ONDO is getting noticed after breaking through a price barrier, and people think it could go up 30-40%. The price movement looks strong based on technical charts, and crypto analyst Trader Mario talked about it on X (formerly Twitter). ONDO is doing better than Bitcoin right now, showing it’s got some real strength in the market.
ONDO Price Chart Analysis
The chart analysis reflects ONDO’s price consistent uptrend since early December, marked by higher lows supported by a rising trendline. Over the past week, price movements formed a symmetrical triangle pattern, often seen as a signal for potential breakouts. ONDO successfully broke through the upper boundary of the triangle, confirming its bullish trajectory.
Following the breakout, projections suggest a price target between $2.8 and $3.0. This range corresponds to a 30-40% increase from the breakout level near $2.0. The chart further shows minor pullbacks during the price ascent, indicating a healthy consolidation phase as the token continues its climb.
Image Source: X/TraderMario Support and Resistance Levels
ONDO’s price movements are supported by two key levels. The ascending trendline has provided reliable dynamic support, with each downward dip meeting strong buying interest. Additionally, a horizontal support zone has formed around $1.95, further strengthening the bullish case.
On the resistance front, $2.6 appears as an interim barrier, with the primary resistance sitting near $2.8. This level represents the upper limit of the anticipated target zone and will serve as a key price test in the near term.
Trader Mario’s Tweet Reinforces Bullish Outlook
Crypto analyst Trader Mario highlighted ONDO’s strength in a tweet, emphasizing its outperformance against Bitcoin. He noted that ONDO’s price has maintained its position “very strongly” and confirmed a breakout on lower time frames (LTF). Based on his observations, Mario projects an upcoming rally with an upside potential of 30-40%.
The tweet aligns with the technical chart analysis, where the breakout and momentum point toward further upward movement. ONDO’s ability to sustain its position relative to Bitcoin signals growing investor confidence in the token.
Read Also: Is Bitcoin (BTC) Price Correction Imminent? Experts’ Analysis
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