Ondo’s price reached a new all-time high of around $1.95 on December 4. The recent breakout in ONDO’s price action signals a robust bullish trend, raising price targets for 2025. This increasing momentum indicates strong belief in ONDO’s long-term potential.
A crypto analyst known as George on X took a closer look at the ONDO/USDT chart and revealed a setup, particularly on lower timeframes, which suggests significant upside potential.
Bullish Scenario Outlook With Key Support and Resistance Levels
The price action has established a well-defined range-bound pattern, indicating a phase of consolidation. Key observations include:
The chart shows a consolidation with the price of ONDO trading between the 1.0 and 0 Fibonacci levels. The primary target for the ONDO price is to break above the $1.0 resistance level.
According to George, achieving this would not only reinforce bullish sentiment but could also open the door for extended targets based on Fibonacci extensions. This could open the door to a new all-time high.
