ONDO Primed for Another 130% Parabolic Surge? Analysts Eye 2024 Repeat
Buckle up—ONDO might be gearing up for another moonshot. After its jaw-dropping rally earlier this year, analysts are whispering about a 130% price explosion. Again.
The Setup:
Patterns don’t lie—or do they? Traders are spotting eerie similarities between ONDO’s current consolidation and its pre-pump behavior in 2024. The token’s coiled like a spring, and history loves repeating itself in crypto.
The Target:
That 130% projection isn’t plucked from thin air. It’s the same percentage gain that turned early ONDO holders into smug Twitter braggarts last year. Now, the question is whether institutional bag-holders will let retail taste the same gains this time.
The Catch:
Let’s be real—if this plays out, half the market will claim they ‘called it’ while quietly closing leveraged positions. Crypto’s favorite game: predicting the past.
ONDO Breakout Eyes $2
ONDO, the native token of the tokenized real-world asset (RWA) platform Ondo Finance, is attempting to reclaim a key area amid the market pullback. Notably, the cryptocurrency has struggled to hold the $1 mark since losing the area as support over three months ago.
In December, the RWA token hit its all-time high (ATH) of $2.14 after US President Donald Trump’s crypto venture, World Liberty Financial (WLFI), purchased 134,216 ONDO tokens for 250,000 USDC.
This propelled ONDO’s price above the $2 barrier for the first time, but the late 2024 and Q1 2025 corrections halted its bullish momentum, sending its price to the $0.60-$0.70 range.
Following the late April market recovery, ONDO’s price reclaimed the $0.85 area and broke out of its multi-month downtrend. The cryptocurrency then hovered between the $0.85-$1.10 levels throughout May, hitting a three-month high of $1.13 nearly a month ago.
Since then, the token has been in a one-month downtrend, dipping below its local range after the recent market pullback. However, the cryptocurrency has been attempting to reclaim this range for the past week, hitting a one-week high of $0.92 on Wednesday.
Crypto analyst World of Charts highlighted the token’s performance, affirming, “after a long correction, Finally Looking Good For Midterm.”
As Ondo attempts to reclaim the $0.90 area, the analyst anticipates that the cryptocurrency will soon break out of its current range and the downtrend line, forecasting a 130% rally toward the $2 barrier.
2024 ATH Repeat Coming?
On Thursday, analyst Sjuul from AltCryptoGems noted ONDO’s performance over the past year, asserting, “Not sure there are many other charts looking as good on high time frames like ONDO.”
He explained that “The King of RWA” is “basically holding a bullish structure since its launch,” making a series of higher lows for over a year while maintaining its ascending support trendline.
Meanwhile, analyst Alex Clay suggested that ONDO could see a parabolic run based on its performance in 2024.
The market watcher noted that the token is currently accumulating at the bottom of a 15-month ascending channel, which previously served as a crucial bounce point for its rally toward its ATH.
As Clay explained, after reaching the channel’s upper boundary last year, ONDO saw a multi-month downtrend toward the lower boundary, before printing a higher low. This was followed by a massive rally toward the channel’s top.
This year, ONDO is “following the Bullish Fractal from the previous year” after falling to the channel’s lower boundary, breaking out of the downtrend line, and registering a higher low.
“These 2 reasons are more than enough to pump straight up to the channel’s top,” the analyst concluded. If history repeats, the cryptocurrency could surge toward the $2.8-$3 area.
At the time of writing, ONDO trades at $0.84, a 5.2% decline in the daily timeframe.
