ONDO aims for 2 dollars: rise of 130% is waiting

Although it has not yet been able to escape the bearish trend, ONDO may be preparing for a breakthrough, with the potential for growth exceeding 2 dollars. Some experts believe that the company could replicate its successful strategy in 2024 if it holds the current price level.

ONDO aims for $2: 130% growth is on the horizon

ONDO of Ondo Finance is striving to reclaim an important price zone amidst a bearish market. Notably, this cryptocurrency has struggled to hold the $1 mark since losing this support area more than three months ago.

In December last year, the RWA token reached an all-time high of (ATH) at $2.14, when U.S. President Donald Trump's cryptocurrency venture, World Liberty Financial (WLF), purchased 134,216 ONDO tokens for 250,000 USDC.

This has helped push the price of ONDO above the $2 threshold for the first time, but the adjustments at the end of 2024 and the beginning of 2025 have constrained the momentum of this cryptocurrency, bringing the price down to the $0.60-0.70 range.

After a recovery at the end of April, ONDO has returned to the level of 0.85 dollars and escaped the prolonged bearish trend. Throughout May, the coin fluctuated around the range of 0.85-1.1 dollars, peaking at 1.13 dollars nearly a month ago.

However, after that, the price of ONDO experienced a prolonged fall lasting a month, dropping below the local support level after the recent market correction. Nevertheless, ONDO showed signs of recovery in the past week, reaching a weekly high of $0.92 on Wednesday.

According to cryptocurrency analyst World of Charts, "After a long adjustment period, ONDO is finally showing positive prospects for the medium term." He believes that as ONDO attempts to reclaim the $0.9 price range, the coin will soon break free from the 下行 trend and enter a growth phase of 130%, aiming for the $2 level.

Last Thursday, analyst Sjuul from AltCryptoGems noted the performance of ONDO over the past year and affirmed:

"There aren't many coins in the current market that look as good as ONDO on long time frames."

He explained that ONDO, or "The King of RWA", has maintained a strong bullish structure since its launch, creating a series of higher lows over the past year while holding the ascending support trend line.

Analyst Alex Clay also believes that ONDO could witness significant growth in the near future, based on the company's performance in 2024.

According to market observations, this token is currently accumulating at the bottom of a gradually ascending price channel that has lasted for 15 months, where it has previously bounced back strongly, paving the way for growth towards ATH.

As Clay explained, after reaching the peak of the channel last year, ONDO experienced a prolonged fall towards the bottom of the channel, before creating higher lows. This was followed by a strong bullish move towards the peak.

This year, ONDO is "following the positive trend of last year's bullish Fractal," after falling to the lower boundary of the channel, breaking out of the bearish trend and creating higher lows.

"These two factors are completely sufficient to push the price to the top of the channel," the analyst concluded. If history repeats itself, ONDO could rise to the price range of 2.8-3 dollars.

As of the time of writing, ONDO is trading at $0.77, down 7.4% in the daily timeframe.

Taylor