ONDO price is consolidating around $1.08, with resistance at $1.20 capping gains. This article examines the current market conditions and Ondo Finance's achievements.
Accumulation Structure Around Key Level
The $ONDO/USDT pair is trading near $1.08, showing repeated tests of the $1.20 resistance which has capped upward momentum for months. Traders view a decisive close above $1.20 as a structural shift in market behavior.
Ali_charts noted that a breakout and confirmation above $1.20 could flip resistance into strong support. Such a move would establish a foundation for continuation. The chart presents a clean setup suggesting that momentum is building within an accumulation-to-breakout pattern.
Path Toward $1.70 Target
Once ONDO clears the $1.20 level, the next key target appears at $1.70. According to Ali's chart analysis, this zone aligns with liquidity pockets and horizontal resistance observed in earlier trading. The move represents a potential 40-50% gain from current levels.
The projection suggests a stair-step pattern: breakout, retest, and continuation toward the next resistance. Such structured rallies often strengthen market confidence and invite greater participation.
Institutional Developments Around Ondo Finance
While traders track ONDO price action, Ondo Finance announced progress on its Global Markets Alliance initiative by welcoming WisdomTree, a global asset manager with $131 billion in AUM, into the coalition.
WisdomTree joins exchanges, wallets, custodians, and infrastructure providers supporting standards for tokenized stocks and funds on blockchain. This move strengthens Ondo's mission to make markets programmable and accessible through tokenization.
Technical setups and strategic partnerships position ONDO in a decisive development phase, as market participants closely monitor price movements.
