ONDO Price Eyes 5x Rally to $5 as Derivatives, Whale Activity, and TVL Surge

Analysts and market participants are evaluating the potential for a significant price surge in the ONDO token, with some forecasts suggesting a 5x rally from current levels. Recent on-chain and technical indicators, combined with derivatives market activity, have sparked renewed interest in the asset. ONDO’s price has shown resilience after a brief correction, rebounding from $0.94 to $1.05 amid a broader cryptocurrency market sell-off [1]. This recovery has been supported by a 40.65% surge in spot trading volume to $209.37 million, indicating heightened liquidity and investor participation [1].

The derivatives market further reinforces a bullish bias. Open Interest (OI) in ONDO futures has climbed to $494.52 million, while derivatives volume has grown 38.7% to $685.29 million [1]. The OI-weighted funding rate has turned positive, signaling a dominance of long positions and suggesting market participants are positioning for further price appreciation [1]. Whale activity has also intensified, with 22 transactions exceeding $1 million recorded on July 27 alone [1]. Large holders are accumulating tokens in the 10 million to 100 million ONDO bracket, a pattern often associated with prolonged price uptrends.

Fundamental metrics highlight growing adoption. The protocol’s Total Value Locked (TVL) has surged to $1.376 billion, nearing its all-time high, while weekly revenue has consistently remained near $1 million since late June [1]. This indicates sustained user activity and trust in the platform. Technical analysis adds to the optimism. The Wyckoff Architect notes an ascending broadening wedge pattern, projecting a potential 5x rally to $5 based on historical momentum and long-term chart structures [1]. Similarly, Ali Martinez identifies a key resistance level at $1.13, with a breakout potentially driving the price toward $2 in August [1].

However, the projected rally remains conditional on several factors. ONDO must maintain stability above the $0.90 support level to validate the bullish case. A breakdown below this threshold could trigger further declines. Additionally, while trading volume has increased, it has not yet reached levels typically associated with large-scale accumulation, suggesting that institutional involvement remains limited [6]. Broader market conditions also play a role. Altcoins like BNB and SUI have surged over 100% in recent weeks, reflecting a shift in risk appetite that could benefit ONDO if the trend continues [5]. Conversely, speculative assets like SHIB have seen sharp declines, underscoring the volatility inherent in the sector [6].

The 5x forecast to $5 is viewed as a long-term target rather than an immediate outcome. Near-term projections range from a 60% gain to $1.70 if the $1.20 resistance is breached, to a more aggressive $2 target tied to ETF-related optimism [2][3]. Analysts caution that these scenarios depend on sustained buyer interest and macroeconomic stability. Regulatory developments and global economic factors could either amplify or hinder the projected gains.

In summary, ONDO’s price trajectory is being closely monitored for signs of continued strength. A combination of technical patterns, whale activity, and derivatives data points to a favorable setup for further gains. However, achieving the 5x rally would require navigating key resistance levels, maintaining volume momentum, and aligning with broader market trends. Investors are advised to track on-chain metrics and institutional activity for clearer signals on the token’s potential direction.

Source:

[1] [Is a 5x Rally Possible for ONDO Price From Current Levels?] [https://coinpedia.org/price-analysis/is-a-5x-rally-possible-for-ondo-price-from-current-levels/]

[2] [ONDO Price Eyes 60% Surge if it Breaks $1.20 Resistance] [https://crypto.news/ondo-price-eyes-60-surge-if-it-breaks-1-20-resistance/]

[3] [ONDO Price Prediction: Can ONDO Reach $2 Soon?] [https://www.coingabbar.com/en/price-prediction/ondo-price-prediction-bullish-breakout-eyes-2-target?srsltid=AfmBOor5Vyaf-BURYztktlhv5gwxCI9OHgPvcDWRaL40kI3TIeZrT8gh]

[5] [Altcoin Rally Gains Momentum as BNB SUI ONDO Jump] [https://www.ainvest.com/news/altcoin-rally-gains-momentum-bnb-sui-ondo-jump-100-analysts-larger-expansion-2507/]

[6] [BlockDAG Presale Surpasses $353M as ONDO Holds] [https://www.ainvest.com/news/blockdag-presale-surpasses-353m-ondo-holds-0-90-shib-falls-10-2507/]