Ondo (ONDO) Set to Surge: Price Could Skyrocket to $1.70!

Ondo (ONDO) is currently trading at $0.3780, reflecting a marginal decrease of 0.24% in the past 24 hours. Trading activity over the last day amounted to $43.02 million, marking a 6.19% drop from previous levels. Over the past seven days, ONDO has experienced a minor decline of 2.89%, with the price hovering at $0.3782.

Despite the slight downward trend, market observers note that the cryptocurrency is holding firm near its established support zones. Analysts suggest that such consolidation could indicate a preparatory phase for potential upward momentum. Investors appear to be closely monitoring the market for signs of renewed buying activity, which could influence short-term price movements.

ONDO Shows Consolidation in Descending Channel

Crypto analyst Butterfly reports that ONDO is currently consolidating within a descending channel on the 3-day chart. According to the analyst, strong buying pressure is supporting the cryptocurrency near its critical support level. “Bulls are accumulating heavily here, which sets the stage for potential significant gains if momentum builds further,” Butterfly stated.

Technical charts indicate that if the current buying interest continues, ONDO could experience a surge toward $1.70. This projection is based on observed accumulation patterns and market sentiment, suggesting that the cryptocurrency is attracting investor confidence despite short-term volatility. 

Analysts caution, however, that trading within a descending channel also requires careful monitoring, as breakouts or breakdowns from this formation could influence market direction.

Also Read | ONDO bearish structure intact, but Stochastic RSI signals move toward $1.04

ONDO Price Prediction for 2025

According to DigitalCoinPrice, ONDO could surpass the $0.68 mark by year-end, potentially reclaiming and exceeding previous highs. Past performance data shows that Ondo briefly dipped to unprecedented lows earlier in January 2025, highlighting both its volatility and recovery potential.

Market experts suggest that ONDO may challenge its prior all-time high of $2.14 in future trading cycles, with interim price stabilization expected between $0.58 and $0.68. Investor sentiment appears cautiously optimistic, reflecting confidence in the cryptocurrency’s long-term trajectory and potential for substantial returns.

Also Read | ONDO shows strong bullish momentum, eyes $0.4200 upside target next