Ondo (ONDO) price has been looking increasingly bullish since breaking out of a falling wedge. The chart shared by analyst Solberg Invest shows a clear technical setup that supports the idea of a strong move upward, with a bold price target of $3.
According to the weekly chart posted by Solberg Invest, the ONDO price had been trading in a falling wedge since late 2024, consistently forming lower highs and lower lows. This is typically a bullish reversal pattern, and in this case, the breakout finally happened in early May. After the breakout, ONDO confirmed the move by retesting the wedge resistance as support, one of the most important bullish signs in technical analysis.
This retest was followed by a green candle showing a strong bounce, which validates the pattern. Solberg Invest highlighted this move as the beginning of a potential explosive run, with the ONDO price now trading above $1 and showing solid momentum.
Can the ONDO Price Hit $3?
The projection drawn on the chart shows a gradual yet aggressive rise in ONDO price over the next few months, pointing toward a $3 target sometime around August. If this plays out, it would represent roughly a 200% increase from current levels. The analyst believes this move is achievable given the technical breakout, overall market momentum, and renewed interest in the project.
What stands out in Solberg’s chart is the sharp zigzag projection showing higher highs and higher lows, reflecting a typical bullish wave structure. It suggests ONDO could see steady gains before parabolic growth later in the summer if bulls stay in control.
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The ONDO price is currently holding above the key $1 level, which is acting as psychological support. If this level holds and volume increases, the path to $1.40, $2, and ultimately $3 could be more than just a fantasy.
Solberg Invest (@SolbergInvest) summed it up confidently: “$ONDO BULLISH BREAKOUT! Falling wedge smashed + retested—$3 target! Strong move!”
The technical setup for ONDO is aligning with a bullish narrative, and if the broader market continues to rally, ONDO price could be one of the next major altcoin winners. Traders are now watching closely to see if this forecasted move to $3 begins to unfold in the coming weeks.
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