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.
What you'll learn 👉
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 feels like Q3 2024.
— Ted (@TedPillows) April 2, 2025
RWA narrative is heating up as institutions are building.
ONDO is currently the biggest RWA player with nearly $1B TVL and $OUSG stablecoin with > $500 MCap.
My base case scenario is a pump towards $1 followed by a correction to $0.9
After… pic.twitter.com/HWOUSedfIX
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.
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