$ONDO Forms Double Bottom Amid ETF Buzz 📈📊

🚨 ONDO rallied after the July 22 SEC filing for the 21Shares Ondo Trust S-1, briefly breaking the key $1.13 neckline before pulling back. The surge was driven by ETF speculation and RWA tokenization hype.

📉 On the daily chart, ONDO is now forming a clear double bottom, with price retesting the $0.94–$0.98 support—classic post-breakout behavior.

🟢 If this zone holds, the structure stays bullish, with targets at $1.30–$1.40 and a measured move projection up to $1.58.

📊 Volume remains strong, and the ETF narrative continues to support price action. A confirmed bounce here could spark ONDO’s next leg up.