ONDO: How $0.8400 Support and Triple-Bottom Shape a $3.50 Target

ONDO/USDT shows bullish strength with consistent rebounds from $0.8400, signaling potential moves toward $1.0200 in the near term.

A triple-bottom pattern indicates strong macro bullish momentum, suggesting ONDO could revisit $2.1500 and potentially reach $3.5000.

Compression around $0.8400 highlights breakout potential, with past patterns supporting rapid upward moves of 35% or more in days.

ONDO is showing signs of technical strength as price action rebounds from a well-tested support zone. Analysts have identified multiple bullish patterns that may signal a breakout toward higher levels in the coming days.

In the shared analysis by Niels, ONDO/USDT is trading above a critical support range between $0.8200 and $0.8600. The 3-hour chart shows two descending triangles forming around this base, with both structures rejecting further downside at $0.8400. The initial triangle led to a breakout on May 9, triggering a rally past $1.1500 following strong compression along the lower trendline.

In the above analysis, Niels notes a second descending wedge beginning May 18, again anchored by repeated bounces at $0.8400. Price recently rebounded from that level, forming a micro-channel pointing toward a projected breakout near $0.9600. Analysts are highlighting $0.8800 as a reaction zone, with a potential upside move toward $1.0200 if momentum holds.

Triple-Bottom Supports Macro Bullish Case

Another analyst, Knight, is closely watching ONDO’s higher-timeframe structure for signs of long-term continuation. According to market analyst Knight, ONDO displays a textbook triple-bottom formation stretching from early 2024 through May 2025.

Source: Post on X

Knight outlines three curved bases, first near $0.4700 in March 2024, followed by $0.6000 in August, and now between $0.6700–$0.7200. Each bottom forms at a higher level, reflecting bullish pressure building across the cycle. He marks $1.0000 as the neckline, and notes that the price has held above $0.8600 during recent tightening. The chart implies a bullish breakout could revisit the previous peak at $2.1500 and may even extend toward $3.5000.

Analysts Note Compression, Project Rapid Upside

Building on this information, further analysis shows price compression around $0.8400 has sparked strong bullish reactions. Niels emphasizes how past breakouts from similar wedges led to sharp 35% moves in under three sessions. Knight’s triple-bottom view supports this projection, adding that a breakout past $1.0000 would open the path toward $1.9000 with minimal resistance.

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