ONDO Price Prediction: 130% Rally Incoming?
Note: This post may contain affiliate links, and we may earn a commission (with No additional cost for you) if you make a purchase via our link. See our disclosure for more info. The crypto world is constantly changing. This content is for informational purposes only and not financial, legal, or professional advice So, please verify the info on the cryptocurrency provider’s websites.
ONDO, the native token of Ondo Finance, is showing signs of a potential resurgence. Despite a recent market pullback and a downtrend lasting over three months, analysts are optimistic about its future. After hitting an all-time high (ATH) of $2.14 in December 2024 following a significant purchase by World Liberty Financial, ONDO experienced corrections, dropping to the $0.60-$0.70 range. However, a recent recovery saw it reclaim the $0.85 area and break out of its downtrend. While it dipped again following a market pullback, it's currently attempting to reclaim its $0.85-$1.10 range. Analysts like World of Charts and Sjuul from AltCryptoGems highlight ONDO's strong performance on higher timeframes, noting its bullish structure since launch and a series of higher lows. Analyst Alex Clay suggests a parabolic run is possible, pointing to a 15-month ascending channel where ONDO has historically bounced before significant rallies. He sees a bullish fractal repeating from 2024, where a similar pattern led to a significant price increase. Clay suggests a potential surge towards the $2.8-$3 area if this pattern repeats. Overall, despite the recent dip, the confluence of technical analysis and historical performance suggests a strong possibility of a significant rally, potentially reaching the $2 mark or even higher, based on various analysts' predictions. The token's performance will largely depend on broader market conditions and the continued growth and adoption of Ondo Finance's platform.
(Source: https://www.newsbtc.com/news/ondo-to-repeat-2024s-parabolic-run-analyst-anticipates-130-rally-soon/)
