Prominent analyst Crypto Winkle shared that ONDO’s price broke out from a falling wedge pattern, escaping a bearish trend after 230 days of accumulation. This has triggered discussions over potential price heights.
Technical Analysis and Projections
The Falling Wedge pattern is typically a precursor to bullish reversals. ONDO’s breakout has increased momentum, hinting at growing buyer interest. Crypto Winkle projects three price targets for ONDO—$1.55, $2.24, and $3.40, based on historical price zones and Fibonacci extensions.
Key Levels and Resistance Zones
ONDO’s price action reflects support and resistance dynamics, with the $0.65–$0.70 range transitioning into a support base. Resistance levels at $1.55, $2.24, and $3.40 correspond to historical price clusters. The breakout candlestick suggests a bullish continuation, supported by active market participation.
Market and Social Media Insights
Social media has fueled optimism about ONDO. Crypto Winkle’s tweet mentions institutional-grade solutions from Ondo Finance, attracting interest from investors. Speculation about a potential Binance listing has contributed to market excitement.
With ONDO trading above previous resistance zones, traders eye targets of $1.55, $2.24, and $3.40. ONDO is positioned for further growth, provided support levels are maintained.
