Ondo Corrects After September Surge — What’s Next?

Ondo (ONDO) has staged a strong September rally, rising from around $0.34 to nearly $0.60 and gaining more than 70% in the process. The move pushed the token above several previous highs and significantly improved its short-term technical picture.

After reaching its latest peak, however, ONDO entered a sharp correction and is now trading around $0.52. While the latest daily decline of more than 12% is significant, it also brings the token back toward a newly formed support area after the rapid expansion, creating an important test of whether buyers can defend the recent breakout.

Ondo technical analysis

ONDOUSD - 1 Day Time Frame

The strongest part of the September rally began around $0.41–$0.42 and produced an almost vertical move toward $0.60. During this advance, a new daily support zone formed approximately between $0.45 and $0.52. ONDO has now returned directly into the upper part of this area. The current pullback therefore brings the price back toward the structure created during the latest bullish impulse, where renewed buyer interest could begin to emerge.

The latest daily candle shows a decline of more than 12%, which is substantial on its own. However, when viewed in the context of the previous 70%+ rally, the correction also removes some of the short-term overextension and brings ONDO closer to its newly established support.

A constructive reaction within the $0.45–$0.52 zone could help preserve the September bullish structure. Conversely, a sustained move below this area would place greater pressure on the latest recovery and could shift attention back toward the origin of the impulse around $0.41.

Ondo price target

If buying pressure returns from the current support zone, the nearest major Buy-Side Liquidity target is located around $0.71. Above this level, additional liquidity areas are positioned around $0.78, $0.85, and $0.98. These levels could provide a gradual progression of potential Take Profit areas if ONDO resumes its bullish expansion. The final target around $0.98 is particularly notable because it sits just below the psychologically significant $1.00 mark, where stronger selling pressure or profit-taking could emerge.

For now, ONDO is experiencing its first meaningful pullback following the September breakout. The $0.45–$0.52 support zone remains the main area to watch for signs that buyers are prepared to defend the latest bullish move. A constructive reaction could keep $0.71, $0.78, $0.85, and $0.98 in focus, while a sustained break below the support zone could increase the possibility of a deeper correction toward $0.41.

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