Ondo Finance Surges 3% After Technical Breakout

Ondo Finance (ONDO) has recently garnered significant attention from investors and analysts following a notable technical breakout. This development has ignited optimism in the market, with some predicting a potential rally that could drive ONDO to new all-time highs.

The breakout occurred as ONDO successfully surpassed a long-standing descending trendline that had acted as resistance for several months. This trendline had been a significant barrier, preventing the price from achieving substantial gains since its peak late last year. The recent breakout, which saw the price surge above the $0.88 to $0.90 range, marked a critical turning point for ONDO. At the time of the analysis, ONDO was trading near $0.91, indicating a clear exit from the falling wedge pattern that had dominated the market for the first half of 2025. This breakout was characterized by strong volume and followed a period of sideways consolidation, a common precursor to significant market movements.

Analysts, including World Of Charts, have outlined the potential upside for ONDO if the breakout is confirmed with a successful retest. The chart analysis suggests that if ONDO maintains its new support level, the price could climb to $1.46, representing a gain of over 185% from the breakout level. This target area aligns with a previous support zone that has since turned into resistance, a common point for price revisits during strong upward movements. Additionally, the chart indicates a possible steep acceleration in price if momentum continues to build, potentially pushing ONDO past psychological resistance levels like $1 and aiming for a new all-time high.

The next crucial step for ONDO is to confirm this breakout by not falling back below the previous resistance level of $0.88 to $0.90. Traders and investors will be closely monitoring this zone to see if it holds, as this could serve as the foundation for a fresh leg up in the price. If successful, ONDO could potentially become one of the best-performing tokens of the season.

Beyond the technical analysis, ONDO has been gaining traction due to its real-world asset tokenization narrative. This growing interest, coupled with a favorable market environment, could amplify the impact of the recent breakout. The focus now is on the retest and follow-through, with analysts predicting that ONDO could be on the verge of a powerful move that takes it back to price discovery territory.