The price of ONDO has risen by 10% from its recent low, targeting $1.20 amid bullish momentum.
ONDO is forming a bullish reversal pattern and is approaching the 50-day exponential moving average, paving the way for a potential breakout above the $1.00 level.
Supported by increasing interest in tokenized assets, ONDO could potentially reach its all-time high and target $3.00 if the momentum continues.
As of April 12, 2025, ONDO Finance (ONDO) has recovered over 5% in the last twenty-four hours, currently trading at $0.878, sharply rebounding from its drop the previous week. With a current market capitalization of $2.77 billion, ONDO shows signs of strength even as broader markets continue to fluctuate. The coin has recently recorded a bullish pattern on the weekly chart, a strong indication that momentum could be shifting in favor of buyers.
Interestingly, this move comes at a time when market sentiment remains fearful, stuck at a level of 27 out of 100, according to the Fear and Greed Index data. In the cryptocurrency world, this fear often triggers panic selling or paves the way for major players to quietly pump in their investments. ONDO seems to be attracting significant interest now, thanks to its growing role in tokenizing real-world assets.
