ONDO Price Prediction: 130% Rally Incoming?
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/)
