Ondo (ONDO) Jumps 10% — Could This Breakout Lead to More Gains?

Key Takeaways

• ONDO surged nearly 10% as the broader crypto market rebounded, with BTC and ETH leading the recovery.

• Price successfully broke out of a descending channel on the 4H chart, signaling a potential trend reversal.

• Strong buying demand emerged near $0.2050, forming a local bottom and triggering the breakout.

• ONDO is now retesting the $0.2645 breakout zone, which could act as new support.

• If this level holds, the next upside target sits near $0.53.

• A drop back below $0.2645 would delay the bullish setup and could bring consolidation.

The broader cryptocurrency market is finally showing signs of relief after weeks of selling pressure, with Bitcoin (BTC) and Ethereum (ETH) posting solid 24-hour gains of around 4% and 6%.

Altcoins are following suit — and real-world asset token Ondo (ONDO) is among today’s standouts.

ONDO has surged nearly 10%, and more importantly, the latest chart setup suggests this move could be more than just a short-term bounce.

Source: Coinmarketcap

Descending Channel Breakout Signals Potential Trend Shift

On the 4-hour chart, ONDO had been trading inside a descending channel for several weeks — a structure that typically reflects controlled bearish pressure during pullbacks.

Price found strong demand near the lower boundary of the channel around $0.2050, where buyers stepped in aggressively. That level acted as a clear accumulation zone, sparking a steady recovery.

Ondo (ONDO) 4H Chart/Coinsprobe (Source: Tradingview)

This rebound ultimately led to a decisive breakout above the channel resistance near $0.2645, flipping previous resistance into support. Following the breakout, ONDO quickly pushed higher toward $0.2713, showing early bullish momentum.

This type of breakout often marks the end of a corrective phase and the beginning of a new upside leg — especially when it comes after a prolonged decline.

What’s Next for ONDO?

From a technical perspective, the structure now looks constructive.

In the near term, ONDO may revisit the breakout area around $0.2645 to confirm it as new support — a common and healthy behavior after channel breakouts. If buyers manage to defend this zone, it would further validate the bullish setup.

Holding above this level could allow ONDO to build momentum toward its next upside objective near $0.53, which aligns with the projected measured move from the channel breakout. That represents a potential 40%+ upside from current prices if momentum continues.

The recent higher low near $0.2050 also adds confidence that sellers are losing control, while buyers are slowly taking over.

Key Risk to Watch

While the breakout is encouraging, confirmation is still important.

If ONDO fails to hold above the $0.2645 area and slips back inside the descending channel, price could return to consolidation, delaying any larger move higher. A sustained breakdown below this zone would weaken the short-term bullish outlook.

For now, however, ONDO appears to be shifting structure, with buyers firmly defending key levels and momentum turning positive.

If the breakout holds, this rally may just be getting started.

Disclaimer: The views and analysis presented in this article are for informational purposes only and reflect the author’s perspective, not financial advice. Technical patterns and indicators discussed are subject to market volatility and may or may not yield the anticipated results. Investors are advised to exercise caution, conduct independent research, and make decisions aligned with their individual risk tolerance.

About Author: Nilesh Hembade is the Founder and Lead Author of Coinsprobe, with over 5 years of experience in the cryptocurrency and blockchain industry. Since launching Coinsprobe in 2023, he has been providing daily, research-driven insights through in-depth market analysis, on-chain data, and technical research.