Is Investing $2,000 in Ondo (ONDO) a Good Idea Now?

On the charts, Ondo (ONDO) has broken out of its downward trend after weeks of consolidation, signaling potential bullish movement. The token briefly dipped below this breakout level before bouncing back, and now sits around $0.90. If this breakout holds, we could see continued upward momentum. However, it depends on how the broader cryptocurrency market performs in the coming days. A flat or bearish Bitcoin market would likely result in slower gains for ONDO, but if market sentiment shifts upward, then ONDO could benefit from the rally.