What to know:
- ONDO price confirmed a bullish breakout from a long-term wedge, signaling strong upside momentum and buyer confidence.
- Analysts see ONDO targeting $0.54, $0.78, and possibly $1.08 if bullish momentum continues.
- Ondo Finance expanded its ecosystem with tokenized stocks and ETFs bridging to Hyperliquid via LayerZero.
ONDO price has broken out of a long consolidation phase, signaling strong bullish momentum supported by rising trading volume and renewed buyer interest. Meanwhile, Ondo Finance has expanded its ecosystem by enabling tokenized stocks and ETFs to bridge to Hyperliquid through LayerZero. According to CoinMarketCap, the ONDO price is standing at $0.4341 with a 24-hour gain of 5.47%.
Source: CoinMarketCap
ONDO Price Breakout Signals Massive Rally Ahead
Furthermore, the crypto analyst Jonathan Carter highlighted that the ONDO price has confirmed a powerful breakout above its broadening wedge pattern on the daily timeframe, signaling renewed bullish momentum across the market.
The breakout follows weeks of consolidation and has already delivered an impressive 71% rally from the previous accumulation zone. Rising trading volume and strengthening price action suggest buyers remain firmly in control.
Source: Jonathan Carter’s X Post
Jonathan Carter is now watching key upside targets for the ONDO price at $0.54, $0.78, and the major psychological level of $1.08.
A successful hold above the breakout zone could trigger another strong expansion phase for the ONDO price. Traders believe continued market strength may further accelerate ONDO’s bullish momentum in the sessions ahead.
Also Read: ONDO Price Prediction: Can Bulls Push the Token Toward $0.76 Resistance?
Technical Indicators Support Bullish Momentum
According to TradingView, the ONDO price has emerged with immense strength in a bullish breakout following a long period of consolidation sideways.
The ONDO price moved upwards to $0.428 and managed to reclaim all its essential exponential moving averages. It is a significant structural shift in the market, whereby the previous resistance levels have become support levels.
Source: TradingView
The technicals suggest that the advance is running out of steam. The Relative Strength Index is at an overbought level of 79.20, suggesting that a retracement may be imminent.
Although the up move remains intact, a retracement down towards $0.40 is a possibility. This would give some room for consolidation for the ONDO price before the next run at breaking above the psychologically important level of $0.50.
Ondo Brings Tokenized Stocks to Hyperliquid via LayerZero
Apart from the price movements, Ondo Finance has expanded its tokenized stock platform through bridging assets to the HyperEVM on Hyperliquid using LayerZero.
Through this process, traders are able to take positions in tokenized stocks and exchange-traded funds from decentralized platforms, where traders can leverage spot trades with perpetual futures.
Source: Ondo Finance’s X Post
With the token listing, the way is paved for advanced trading strategies, including basis trades and delta-neutral strategies, which can be employed by eligible perpetual contracts available on Hyperliquid.
Companies like Melt Finance and Felix Protocol are among those that have been quick to integrate Ondo’s tokenized stock offerings and ETFs on their platforms.
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
Also Read: Ondo Finance Price Signals Breakout Toward Key $0.60–$0.65 Resistance
Be the first to comment