ONDO is attracting market attention on Saturday, February 14, after forming a descending broadening wedge on the 4-hour timeframe, a structure often associated with volatility and potential bullish reversals.
According to crypto analyst ZAYK Charts, the pattern shows expanding price swings with lower highs and lower lows, signaling rising market indecision. Traders are closely watching resistance as the price approaches the upper boundary of the formation.
Source: ZAYK Charts X Post
A confirmed breakout above this resistance could ignite bullish momentum, with analysts projecting a move toward the $0.40 level as the next key target.
Strong volume will be essential to validate the breakout and sustain upside continuation. If momentum weakens, price may remain inside the wedge, keeping traders cautious amid ongoing crypto market volatility and shifting sentiment.
Also Read: ONDO Bulls Watch $0.47 Flip: Could This Trigger Rally Toward $5+?
According to TradingView, as of Saturday, February 14, ONDO shows a recovery after a sharp drop, forming higher lows and higher highs.
Price has climbed back toward the $0.28 resistance zone, signaling a short-term uptrend. Holding above roughly $0.26 would support continuation, while rejection here may trigger consolidation before another move higher.
Source: TradingView
Additionally, momentum indicators also support the bullish sentiment. The RSI is currently in the low 70s, which means there is a lot of buying activity, but it also means it might be nearing a point where there will be a pullback.
The MACD indicator also made a bullish crossover, which means there is increasing momentum behind the price.
Apart from this bullish price movement, on Thursday, February 12, Ondo Finance succeeded in gaining European sanction to launch tokenized stocks and ETFs in the European Union and European Economic Area, which would open the door to 500 million investors in over 30 countries.
The first offerings include blockchain-based versions of well-known US stocks and ETFs, which include QQQon, TSLAon, AAPLon, MSFTon, NVDAon, METAon, AMZNon, GOOGLon, and CRCLon.
This follows the receipt of the base prospectus approval from the Financial Market Authority Liechtenstein, which gives the company the rights to passport its securities into the EU and EEA.
The event marks the increasingly embracing attitude of the financial regulations towards tokenized securities and the prospects of greater investor access to conventional financial markets via blockchain technology.
Also Read: ONDO Upside Strengthens as Market Eyes $0.35 Key Resistance Level
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