ONDO Price Prediction: Analyst Eyes $2.80 Target as Bullish Pattern Emerges

Renowned crypto analyst Ali has spotted a bullish ascending channel forming for ONDO, predicting a potential rally to $2.80. Currently trading at $0.998 with a 6.6% weekly dip, technical indicators point to significant upside potential.

Since mid-2024, ONDO's price action has followed this ascending parallel channel, marked by key levels: $0.70 (support), $1.40 (midline), and $2.80 (resistance). Recent movement above the lower boundary signals growing momentum, though the token remains just under the $1 psychological level.

Market watchers emphasize the channel's resilience despite short-term volatility. A decisive break above $1.40 could trigger accelerated gains toward the $2.80 target, while the $0.70 support level remains crucial for maintaining the bullish outlook.