ONDO has garnered significant trader interest in recent weeks, with market analysis suggesting a potential 47% price increase. Technical indicators and institutional backing have placed the altcoin at a critical juncture, hinting at an imminent breakout.
Technical Indicators Signal Major Move Ahead
A closer look at ONDO’s price action reveals the formation of a descending triangle, indicating consolidation with lower highs and strong support near $1.0837. Historically, such patterns often precede major breakouts.
The Relative Strength Index (RSI) stands at 34.78, nearing oversold territory—a level that has previously triggered strong reversals for ONDO. Additionally, the Aggregated Spot CVD has surged, reflecting strong buying volume despite recent price declines. This divergence suggests accumulation, reinforcing the likelihood of an upward breakout.
Reduced Leverage Minimizes Sell Pressure
ONDO’s liquidation heatmap shows a clustering of liquidations between $1.10 and $1.20 over the past 24 hours. With most leveraged long positions removed, the risk of forced sell-offs has declined, creating a more stable price environment.
Furthermore, the absence of dense liquidity pockets suggests fewer traders are exposed to high-risk leveraged positions. This shift allows ONDO’s price to move more freely, supporting the case for a bullish breakout.
Institutional Interest Strengthens ONDO’s Market Position
A significant catalyst behind ONDO’s traction is institutional investment. On February 24, 2025, spot inflows surged by $40 million, coinciding with ONDO’s price reaching $2.33. Historically, such inflows have preceded price recoveries.
Notably, Pantera Capital—a leading crypto investment firm with a $4 billion portfolio—has backed Ondo Finance. Their involvement underscores long-term bullish sentiment, reinforcing ONDO’s real-world asset tokenization model as a key growth driver.
ONDO’s break-even analysis shows a current price of $1.07, with 80.04% of traders in profit and only 10.74% at a loss. Loss zones are concentrated above $1.19, limiting downside risks and sell pressure.
With institutional backing, technical indicators, and reduced selling pressure aligning for a bullish move, ONDO appears well-positioned for a breakout. However, macroeconomic conditions and broader market sentiment will ultimately determine whether the altcoin reaches its projected 47% surge.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
Also Read: ONDO Price Crashes Below $1: Bears Tighten Grip as Selling Pressure Threatens Drop to $0.50
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