The ONDO token demonstrates strong potential, supported by both fundamental and technical signals. Institutional interest is growing in light of news about a possible #ONDO ETF, after 21Shares Ondo Trust filed an S-1 application with the SEC. This move highlights the strategic importance of the project and its backing from giants like BlackRock.
On the weekly chart, the price is forming a strong 'double bottom' pattern, creating a base for growth towards long-term targets of $1.50 and $2.00. Locally, the asset broke through and successfully tested the key support level of $1.05, which opens up an excellent trading opportunity with an attractive risk-to-reward ratio.
Trading idea:
🔹 Entry: ~1.06
🔹 Target: $1.24-1.50
🔹 Stop-loss: none
averaging at the $0.96 level
Good luck and profits to us all!
