Ondo (ONDO) has been moving pretty quietly lately, trading in a tight vary and holding above a robust help stage. Whereas the remainder of the crypto market has been bouncing in all places, ONDO has stayed surprisingly regular.
Based on analyst Crypto Winkle, that may not be a dangerous factor. In a publish on X, he identified that ONDO chart exhibits a symmetrical triangle sample, a setup that usually results in a breakout. He additionally known as this value motion “actual accumulation,” hinting that the token might be gearing up for a greater transfer.
Crypto Winkle additionally highlighted ONDO robust fundamentals. The mission is backed by some main names like BlackRock, Coinbase, and Pantera, and it has over $800 million in complete worth locked. On prime of that, they’re rolling out the brand new Ondo Chain, which is designed for institutional-grade tokenization.
So even though the ONDO price action looks dull on the surface, it’d simply be the calm earlier than the storm, particularly if the Actual World Asset (RWA) narrative begins to warmth up.
ONDO Chart Types Symmetrical Triangle Close to Key Assist
The each day ONDO value chart reveals a symmetrical triangle sample. This formation consists of a rising help trendline and a descending resistance trendline, each of that are narrowing towards the apex. Price has examined the help line a number of instances with out breaking decrease, suggesting ongoing demand close to present ranges.
The value of ONDO stands at $$0.6939, with short-term resistance forming close to the $0.80–$0.85 zone. The broader vary help sits round $0.60–$0.63, which has acted as a basis all through earlier value consolidations. As value nears the triangle’s apex, analysts are monitoring for a breakout above the descending resistance.
Furthermore, the ONDO mission positions itself throughout the RWA area, which includes bringing tokenized real-world property onto the blockchain. Its rising ecosystem contains a Layer-1 chain designed for institutional-grade tokenization. The $800M+ in TVL additional establishes its presence in this section of the market.
Market individuals on social platforms are paying shut consideration to this improvement. Crypto Winkle’s tweet reinforces the narrative that low-volatility ranges usually precede bigger value actions. The chart shared in the tweet additionally outlines a potential upside path, concentrating on ranges as excessive as $3 if the breakout materializes.
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Subsequent Technical Ranges to Watch For ONDO Price Forward of 2025
If ONDO breaks above the $0.85 resistance with robust quantity, the following ranges embrace $1.00, $1.70, and doubtlessly $2.20–$2.50. The symmetrical triangle construction helps this roadmap, with the consolidation part now getting into a late stage.
Should the ONDO price move below the $0.63 support, a draw back situation could develop, concentrating on the $0.51–$0.53 zone. Nonetheless, present positioning suggests bulls proceed to defend the vary. Merchants are intently monitoring each value motion and broader RWA-related developments as 2025 approaches.
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