $0.80 levels. A deeper correction might revisit the $0.70 support area, where consolidation previously occurred.