This Expert Says ONDO Price Could Hit a New ATH… But Only If THIS Happens

ONDO is starting to catch some serious attention in the crypto space, especially among traders watching the Real World Asset (RWA) narrative unfold.

The price of ONDO has been consolidating in a descending wedge pattern, which is known to favor bullish breakouts.

This pattern has seen two previous downward trendlines get tested multiple times before being decisively broken by ONDO, leading to sharp rallies.

The third trendline is now facing pressure as the price trades just below it.

Furthermore, support between $0.72 and $0.75 has been tested five times, forming a base that aligns with prior accumulation zones.

This repeated defense suggests that buyers are actively supporting the current range while awaiting a decisive move.

The chart also includes a visible fractal structure, which mirrors the Q3 2024 setup that unfolded on a smaller time frame and preceded a breakout for ONDO.

This fractal pattern, along with the support structure, is a key factor to watch as the price action unfolds.

The pattern under observation includes a series of higher lows beneath the descending resistance, which is an early indication of price compression.

As this structure continues to narrow, a breakout becomes more likely, especially if accompanied by increasing volume.

Historically, strong breakouts by ONDO have followed such setups.

While volume on the chart has yet to show major spikes, previous rallies were preceeded by low-volume periods followed by sharp increases once resistance was breached.

If this behavior repeats, the price of ONDO could test the $1.00 resistance zone before retracing and establishing support at $0.90.

This scenario aligns with technical momentum, while the lack of institutional interest in tokenized real-world assets could prevent a pattern breakout.

For this move to be confirmed, the price of ONDO needs to close above the descending resistance.