ONDO Finance (ONDO) Price Prediction 2024-2025

ONDO showed fascinating growth of nearly 30% in the past two weeks. Intraday, it grew just 2%. Tradingview data shows its all-time high is $1.48

ONDO Finance (ONDO) has shown promising growth over the last two weeks, surging nearly 30% in value. However, despite this impressive rally, ONDO still trades at a 29% discount from its all-time high.

Key Points:

ONDO price بالا رفت 30% in the last 14 days, while the price showed a 29% loss from its all-time high.

Trading at $1.05, the price surged almost 400% from its lowest point.

suggesting that the price is nowを目指す for a new record high.

According to Tradingview data, the all-time high price for ONDO is $1.48, which is now 29% lower from the current price. In contrast, the all-time low price for ONDO is $0.1965, indicating that the price surged nearly 400% from its lowest point.

As of writing, the total market cap for ONDO is $1.491 Billion, ranking among the top 100 global crypto’s list at 59th place. The total circulating supply is 1.389 Billion ONDO (13.89%) out of the total supply of 10.0 billion ONDO.

chainlink price today is interesting as the price surged from the lower support. Now, the price is facing selling pressure at a crucial resistance zone. A breakout from this zone could lead to a new all-time high for link coin price.

suggesting that the price is nowを目指す for a new record high.

Total Value Locked (TVL) in ONDO

The total value locked (TVL) in ONDO has exhibited a remarkable trajectory since its inception. Commencing at approximately $200 Million in March, the TVL has surged to reach $56.45 Million as of July 18th, 2024. This impressive growth, amounting to nearly 3x, highlights the increasing confidence and active participation among ONDO holders and stakeholders.

A Closer Look at the ONDO Daily Price Chart

A technical analysis of the ONDO daily price chart reveals earlier price action breaking out in mid-May 2024 from a symmetrical triangle pattern hitting the $1.47 mark. However, the supply pushed away, forming support at $0.8752 by July 8th in resonance with BTC price activity.

The broader picture showcases on the daily chart that the price was hitherto in an upward channel. However, as BTC dipped, Coin fell sharply and breached the channel’s lower border.

The overall sentiment turned bearish as its price structure became bearish, forming a bearish pattern, precisely a rising wedge pattern.

Despite the bearish overall sentiment, the hopes are still alive as the ONDO surged from a critical support level on July 8th. However, BTC stopped as it encountered resistance, and so did the ONDO price, which was met at $1.15.

Looking more closely, once BTC crosses the historical level of $66K, ONDO Finance would most likely surpass the $1.15 hurdle. If this happens, ONDO would re-enter its upward channel and continue its trading activity in the wedge.

What Do the Price Indicators Suggest?

The recent bullish sentiment developed in the past two weeks signifies that the 50-day EMA band seems likely to jump sooner.

Meanwhile, other tech tools like MACD and RSI signify a bullish outlook in ONDO. MACD has shown a bullish presence despite being in the bearish territory. It depicted the current sentiment based on price action, which is bearish in the larger outlook.

However, in shorter aspects, the trend has turned bullish. Contingent on buyers, this lesser outlook could also become significant once prominent critics are met on the daily price chart.

suggesting that the price is nowを目指す for a new record high.

ONDO Price Forecast: Resistance and Support Levels to Watch

Based on recent structure and sentiment, if the interruptions are cleared at $1.15 and $1.45, the price could generate a new all-time high of $2.00. This would be a 2x gain.

However, if larger sentiments dominate the lesser sentiments, ONDO could decline heavily towards previous lows. The life-saver would be at nearly $0.87 and $0.68, and once these are taken, a final layer of support in the ONDO would be $0.3850.

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