• ONDO trading at $0.9419, slightly recovering by 2.24% in the last 24 hours.
• Analysts eye key resistance levels; breakout or rejection could define the next move.
• 2025 forecasts vary widely, with potential highs reaching up to $2.14.

Ondo (ONDO), a prominent digital asset in the decentralized finance space, is currently trading at $0.9419, reflecting a modest 2.24% rise in the past 24 hours. The cryptocurrency saw a trading volume of $131.93 million, marking a 9.93% uptick, indicating renewed investor interest following a week of declining prices. Over the last seven days, the coin remained relatively flat, dipping slightly by 6.11%.

Despite recent volatility, ONDO is showing signs of technical consolidation. Market observers are closely monitoring the price action near a significant resistance zone. The next few sessions could determine whether the token is poised for a bullish breakout or will revisit lower support levels.

Market Consolidation Creates Uncertainty

Notable market analyst CryptoPulse observes that ONDO is presently trading just shy of a significant resistance zone following a clear rejection: “We still remain inside the set trading range with no clear breakout.” 

A sustained upside break, if it happens, might take the coin towards fibonacci targets at $1.32 (0.5 fib) as well as $1.50 (0.618 fib), levels that tend to attract trader attention as possible reversal points.

But if the rejection persists, the coin may slide down, possibly retesting recent lows. “There’s no rush here. It’s all about patience. Waiting for confirmation on the technical side before positioning,” CryptoPulse said on his latest analysis he had put out on his Discord channel.

This period of consolidation leaves the market at a standstill, as participants weigh the balance between potential upside and short-term risks.

Also Read | ONDO Price Action Signals Upside Potential, Eyes $1.25 Level

ONDO Price Predictions for 2025

In the future, predictions for ONDO performance in 2025 are significantly varied. DigitalCoinPrice speculates that the coin may test the $2.07 level by the end of the year, potentially breaking through its previous all-time high of $2.14. 

Optimistic analysts of this view hold that the coin may hold a range of $1.81 to $2.07 over the next few months, spurred on by wider adoption and trend momentum.

The forecast of Changelly is less optimistic. In their review, ONDO’s value might actually stay in a smaller range, hitting the upside of $1.18, as the median value hovers around $1.07 by 2025. August, on the other hand, might oscillate from $0.89 to $1.07, which translates into a possible shorter-term return on the money of about 17.9%.

While the long-term remains cautiously optimistic, the near-term trend means ONDO’s next course of action hinges on whether or not buyers successfully penetrate the existing resistance at the moment. Traders are biding their time, currently, for validation.

Also Read | Ondo Shows Bullish Strength, Eyes Major $2 Price Target