Ondo (ONDO) price has been trading largely between the $0.9 and $1.1 level since the beginning of May, and this feels like the calm before the storm. A new wave could be forming, as suggested by a compelling weekly chart shared by Bitcoinsensus.
According to the analyst, Ondo is currently revisiting the lower boundary of a long-term ascending broadening wedge. Historically, this zone has triggered sharp upside moves, and if this trend repeats, we may be looking at a powerful breakout soon.
What you'll learn 👉
Pattern Suggests Bigger Wave Forming for ONDO Price
The chart shared by Bitcoinsensus outlines a clear three-wave structure, with each new wave growing larger than the last. Wave 1 took ONDO from near $0.35 up to $1.50, which was a 240% gain. After a healthy correction, Wave 2 rallied even higher to $2.15, delivering a 270% move.
Now, Ondo is once again dipping into a key “Buy Zone” between $0.85 and $1.05. This area has previously acted as a launchpad for bullish waves. The current setup suggests that Wave 3 could be underway, with a potential 310% rally that may send ONDO price toward $3.00. The pattern shows that each move is not just repeating but expanding in size, a signal of growing strength in the trend.
Is a 4x Move to $3 Really Possible?
According to Bitcoinsensus, Ondo Finance continues to benefit from its role in the Real World Assets (RWA) narrative. With investor focus shifting to tokenized financial assets, Ondo remains one of the standout projects in this niche. That backdrop, combined with a strong technical setup, builds the case for a breakout.
Read Also: Is Toncoin (TON) About to Explode? Fundamentals and Technicals Point to Major Upside
The lengthening wave structure and repeated tests of the trendline give the current consolidation an explosive feel. If the $0.90 range holds as support, ONDO may rally up to $3 in the next phase of the cycle. That would be a 4x move from current levels and a new all-time high. Traders watching this structure may find this buy zone particularly attractive as the next leg of the bull wave develops.
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