Despite not yet breaking free from its downtrend, ONDO appears to be positioning itself for a potential rise above the $2 mark. Analysts indicate that if it maintains its current levels, it may replicate its successful trajectory from 2024.
ONDO, the cryptocurrency associated with the tokenized real-world asset platform Ondo Finance, is striving to regain a significant price level amidst a broader market downturn. The token has faced challenges maintaining the $1 threshold since it fell below this support level over three months ago. In December, ONDO reached its all-time high of $2.14 following a substantial purchase of 134,216 tokens by World Liberty Financial, a crypto initiative linked to former U.S. President Donald Trump. This event briefly pushed ONDO's price above $2, but subsequent corrections in late 2024 and early 2025 reversed its upward trend, leading to a price range between $0.60 and $0.70.
After a market recovery in late April, ONDO reclaimed the $0.85 price point and exited its prolonged downtrend. Throughout May, the token fluctuated between $0.85 and $1.10, achieving a three-month peak of $1.13 nearly a month ago. However, since then, it has experienced a one-month decline, falling below its recent trading range after the latest market correction. Nevertheless, ONDO has been working to regain this range, reaching a weekly high of $0.92 on Wednesday.
Crypto analyst World of Charts commented on the token's recent performance, stating, "after a long correction, it finally looks promising for the midterm." As ONDO seeks to reclaim the $0.90 level, the analyst predicts that the cryptocurrency will soon break free from its current range and downtrend, projecting a potential 130% rally toward the $2 mark.
On Thursday, analyst Sjuul from AltCryptoGems reflected on ONDO's performance over the past year, remarking, "Not many other charts look as promising on high time frames as ONDO." He pointed out that “The King of RWA” has maintained a bullish structure since its inception, consistently making higher lows while adhering to an ascending support trendline.
Moreover, analyst Alex Clay suggested that ONDO could embark on a parabolic ascent similar to its performance in 2024. He noted that the token is currently accumulating at the bottom of a 15-month ascending channel, which has previously acted as a pivotal point for its rallies toward all-time highs. Clay explained that after reaching the channel's upper limit last year, ONDO experienced a multi-month decline to the lower boundary, followed by a higher low, which led to a significant rally toward the channel's peak.
This year, ONDO is "following the bullish fractal from the previous year" after touching the channel's lower boundary, breaking the downtrend line, and establishing a higher low. "These two factors are sufficient to propel the price straight up to the channel’s top," concluded the analyst. If historical trends hold, the cryptocurrency could surge towards the $2.8 to $3 range. At present, ONDO is trading at $0.84, reflecting a 5.2% decrease over the daily timeframe.
