Analysts split on ONDO: 170% gain to $2.80 vs 18% drop to $0.86 from $1.04

Analysts have presented diverging technical outlooks for Ondo Finance’s (ONDO) token price as it trades near $1.04, with bullish and bearish scenarios highlighting the token’s volatility. Crypto analyst Ali Martinez argues for a potential surge to $2.80, citing a rising channel pattern on a 3-day chart. The price has rebounded from the lower boundary of this channel and is approaching key resistance at $1.05. Martinez envisions a stair-step rally, with intermediate targets at $1.40–$1.50, $1.70–$1.90, and ultimately $2.80. This projection gains credibility from ONDO’s three-year history of bouncing from the same support zone, reinforcing the channel’s validity [1].

Conversely, MoreCryptoOnline employs Elliott Wave Theory to caution against premature optimism. According to this framework, ONDO remains in Wave 4, with the current rebound potentially representing a B-wave correction. A subsequent C-wave decline could follow before a breakout occurs. The analyst notes that ONDO is near the 23.6% Fibonacci retracement level, with $1.04 acting as a critical support. A break below this threshold could trigger further dips toward $0.97, $0.91, or even $0.86 [1].

Technical indicators underscore the importance of the $1.04–$1.10 range. A clean close above $1.10 could signal a broader rally, while a breakdown might confirm a bearish C-wave scenario. Both analyses agree on the significance of this zone, though their conclusions about the trajectory differ sharply. Coinpedia aligns with the technical framework, identifying $1.15 as a pivotal resistance level. A breakout above $1.26 could propel ONDO toward $1.50, while a failure to hold above $1.15 risks a decline [5].

Beyond these analyses, broader market factors could influence ONDO’s trajectory. CCN.com highlights a potential 75% price surge if momentum from the 21Shares ETF filing gains traction, while Coinpedia cites a 30% surge linked to the same catalyst. However, these forecasts remain speculative, contingent on regulatory outcomes and institutional adoption [2][5]. CaptainAltcoin’s wave pattern analysis further complicates the outlook, warning of a possible pullback after a 5-wave impulsive rally in 2024 [1].

The divergence in forecasts reflects the crypto market’s inherent volatility and the need for close monitoring of key levels. While bullish scenarios hinge on sustained buying pressure and ETF-related optimism, bearish views emphasize corrective patterns and Fibonacci support breakdowns. Traders must weigh these technical and market-driven factors as ONDO navigates this critical juncture.

Source:

[1] [Here’s Where This Analysts Say ONDO Price Could Go Next](https://coinmarketcap.com/community/articles/6882ca251e2c5e524ec0bba5/)

[2] [ONDO Price on Track for 70% Surge — 21Shares ETF ...](https://www.ccn.com/analysis/crypto/ondo-price-surge-21shares-etf-filing-catalyst/)

[5] [21Shares Files Spot ONDO ETF, Is 30% Price Surge ...](https://coinpedia.org/news/21shares-files-spot-ondo-etf-is-30-price-surge-coming-soon/)