ONDO’s price is up today after its breakout from a bullish pattern. ONDO displayed a textbook bull flag formation lately, a widely recognized technical setup suggesting a continuation of the prior uptrend. Crypto expert Ted amplified market interest on X (formerly Twitter) by highlighting ONDO’s bullish potential, citing both technical and fundamental developments.
What you'll learn 👉
ONDO Technical Analysis
The ONDO price chart reveals a sharp rally, followed by a period of consolidation within a downward-sloping channel. This pullback, forming the flag portion of the pattern, was bounded by two parallel trendlines, with price movements staying confined to this range.
The breakout from the upper boundary of the channel, accompanied by strong volume, suggests renewed bullish momentum. Taking into consideration the length of the flagpole, the price can target $2.60 and $2.40, which indicates that it has a very large growth potential from the breakout point closer to $1.75.
Moreover, the support levels of $1.30 to $1.40 and $1.75 and $1.80 are very crucial to track, whereas the resistance at approximately $2.00 to $2.10 could make the rally struggle, which is expected.
Fundamental Developments Drive Market Confidence
Ted highlighted fundamental developments contributing to the bullish sentiment. OndoFinance announced the deployment of Ondo Short-Term US Government Treasuries (#OUSG) on the XRP Ledger blockchain. This move allows OndoFinance to take advantage of the efficiency and scalability of the XRP ledger to provide tokenized financial products.
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To further bolster confidence in the market, OndoFinance’s partnership with BlackRock, a corporation that specializes in asset management with nearly everything in the world that weighs in the top tier. The deal enhances the credibility of OndoFinance’s offerings within the institutional space and will strengthen its position within the DeFi market. The narrative surrounding U.S.-based innovation further supports ONDO’s market positioning in the current cycle.
ONDO Support and Resistance Levels to Watch
As the price of ONDO continues its upward trajectory, investors are monitoring key price levels. The breakout above $1.75 has established this area as a new support zone, with potential pullbacks likely to test this level. Resistance near $2.00–$2.10 could lead to short-term price consolidation before further upside toward the projected target range of $2.40–$2.60.
With strong technical signals and positive fundamental catalysts, ONDO remains a focal point for traders seeking opportunities in the ongoing crypto market cycle.
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