
ONDO is beginning to catch some severe consideration within the crypto area, particularly amongst merchants watching the Actual World Asset (RWA) narrative unfold. Crypto skilled Ted has stirred the dialog on X, pointing out that ONDO price chart is showing a familiar pattern, one that appears a lot like what occurred again in Q3 2024.
In his publish, Ted laid out a attainable state of affairs: a short-term push towards $1.00, a dip to round $0.90, after which a potential breakout to a new all-time excessive. What’s making this much more fascinating is ONDO’s rising position within the RWA sector. The mission now holds almost $1 billion in whole worth locked and its stablecoin, $OUSG, has handed the $500 million market cap mark. That sort of progress has merchants being attentive to what would possibly come subsequent.
ONDO Technical Setup Reveals Breakout Potential
The ONDO price chart reveals a descending wedge formation, generally related to bullish breakouts. Two earlier downward trendlines had been examined a number of instances earlier than ONDO broke by means of, leading to sharp rallies. A 3rd trendline is now beneath strain as value consolidates just under it.
Help between $0.72 and $0.75 has been examined 5 instances, forming a base that aligns with prior accumulation zones. This repeated protection suggests patrons are actively supporting the present vary, awaiting a decisive transfer. The chart additionally contains a seen fractal construction, mirroring the Q3 2024 setup that preceded ONDO’s earlier breakout.
$ONDO fractal seems like Q3 2024.
RWA narrative is heating up as establishments are constructing.
ONDO is presently the most important RWA participant with almost $1B TVL and $OUSG stablecoin with > $500 MCap.
My base case state of affairs is a pump in the direction of $1 adopted by a correction to $0.9
After… pic.twitter.com/HWOUSedfIX
— Ted (@TedPillows) April 2, 2025
ONDO Fractal and Help Construction Aligned
The sample beneath remark contains a collection of upper lows beneath the descending resistance, which is usually an early signal of value compression. As this construction narrows, a breakout turns into extra seemingly, particularly if quantity will increase. Historic habits of ONDO has proven that sturdy breakouts typically observe such setups.
Quantity on the chart has not but proven main spikes. Nonetheless, earlier rallies had been preceded by low-volume intervals adopted by sharp will increase as soon as resistance was breached. If this habits repeats, the value of ONDO may take a look at the $1.00 resistance zone earlier than retracing and establishing assist at $0.90.
ONDO Price Forecast Primarily based on Historic Motion
Ted’s tweet outlines a projected state of affairs the place ONDO first rallies to $1.00, faces a correction to $0.90, after which begins a bigger upward development. His comparability to Q3 2024 attracts consideration to a near-identical sample taking part in out, with ONDO sustaining a sturdy presence within the RWA sector all through.
A transfer previous the $1.00 mark would align with each technical and basic momentum, particularly as institutional curiosity in tokenized real-world property continues to construct. Whereas the sample suggests a potential breakout, the price of ONDO will need to close above the descending resistance to verify this transfer.
Observe us on X (Twitter), CoinMarketCap and Binance Square for extra each day crypto updates.
Get all our future calls by becoming a member of our FREE Telegram group.
We recommend eToro
Energetic person group and social options like information feeds, chats for particular cash out there for buying and selling.
Big selection of property: cryptocurrencies alongside different funding merchandise resembling shares and ETFs.
Copy buying and selling: permits customers to repeat the trades of main merchants, without spending a dime.
Person-friendly: eToro’s web-based platform and cellular app are user-friendly and simple to navigate.
Source link