Ondo Finance (ONDO) recently announced a partnership with Donald Trump's company, World Liberty Financial (WLFI). This event could significantly influence future price movements on the cryptocurrency market.
Chart Analysis and Market Behavior
The ONDO/USDT chart on the Bybit exchange reveals a descending wedge formation, often indicative of a potential breakout. Currently, the price stands at 1.3966 USDT, reflecting a 5.02% daily increase. Despite several unsuccessful attempts to break through resistance, the market remains in a state of uncertainty.
Fundamental Impact: Trump's Partnership
The recent partnership with WLFI marks a strategic transition for ONDO. This collaboration may attract investor attention through its focus on real-world assets (RWA) and long-term growth. The market may experience increased volatility depending on how investors perceive this news.
Expected ONDO Price Movements
A breakout or breakdown from the wedge could initiate significant price changes. If buyers gain momentum, resistance above 1.50 USDT becomes a target, while a breakdown may test support below 1.20 USDT.
ONDO's partnership with WLFI and current technical analyses point to potential significant market shifts, sparking interest among investors watching the cryptocurrency for growth potential.
