ONDO Price Prediction: Bullish Falling Wedge Pattern Signals Potential Breakout to $2.05

ONDO is forming a bullish falling wedge pattern, a technical setup that historically indicates significant upward momentum. The token's current trading range ($0.73–$0.78) serves as a crucial accumulation zone, with strong demand suggesting growing institutional interest.

Despite recent volatility—including a 2.95% daily decline and 4.45% weekly drop—the asset shows robust breakout potential. Analysts pinpoint $2.05 as the primary target if the wedge pattern confirms, while $0.58 stands as critical support for risk management.

Trading volume trends and market sentiment indicators support this optimistic outlook. Analysts like Core crypto emphasize ONDO's rising prominence as it tests resistance levels, with $119 million in daily turnover highlighting active market participation.