๐ $ONDO Coin Weekly Forecast โ Is the Bull Run Fading or Just Getting Started?
ONDO is holding firm at $1.0320, sitting with a strong market cap of $4.99โฏB and a circulating supply of 4.87โฏB coins. After a spectacular run-up, ONDO is now 52% below its all-time high ($2.1413) โ but still up massively from its all-time low of just $0.08354.
So, where is ONDO headed next week? Letโs dive into the data.
๐ฎ One-Week Price Predictions
Source Date (Forecast) Target Price % Change
CoinCodex July 20 (bearish) $0.7315 โ29% from now
CoinCodex July 21 (neutral) $0.8061 โ22% from now
Traders Union 7-Day Prediction $1.144 +11% upside
Analyst Insight: While CoinCodex expects a short-term correction, Traders Union is optimistic, citing strong market sentiment and increased institutional interest in real-world asset (RWA) projects like ONDO.
๐ Technical Outlook
Support Zone: $0.92 โ $0.95
Resistance Level: $1.04 โ $1.08
RSI: 83 (Overbought territory)
EMA 20/50/100: Bullish crossover
Trend: Still upward, but slowing momentum
๐ง What this means: ONDO is technically overbought, which could invite short-term selling. However, the overall trend remains bullish, with moving averages supporting further upside if it holds above key support.
๐ง Whatโs Driving ONDO?
๐ผ Real World Assets (RWA) are gaining popularity. ONDO is a leader in this space, tokenizing financial instruments like Treasuries and bonds.
๐ Backed by Coinbase and major institutions, itโs riding the wave of real-world asset adoption in DeFi.
๐ก Strong narrative + institutional backing = long-term tailwind.
๐ฅ What to Expect This Week?
๐บ Bullish Scenario: If ONDO breaks and closes above $1.04, we could see a rally toward $1.14 or higher.
๐ป Bearish Scenario: A break below $0.92 may trigger a deeper pullback toward the $0.80โ0.85 range.
๐ฏ Most Likely Range: $0.85 โ $1.14
๐ฐ๏ธ Timeframe: Next 7 days
โ Final Take
ONDO remains one of the most watched RWA tokens in 2024, but the next week may be volatile.
