ONDO has been under pressure lately, but the token is still getting attention, especially from traders keeping an eye on the tokenization and real-world asset (RWA) space.
Right now, it’s trading around $0.66 after sliding from highs near $2.50 earlier this year. The big question on everyone’s mind? What happens if ONDO price can bounce back and break above $1?
That’s exactly what crypto trader CryptoED brought up in a tweet, calling ONDO the leader of RWA and saying he’s “mega bullish.”
He even tossed out a bold prediction: ONDO could hit $3. Whether or not that happens, the idea has definitely sparked new interest, especially among those who see the current dip as an accumulation opportunity.
What you'll learn 👉
ONDO Price Needs to Clear This Zone First
ONDO broke below a rising support line that had held strong since late 2023, and it’s now stuck inside a descending channel.
That break was a bearish signal and unless something changes, the price could keep trending lower. At $0.6635, ONDO price is sitting just above key support but still locked in a downtrend.
But there’s hope. The $0.83 to $1.00 zone is packed with historical resistance and Fibonacci levels. If ONDO pushes through that range, it could signal a real shift in trend.
A clean breakout above $1 could open the door to higher targets like $1.25 or $1.50, especially if trading volume picks up.
Oversold Indicators Suggest Possibility of Bounce
Looking at the indicators, ONDO price might be setting up for a bounce. The Stochastic RSI is deep in oversold territory, and the regular RSI is hovering near 30, which usually hints that selling pressure could be fading.
That said, there’s a catch, volume is low. Without a surge in buying activity, any bounce might be short-lived. For a real rally, traders want to see stronger conviction in the market.
Tweet Projection and Community Sentiment
According to CryptoED, the recent drop happened during global tensions tied to Iran, but he’s not worried. He’s doubling down, and calling this just another opportunity to accumulate more ONDO.
His $3 price target might sound optimistic, but it’s clear he believes in ONDO long-term role in RWA. For ONDO to even get close to $3, it would need to break back above multiple resistance zones and reclaim its previous bullish structure.
That kind of move would need a mix of strong momentum, community support, and broader interest in tokenization.
Read Also: Market Analyst Spots Bullish Triangle on ONDO Price Chart – Is a $3 Breakout Coming in 2025?
Future Outlook and Potential Scenarios
If ONDO reclaims $0.75 and then pushes past $0.83 and $1.00, we could be looking at a much stronger setup. Targets like $1.25 or even $2 become more realistic if the volume and trend turn around.
For now, it’s all about watching those key levels. ONDO price is sitting right at the edge, either it finds support here and starts moving higher, or we see another leg down toward the $0.51 area. The $3 dream isn’t off the table, but the road there starts with one step, that is reclaiming $1.
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