Prominent analyst Crypto Winkle shared on X (formerly Twitter) that ONDO’s price broke out from a falling wedge pattern. He noted that the token broke free from a bearish trend after 230 days of accumulation. Moreover, discussions over ONDO’s potential to reach new heights have been triggered by this technical move, and experts have set ambitious targets
The Falling Wedge pattern, characterized by lower highs and lower lows within narrowing trendlines, is typically a precursor to bullish reversals. ONDO’s breakout has been accompanied by increased momentum, hinting at growing buyer interest. Crypto Winkle has projected three price targets for ONDO—$1.55, $2.24, and $3.40—based on historical price zones and potential Fibonacci extensions.
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Key Levels and Resistance Zones
ONDO’s price action reflects clear support and resistance dynamics. The $0.65–$0.70 range has been a robust support zone, tested repeatedly during the prolonged accumulation phase. This level has now transitioned into a strong base for ONDO’s upward trajectory.
Resistance levels identified at $1.55, $2.24, and $3.40 correspond to both historical price clusters and projected targets by analysts. The breakout candle’s size and strength suggest a continuation of the bullish trend, supported by heightened market participation. Retests of broken resistance zones as support further validate the upward momentum.
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Market Sentiment and Social Media Insights
Social media posts have fueled optimism about ONDO’s potential. Crypto Winkle’s tweet highlights Ondo Finance’s institutional-grade, on-chain financial solutions, which could drive interest from retail and institutional investors alike. Additionally, the mention of a potential Binance listing has added to market speculation.
Another analyst, Sjuul from AltCryptoGems reinforced bullish sentiment with a post declaring that ONDO’s price is “going higher as expected.” These community-driven narratives amplify trading volume and market interest, contributing to ONDO’s rising momentum.
With ONDO trading above its previous resistance zones, traders are monitoring the targets of $1.55, $2.24, and $3.40. The breakout from the Falling Wedge pattern has positioned ONDO for further growth, provided it maintains its support levels. While bullish sentiment dominates, the market will likely watch for consolidation or retests as indicators of sustained upward movement.
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