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ONDO Finance (ONDO) Price Analysis: Triple Bottom pattern Fuels the Rally To $1.50

• ONDO forms a triple bottom near $0.86, indicating strong support and potential trend reversal.
• ONDO Recognized as a strong RWA crypto project, highlighting adoption and real-world use.
• A daily close above $1.10 could ignite a bullish rally, potentially pushing ONDO toward the $1.30–$1.50 range.

ONDO has dipped slightly but shows early signs of a rebound, in line with the overall crypto market, as the market is shifting from a neutral phase to a recovery phase. The coin has confirmed a triple bottom formation, and sustained momentum may drive it toward fresh highs.

At the time of writing, ONDO is trading at $0.9207 with a 24-hour trading volume of $162.97 million and a market capitalization of $2.9 billion. The ONDO price over the last 24 hours is down by 5.82%, and over the last week it is also down by 2.49%.

Source: CoinMarketCap

Also Read: ONDO Token Drops to $0.91 – Analysts Predict $2.02 by 2025

ONDO Eyes $1.50 After Triple Bottom Pattern

According to the crypto analyst, the ONDO token is gaining attention in the crypto market, with its chart pattern showing slightly bullish movement on the higher time frames (HTF). Technical experts have identified the creation of the triple bottom near $0.86, the technical formation showing strong support and reversal in the trends. 

A daily close above the level of $1.10 will act as the price discovery catalyst that will potentially push the token to the zone of $1.30–$1.50 or even further. Such a breakout will indicate the strong buying momentum and market interest, indicating the fact that the ONDO is on its major bull ride.

Source: X

ONDO is also recognized as an excellent project among the Real World Assets (RWA) projects. Such strong fundamentals qualify it as an exciting long-term investment, where the token benefits from growing adoption and real-world usability.

Derivatives Data Signal Cautious Sentiment

The Derivatives market is slowing as both trading volume and open interest decline. Volume fell by 12.58% to $641.51 million, and open interest fell 7.02% to $413.94 million, suggesting decreased activity with traders closing or not taking positions.

Source: Coinglass

The OI-weighted funding rate is low at 0.0056%, suggesting low use of leverage on cautious sentiment. Such subdued activity is an indication that the market is consolidating, with market players looking for the catalyst for its next movement.

Source: Coinglass

Also Read: ONDO Finance (ONDO) Price Prediction: $2 Breakout Ahead?

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