ONDO Bullish Flag Breakout Targets $2.00 as Rally Pattern Repeats

ONDO price breaks from a descending channel, repeating its prior bullish cycle and targeting $2.00 as the next major resistance zone.

Volume growth and steady RSI levels point to accumulation, supporting continued upward momentum toward the breakout target of $2.00.

ONDO trades at $1.03 with $175M daily volume, reflecting a 12.96% gain over the past seven days.

Ondo (ONDO) is exhibiting a bullish flag breakout pattern that closely mirrors its previous rally cycle, suggesting potential upside targets ahead. Price action is replicating a historical setup that once preceded a rapid move higher.

ONDO Price Action and Technical Structure

Jonathan Carter (@JohncyCrypto) noted on X that ONDO is replicating its earlier bullish breakout, with a near-identical structure to the last rally. The chart displays an extended descending channel followed by a sharp upward breakout, a formation now unfolding again.

Currently, ONDO has broken out from a similar descending pattern, supported by rising volume that suggests early accumulation. The Relative Strength Index (RSI) remains at moderate levels, avoiding overbought conditions and leaving room for further momentum. According to Carter, reclaiming $1.14 would confirm continued strength, with $1.50 as the next key level due to previous liquidity concentration.

If bullish momentum persists, $2.00 could be reached, aligning with the upper boundary of the long-term resistance zone. This level also marks the top end of historical price reactions, making it a major target for traders monitoring the pattern.

Market Context and Trading Levels for ONDO

At the time of writing, Ondo is priced at $1.03, with a 24-hour trading volume of $175,021,272. The token has seen a 1.12% decline over the past day but remains up 12.96% over the past week.

Historical data shows that ONDO’s previous breakout from a similar structure led to a sustained rally. Market observers note that this type of price symmetry often attracts experienced traders, who use such setups to position ahead of potential sharp moves.

Carter described the current chart as a “textbook bullish flag breakout,” emphasizing that the setup reflects a fractal-like repetition of the last cycle. The confirmation of momentum through the $1.14 level could pave the way for higher resistance targets at $1.50 and ultimately $2.00. Traders are now watching whether the ongoing accumulation phase can build the required momentum for another accelerated rally.

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