The price of the cryptocurrency ONDO has seen significant growth in recent weeks while facing a key resistance level.
ONDO Shows Bullish Momentum
Recently, the price of ONDO surged significantly, showing strong bullish signals above $1.11. However, after this rise, the price pulled back to $1.03. This represents a 4.01% decline over the last 24 hours but a 14.97% gain over the last week. On a 14-day timeframe, ONDO is up by 32.5%, indicating steady bullish momentum. The short-term pullback can be seen as healthy consolidation before another breakout attempt.
Resistance at $1.15
Crypto analyst Ali Martinez noted that the $1.15 level represents a critical resistance point. His analysis from daily candlestick charts for the ONDO/USDT contract shows that ONDO previously failed to break through this resistance, particularly in March and April 2025. These repeated rejections highlight the importance of this level. A breakout above $1.13–$1.15 would not only mark a major technical achievement but could also pave the way for a sustained rally.
On-Chain Activity Reinforces Bullish Trend
On-chain data is also strong and adds weight to the bullish narrative surrounding ONDO. Over the past week, the number of new wallet addresses has surged by more than 35%, indicating a growing influx of new users. Active addresses increased by 16.46%, showing a rise in daily transaction volume. The number of zero-balance addresses, which often represent created but unfunded accounts, also grew by over 20%, indicating continued interest in onboarding new users. At the same time, the number of long-term holders increased by 12.25%, highlighting rising confidence in ONDO’s long-term potential.
In conclusion, despite the short-term correction, ONDO continues to demonstrate confident bullish signs, backed by network activity and supported by analysts' breakout targets.
