ONDO Token Surges 15% as Key Resistance Breach Sparks Bullish Momentum
Ondo’s ONDO token surged 15.63% to $1.01, breaking out from its descending channel pattern. Analysts suggest potential for up to 66% gains as whale accumulation and institutional interest accelerate.
The market structure now favors bulls following confirmation of an inverted head-and-shoulders pattern. Traders are watching for a decisive close above the $1.02 resistance level to confirm continuation, though overbought conditions may lead to a short-term pullback.