Ethereum-based project, Ondo (ONDO), is poised for a significant price surge, potentially reaching a 250% increase from its current price of around $0.8. Charts show that this rally could be within reach as early indicators suggest potential explosive growth. 📈 💥 ,
Several chart analyses support the idea of a major price spike. One analysis by Solberg Invest highlights multiple bounces from a key support level just above the VWAP line, often followed by significant upward movements. The current support for ONDO suggests another strong move is imminent.
Further supporting the bullish outlook, Rendoshi Tokamoto’s chart showcases ONDO forming higher lows and higher highs within an ascending channel. This structure has seen a consistent bottoming signal, indicating an upcoming potential price surge.
The combination of technical analysis with positive regulatory anticipation adds fuel to the fire for this rally.
Both analyses point to similar conclusions: On-chain activity suggests ONDO is bottoming out and if history repeats itself, the price could skyrocket to $3 or even $3.5 – a 3.5x jump from current levels.
Remember that any investment in cryptocurrencies comes with inherent risk. Always conduct thorough research before making decisions.