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ONDO Price Breakout: Analyst Projects $1.40-$1.71 Targets as DeFi Momentum Builds
ONDO Price Breakout: Analyst Projects $1.40-$1.71 Targets as DeFi Momentum Builds
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ONDO News - ONDO's price action is capturing significant attention with divergent performance metrics. Currently trading at $1.08, the token shows a 2.05% daily decline but maintains a strong 20.39% weekly gain. Trading volume dropped 44.83% to $210.56 million, indicating reduced short-term activity despite its mid-cap outperformance.
Technical analyst BitMonty identifies a bullish cup-and-handle formation, projecting targets at $1.40 (T1), $1.56 (T2), and $1.71 (T3). The pattern suggests potential continuation if resistance converts to support. Meanwhile, 2025 forecasts remain broadly divergent between $1.25 and $2.38.
Market observers attribute ONDO's weekly surge to DeFi sector euphoria and growing utility in liquidity applications. The token's recent performance has solidified its position as a closely monitored altcoin, with technical setups attracting medium-term traders.
Technical analyst BitMonty identifies a bullish cup-and-handle formation, projecting targets at $1.40 (T1), $1.56 (T2), and $1.71 (T3). The pattern suggests potential continuation if resistance converts to support. Meanwhile, 2025 forecasts remain broadly divergent between $1.25 and $2.38.
Market observers attribute ONDO's weekly surge to DeFi sector euphoria and growing utility in liquidity applications. The token's recent performance has solidified its position as a closely monitored altcoin, with technical setups attracting medium-term traders.
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