This Expert Says ONDO Price Could Hit a New ATH… But Only If THIS Happens

ONDO is starting to catch some serious attention in the crypto space, especially among traders watching the Real World Asset (RWA) narrative unfold. Crypto expert Ted has stirred the conversation on X, pointing out that ONDO price chart is showing a familiar pattern, one that looks a lot like what happened back in Q3 2024.

In his post, Ted laid out a possible scenario: a short-term push toward $1.00, a dip to around $0.90, and then a potential breakout to a new all-time high. What’s making this even more interesting is ONDO’s growing role in the RWA sector. The project now holds nearly $1 billion in total value locked and its stablecoin, $OUSG, has passed the $500 million market cap mark. That kind of growth has traders paying attention to what might come next.

ONDO Technical Setup Shows Breakout Potential

The ONDO price chart reveals a descending wedge formation, commonly associated with bullish breakouts. Two previous downward trendlines were tested multiple times before ONDO broke through, resulting in sharp rallies. A third trendline is now under pressure as price consolidates just below it.

Support between $0.72 and $0.75 has been tested five times, forming a base that aligns with prior accumulation zones. This repeated defense suggests buyers are actively supporting the current range, awaiting a decisive move. The chart also includes a visible fractal structure, mirroring the Q3 2024 setup that preceded ONDO’s earlier breakout.

ONDO Fractal and Support Structure Aligned

The pattern under observation includes a series of higher lows beneath the descending resistance, which is typically an early sign of price compression. As this structure narrows, a breakout becomes more likely, especially if volume increases. Historical behavior of ONDO has shown that strong breakouts often follow such setups.

Volume on the chart has not yet shown major spikes. However, previous rallies were preceded by low-volume periods followed by sharp increases once resistance was breached. If this behavior repeats, the price of ONDO could test the $1.00 resistance zone before retracing and establishing support at $0.90.

ONDO Price Forecast Based on Historical Movement

Ted’s tweet outlines a projected scenario where ONDO first rallies to $1.00, faces a correction to $0.90, and then starts a larger upward trend. His comparison to Q3 2024 draws attention to a near-identical pattern playing out, with ONDO maintaining a strong presence in the RWA sector throughout.

A move past the $1.00 mark would align with both technical and fundamental momentum, especially as institutional interest in tokenized real-world assets continues to build. While the pattern suggests a potential breakout, the price of ONDO will need to close above the descending resistance to confirm this move.

Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.
Get all our future calls by joining our FREE Telegram group.

We recommend eToro

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more
Active user community and social features like news feeds, chats for specific coins available for trading.
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
intelligent crypto
How are  regular people making returns of as much as 70% in a year with no risk?  By properly setting up a FREE Pionex grid bot - click the button to learn more.
Crypto arbitrage still works like a charm, if you do it right! Check out Alphador, leading crypto arbitrage bot to learn the best way of doing it.

Tags:

Boluwatife Afe
Boluwatife Afe

Boluwatife is a dedicated content strategist specializing in the crypto industry and is passionate about blockchain technology and digital currencies. With a keen eye for emerging trends and a talent for making complex topics accessible, Boluwatife aims to educate and inspire the crypto community through engaging and insightful content.

CaptainAltcoin
Logo