ONDO shows strong bullish momentum, eyes $0.4200 upside target next

• ONDO holds strong short-term support near $0.3850.
• Price consolidation suggests accumulation and bullish continuation.
• Oversold weekly RSI indicates persistent bearish pressure.
• ONDO alliance expands by adding Chainlink, strengthening the ecosystem.

ONDO on the 30-minute chart remains in a short-term bullish structure, supported by higher lows and strong demand around $0.3875–$0.3850. Price is consolidating above this zone, indicating accumulation. As long as the price holds above support, bullish continuation is likely, with visible upside liquidity above recent highs.

A confirmed bullish reaction from $0.3875 or $0.3850, such as a pin bar or bullish engulfing candle, supports long continuation. Initial upside targets lie at $0.3907 and $0.3968. If momentum expands and resistance breaks, higher upside targets appear around $0.4000 and the major supply zone near $0.4200.

Failure to hold above $0.3850 followed by a strong 30-minute close below $0.3805 would invalidate the bullish bias. In that case, the price may move lower toward the $0.3768 demand. Until such a breakdown occurs, downside moves are considered corrective, making patience essential before taking any bearish positions.

Also Read: ONDO Drops to $0.45: First Accumulation Zone Signals 20x Potential

Technical Indicators Reflect Oversold Conditions

RSI value for the weekly time frame is around 29.7, placing the token within the oversold region, thus establishing high bearish momentum. A sustained value below 30 continues to reflect consistent selling pressure, despite the potential for a relief rally within an oversold region.

The MACD continues to show bearish momentum, as the MACD line remains close to -0.14 below the signal line, which in turn remains around -0.10, with the negative histogram intact. This positioning indicates that negative pressure continues to dominate, and there are as yet no signs of crossover momentum occurring.

Global Market Alliance Strengthens ONDO Ecosystem

The ONDO platform is more than just an asset tokenization platform; it is building an international alliance. Just recently, the ONDO Global Market Alliance has included Chainlink among the list of exchanges and custodial members.

The alliance’s roadmap, submitted to regulators, outlines plans to give retail investors broader access to government bonds. By integrating blockchain technology with conventional finance, the token hopes to provide a transparent, compliant, and inclusive platform. This allows for new avenues for investors, while also promoting a responsible evolution of the tokenization industry.

Also Read: Ondo (ONDO) Surges: Can It Hit $2.00 After SEC Clearance?