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ONDO Eyes $0.50 Breakout as Franklin Templeton ETF Buzz Fuels Bullish Reversal Hopes

ONDO Eyes $0.50 Breakout as Franklin Templeton ETF Buzz Fuels Bullish Reversal Hopes

Author:

Global Cryptocurrency

Published:

2026-03-26 15:12:10

15

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ONDO News -

ONDO's daily chart shows a persistent descending channel, with parallel trendlines dictating its bearish trajectory since late September. The token has consistently formed lower highs and lows, marked by a sharp breakdown in October. Recent trading near the channel's lower boundary at $0.2555 suggests weakening selling pressure—a potential precursor to a trend reversal.

Analyst Globe Of Crypto identifies an 89% upside potential if ONDO breaks above the channel's resistance, targeting the $0.48–$0.50 range. This hinges on a high-volume breakout confirming bullish conviction. Failure to sustain momentum could see retests of the $0.20–$0.22 support levels. The pattern remains bearish until a confirmed higher high establishes a new structure.

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