ONDO is currently trading at $1.08 and marked a 2.05% decline in the last 24 hours. The trades volume also took a steep dive down to $210.56 million and was lower by 44.83%, showing diminishing short-term activity.
Despite this short-term consolidation, the short-term strength of the coin has been phenomenal in the last week by climbing 20.39% and leaving behind many of the middle-cap cryptocurrencies.
The one-week price surge is attributed by observers to overall euphoria in the decentralized finance (DeFi) space and rising use of the coin in liquidity applications. The week’s performance of the project put it among the closely observed assets in the altcoin space.
Crypto analyst BitMonty pointed out ONDO’s development of a cup and handle pattern in the weekly chart, a classic bull shape. According to him, “momentum is building” as the token tries to turn resistance into support. BitMonty’s price predictions are for $1.40 (T1), $1.56 (T2), and $1.71 (T3) and indicate a possible continuation in the event the breakout is successful.
The technical set-up has been appealing investors seeking medium-term trade prospects. A successful crossing above the $1.08 mark can lay the foundation for a long-lasting uptrend.
In the unlikely event support fails to hold, though, the shares can move back towards the previous consolidation areas and stress the significance of risk management by investors.
Also Read | ONDO Breaks Key Resistance, Targets $2.13 Amid Institutional Adoption
DigitalCoinPrice is optimistic about the trajectory and pinpoints a potential crossover by year-end above $2.14 and even near $2.38 should the current trends in the market persist. These levels would register a new record high and indicate increasing faith by investors in the DeFi partnerships by Ondo.
In comparison, Changelly’s analysis assumes a more conservative stand by predicting a low of $1.25, high of $1.37, and average annual trade at around $1.29 in 2025. In the September 2025 estimate, Changelly’s projections see ONDO possibly trading in the range of $1.08 and $1.29 and potential ROI at 17.3%.
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