ONDO Breakout Signals Bullish Shift After Wedge Escape

ONDO breakout gains attention after a wedge escape as price rebounds before demand, fueling renewed bullish market sentiment.

• ONDO breakout gained momentum after price reversed before reaching a widely watched accumulation zone and cleared wedge resistance.
• Trading volume jumped over 129%, while price held above intraday support despite profit-taking near the $0.39 resistance level.
• Market participants now monitor support retention after the breakout before assessing another attempt toward recent session highs.

ONDO breakout attracted renewed market attention after price reversed before a major demand zone, while technical signals pointed toward improving momentum following months of compressed trading activity.

Falling Wedge Exit Changes Market Structure

Crypto trader Sjuul of AltCryptoGems shared a chart outlining ONDO’s latest technical development. The post described missing a planned accumulation zone by a narrow margin. Price reversed before reaching the preferred buying area.

Sjuul called the move “max pain” for traders awaiting deeper entries. He also described the reversal as another example of a front-run. The observation reflected how markets sometimes avoid obvious support levels.

The published chart displayed a large falling wedge spanning several months. Descending resistance repeatedly capped recovery attempts during the broader correction. Rising support gradually compressed price into a narrowing structure.

Price eventually broke above wedge resistance with a sharp bullish candle. That move ended the prolonged sequence of lower highs. Buyers regained short-term control after extended consolidation.

Price Holds Gains Following Strong Recovery

CoinMarketCap data showed ONDO trading near $0.3714 as of writing after a strong daily advance. The token climbed roughly 4.54% during the latest 24-hour session. Trading began near an intraday low around $0.3333.

Buying momentum strengthened quickly after the early recovery. Price established higher highs before reaching the $0.39 resistance region. That advance reflected renewed participation across the market.

Profit-taking appeared after several attempts above the upper trading range. Even so, the pullback remained measured rather than aggressive. Buyers continued defending levels above the earlier breakout area.

Daily trading volume increased by more than 129% during the rally. Higher participation supported the move beyond simple low-liquidity buying. Market activity remained elevated throughout the recovery.

Traders Watch Support Before Next Advance

Sjuul’s chart projected a possible retest following the breakout. Former resistance could become fresh support during any short-term correction. Such retests often confirm improving market structure.

The grey demand zone remained an important reference despite the recovery. Price reversed just above that region instead of revisiting it. Many waiting buyers therefore missed planned entries.

Current technical support sits near the $0.365-$0.37 region. Holding that range could preserve the developing bullish structure. Losing it may invite another test toward the $0.35 area.

Attention now shifts toward whether buyers maintain higher lows after the breakout. A sustained move above recent resistance would strengthen recovery expectations. Market participants continue monitoring confirmation instead of immediate continuation