Ondo (ONDO) has been moving pretty quietly lately, trading in a tight range and holding above a strong support level. While the rest of the crypto market has been bouncing all over the place, ONDO has stayed surprisingly steady.
According to analyst Crypto Winkle, that might not be a bad thing. In a post on X, he pointed out that ONDO chart shows a symmetrical triangle pattern, a setup that often leads to a breakout. He also called this price action “real accumulation,” hinting that the token could be gearing up for a bigger move.
Crypto Winkle also highlighted ONDO strong fundamentals. The project is backed by some major names like BlackRock, Coinbase, and Pantera, and it has over $800 million in total value locked. On top of that, they’re rolling out the new Ondo Chain, which is designed for institutional-grade tokenization.
So even though the ONDO price action looks dull on the surface, it might just be the calm before the storm, especially if the Real World Asset (RWA) narrative starts to heat up.
ONDO Chart Forms Symmetrical Triangle Near Key Support
The daily ONDO price chart reveals a symmetrical triangle pattern. This formation consists of a rising support trendline and a descending resistance trendline, both of which are narrowing toward the apex. Price has tested the support line multiple times without breaking lower, suggesting ongoing demand near current levels.
The price of ONDO stands at $$0.6939, with short-term resistance forming near the $0.80–$0.85 zone. The broader range support sits around $0.60–$0.63, which has acted as a foundation throughout previous price consolidations. As price nears the triangle’s apex, analysts are monitoring for a breakout above the descending resistance.
Source: X/CryptoWinkle
Moreover, the ONDO project positions itself within the RWA space, which involves bringing tokenized real-world assets onto the blockchain. Its growing ecosystem includes a Layer-1 chain designed for institutional-grade tokenization. The $800M+ in TVL further establishes its presence in this segment of the market.
Market participants on social platforms are paying close attention to this development. Crypto Winkle’s tweet reinforces the narrative that low-volatility ranges often precede larger price movements. The chart shared in the tweet also outlines a potential upside path, targeting levels as high as $3 if the breakout materializes.
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Next Technical Levels to Watch For ONDO Price Ahead of 2025
If ONDO breaks above the $0.85 resistance with strong volume, the next levels include $1.00, $1.70, and potentially $2.20–$2.50. The symmetrical triangle structure supports this roadmap, with the consolidation phase now entering a late stage.
Should the ONDO price move below the $0.63 support, a downside scenario may develop, targeting the $0.51–$0.53 zone. However, current positioning suggests bulls continue to defend the range. Traders are closely tracking both price movement and broader RWA-related developments as 2025 approaches.
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The post Market Analyst Spots Bullish Triangle on ONDO Price Chart – Is a $3 Breakout Coming in 2025? appeared first on CaptainAltcoin.
