ONDO Primed for Multi-Leg Rally: Key Levels Signal 2000% Cycle Potential
ONDO's chart is whispering a secret—and it's screaming a 2000% upside.
Forget the sideways chop. Technical structure suggests this asset is coiling for a multi-leg advance that could redefine its cycle. The setup isn't just promising; it's textbook.
The Anatomy of a Breakout
Key support levels have held with the tenacity of a Wall Street banker clinging to their bonus. Each test has been met with aggressive buying, building a foundation that looks more like a launchpad than a floor. Resistance? It's not a wall, it's a threshold.
Cyclical Targets in Sight
The 2000% cycle potential isn't plucked from thin air. It's measured. Fibonacci extensions, historical volatility bands, and volume-profile voids all point toward the same ambitious price zones. This isn't hopium; it's geometry meeting momentum.
The path won't be a straight line—significant rallies rarely are. Expect pullbacks, shakeouts, and the usual chorus of doubt from traditional finance pundits who still think blockchain is a fad. Their skepticism is your signal.
Watch the key levels. If they break as projected, ONDO isn't just aiming for new highs. It's scripting a rally that could become a case study—another reminder that in crypto, the most outrageous targets often become the most obvious entries in hindsight.
Technical Momentum Signals Building Upside
The indicators on a daily chart reflect a change in momentum. The MACD histogram is also positive at the moment. The MACD is approaching a bullish cross. This implies a weakening pressure on the sell side and a growing presence of buying pressure. The RSI indicator has also moved closer to the level of 60 after staying around an oversold region for a few weeks.
The range oscillator is also positive for the first time in the early stages of the ongoing accumulation trend. In the past, such a move for the ONDO has been followed by a multi-week rally, and therefore, the ongoing rally might still be part of the downtrend.
Source: TradingviewONDO Key Levels to Watch for Breakout or Breakdown
The initial level to move past is in the $0.48-$0.52 zone. This level corresponds to previous trading activity and resistance levels. In the event of a clean close above this resistance level, it WOULD likely propel the trend to $0.60 or above to other highs, such as $1, $2, and above, as a result of possibly transitioning from accumulation to markup phases. On the lower side is the level of support in the $0.40-$0.38 zone.
The Fibonacci projection shows that if the demand zone continues to be strong, then a multi-stage rally for Ondo might begin. It will target the resistance at mid-ranges and then the higher levels. The target projection shows a potential gain of over 2000% in the future.