🕒 Posted on: 7/25/2025 11:32:15 PM UTC

ONDO Price Eyes $2.80 as Traders Watch for Breakout Retest

Introduction: ONDO’s Rollercoaster Ride Amid Whale Activity and Bearish Signals

Ondo Finance (ONDO) is at a critical juncture as traders closely monitor its price action following a failed breakout attempt. After months of consolidation, ONDO briefly surged before facing a sharp rejection, leading to a 0.35% decline in the last 24 hours. Despite the bearish signals, whale transactions between $100K and $1 million have surged by 100%, suggesting strong institutional interest.

A crypto expert recently predicted that ONDO could rally toward $2.80 if market conditions improve. However, technical indicators paint a mixed picture—while key support at $0.979 holds, a bearish head-and-shoulders pattern threatens further downside. This article dives into ONDO’s price dynamics, whale activity, and expert insights to assess whether a breakout retest is imminent.

ONDO’s Failed Breakout: What Went Wrong?

ONDO’s recent price action has been volatile. After struggling for months to break out of its range, the token finally saw upward momentum—only for the gains to be erased by a strong bearish engulfing candle. This reversal invalidated the breakout and pushed ONDO back below the $1 mark.

Key Observations:

  • Breakout Failure: The rejection occurred after months of accumulation, indicating weak follow-through from buyers.
  • Volume Decline: Trading volume dropped by 25% in the past 24 hours, signaling reduced trader participation.
  • Critical Support at $0.979: If this level holds, ONDO may avoid further downside; a breakdown could trigger more selling pressure.

Historical data shows that ONDO has struggled with resistance levels before, often retesting support before making another attempt at an uptrend.

Technical Analysis: Bearish Signals vs. Potential Rebound

Current Price Action

As of press time, ONDO is trading below the 50-day Exponential Moving Average (EMA), indicating short-term bearish momentum. However, the $0.979 support level remains crucial—holding this zone could prevent deeper losses.

Bearish Head-and-Shoulders Pattern

On the 4-hour chart, ONDO is forming a head-and-shoulders pattern—a classic reversal signal. The neckline coincides with the $0.979 support level:

  • A breakdown below this level could accelerate selling pressure.
  • A bounce from here may lead to a retest of $1.13 resistance.

Bullish Scenario: Reclaiming $1.13

For ONDO to regain bullish momentum, it must reclaim $1.13 decisively. A successful retest could open the door for higher targets, including the expert-predicted $2.80 level in an extended rally.

Whale Activity and Expert Predictions: Why Big Players Are Accumulating

Despite recent price struggles, on-chain data reveals significant whale accumulation:

  • $100K–$1M Transactions Up 100% (IntoTheBlock)
  • $10K–$100K Transactions Up 125%
  • $1.7M in Exchange Outflows (CoinGlass)

This suggests that large investors are buying the dip rather than exiting positions—a bullish sign for long-term holders.

Expert Outlook: The Case for $2.80

A well-followed analyst recently stated that ONDO could target $2.80 if market sentiment shifts favorably. While this seems ambitious given current conditions, strong whale backing and historical breakouts suggest potential upside if broader crypto trends improve.

What’s Next for ONDO? Key Levels to Watch

Immediate Scenarios:

1️⃣ Bullish Case: Hold above $0.979 and reclaim $1.13 → Potential rally toward higher resistance levels ($1.50–$2).
2️⃣ Bearish Case: Breakdown below $0.979 → Risk of further decline toward next support near $0.85–$0.80.

Broader Market Impact

ONDO’s performance may also depend on Bitcoin and Ethereum trends—if major cryptos stabilize or rally, altcoins like ONDO could benefit from renewed investor confidence.

Conclusion: Strategic Takeaways for Traders

ONDO remains a high-potential but volatile asset, with conflicting signals between technical weakness and strong whale demand:

  • Short-term traders should watch the $0.979–$1.13 range for breakout or breakdown confirmation.
  • Long-term investors may see current levels as an accumulation opportunity if whale activity persists.
  • The expert’s $2.80 target remains speculative but highlights upside potential if bullish momentum returns.

For now, patience is key—traders should monitor Bitcoin’s movement and ONDO’s ability to hold critical support before making decisive moves.

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