- ONDO forms a cup base pattern, suggesting a breakout toward $2.04, with potential +70% upside gains.
- RSI at 48.91 indicates neutral momentum, while the MACD shows a mild bullish crossover.
- Community sentiment is strongly bullish, with over 144K votes favoring its price appreciation.
Ondo Finance (ONDO) is on the verge of a breakout with an appreciation in its value, mirroring the growing interest in the crypto sector. The coin price over the last 24 hours has risen by 5.44%, but over the last week it has shown stability.
At the time of writing, ONDO is trading at $0.9268 with a market capitalization of $2.92 billion. However, its trading volume increased 9.29% to $197.65 million, reflecting the emerging optimism in the crypto market.
Source: CoinMarketCap
ONDO Cup Base Signals 70% Upside Potential
A prominent crypto analyst, Smith, revealed that ONDO is flashing a magnificent bullish formation as it finishes off a traditional cup base formation, a setup many times associated with explosive rallies.
The token experienced weeks of slow and steady accumulations, with building interest suggesting dominant hands quietly positioning. Now, with momentum gaining traction, ONDO appears ready to make its move to a breakout that may send prices sharply upward.
Source: X
Analysts note that a breakout above resistance would potentially send the token to $2.04, sparking potential gains of up to +70%, positioning ONDO among the best altcoins to buy. The run-up into another higher ground seems to be concluding with limited selling resistance left to hold. With conditions aligning, the next higher leg seems increasingly imminent.
Also Read: ONDO technical setup signals breakout potential toward $1.17123 price level
ONDO Technical Indicators Provide a Bullish Signal
The RSI is currently at 48.91, just below the neutral 50 level, which signals indecision in momentum. It has remained in the 40–60 range, reflecting consolidation rather than a strong directional trend. Since it hasn’t touched overbought or oversold levels, overall sentiment remains neutral.
Source: TradingView
The MACD reveals the MACD line (0.00546) temporarily above the signal line (-0.00185), suggesting a gentle bullish crossover. The histogram is positive but limited, suggesting poor momentum to the move. It is registering an early_recovery signal, however, but the trend cannot be confirmed and is mostly range-bound.
ONDO Community Vote Signals Positive Momentum
According to the data from CoinMarketCap, the sentiment of the community is very optimistic and hopeful with a bullish vote of 86% of the participants. This decisively indicates that a majority firmly thinks that the asset will keep appreciating its value. The sentiment having over 144.2K votes cast represents a significant size of prevalent opinions.
Source: CoinMarketCap
Conversely, 14% of voters are bearish and anticipated a potential drop. Although this is a minority that’s smaller, it only points to the fact that some investors are being careful and ready to face risks. Overall, the community is evident and unanimous with regards to overconfident leanings, strongly tipping the scales to a prolonged positive trend.
Also Read: ONDO Price Analysis: Can Bulls Break $1.00 and Push Toward $1.13 Target?
