ONDO has escaped a long descending channel and now shows a strong reversal in its trend direction.
The retest confirmed the breakout and price is positioned to climb with a projection above the $2.00 mark.
Traders have responded quickly as ONDO gains attention with a forecast showing over 123 percent upside.
Ondo (ONDO) has broken free from a long-term descending channel, triggering a bullish confirmation and eyeing a projected 123% rally. According to a chart released on May 21, 2025, by World Of Charts, ONDO’s breakout and successful retest signal a potential move toward a new all-time high (ATH). The crypto asset, currently priced around $0.9720, may rise by 1.1710 points to reach above the $2.00 level.
Source: X
The 12-hour chart from TradingView shows ONDO escaping a persistent downward trend channel that had lasted since December 2024. This development is considered a key technical shift, suggesting a reversal from bearish pressure to bullish momentum. Price action has confirmed a breakout followed by a successful retest, a move often interpreted as validation of a new trend.
The tweet accompanying the chart notes that ONDO is fundamentally strong and now shows signs of recovery after sustained downside pressure. This pattern, backed by technical and sentiment-based cues, has captured the attention of traders anticipating a significant price expansion.
Retest Complete as ONDO Targets $2.00 Mark
ONDO’s movement has aligned with technical signals typically associated with substantial trend reversals in digital asset markets. The descending channel, spanning over five months, limited upward momentum until this breakout occurred in May. Traders have since monitored price consolidation and the subsequent breakout confirmation.
The chart projects a 123.21% gain from the breakout level, placing the price target above $2.00. This estimate reflects market optimism driven by pattern analysis and historical behavior of similar setups. With the breakout retest now confirmed, bullish traders are looking for continuation in the short to mid-term.
Retesting a former resistance line and flipping it into support is considered a strong indicator of trend strength. ONDO has mirrored this behavior, and as of the chart’s release, remains above this key support. The expectation is that ONDO will continue upward as long as support holds and volume supports price movement.
Community Sentiment Rises With Technical Confidence
The trading community has responded positively to the chart and its implications. The original tweet has reached over 10.4K views, gaining 147 likes and 21 retweets within hours of posting. The comment section includes affirmations such as “His analysis is accurate,” indicating growing confidence among retail traders.
A previous tweet on May 8 also highlighted ONDO’s technical outlook, describing the project as strong and fundamentally sound. It suggested that signs of recovery were forming and hinted at an upcoming major breakout. This continuity in narrative builds trust in the analysis and confirms a persistent uptrend outlook.
The visual chart marks a clear breakout trajectory, with ONDO escaping both larger and smaller descending channels. Community interest remains high, with some noting ONDO is still at the “bottom” and showing accumulating pressure at Fibonacci zones. Could ONDO now deliver a sustained breakout leading to new highs as projected?
