ONDO Price Breakout Signals Massive Upside Ahead: How High Can It Go?

Onda (ONDO) price has been looking increasingly bullish since breaking out of a falling wedge. The chart shared by analyst Solberg Invest shows a clear technical setup

Ondo (ONDO) price has been showing increasing strength with the breakout of a falling wedge signaling massive upside according to one analyst.

Ondo Price Breakout Could Open Door For 200% Gains

Chart shared by analyst Solberg Invest on X (formerly Twitter) shows a classic technical setup that could lead to a strong move upward by the ONDO price.

According to the weekly chart, the ONDO price had been trading in a falling wedge since late 2024, consistently forming lower highs and lower lows. This is typically a bearish pattern, but when it breaks it signals a reversal to the upside.

The breakout happened in early May after which ONDO confirmed the move by retesting the wedge resistance as support—one of the most important bullish signs in technical analysis.

This retest was followed by a green candle showing strong bounce which further validates the pattern.

This move is now beginning according to Solberg Invest as the ONDO price is currently trading above the key $1 level which also acts as psychological support.

Can the ONDO Price Reach $3?

The projection drawn on the chart shows a gradual yet aggressive rise in ONDO price over the next few months pointing toward a $3 target sometime around August.

This move would be possible if this pattern plays out and it represents roughly a 200% increase from current levels.

The analyst believes this move is achievable given the technical breakout, overall market momentum and renewed interest in the project.

What stands out in Solberg’s chart is the sharp zigzag projection showing higher highs and higher lows—reflecting a typical bullish wave structure. It suggests ONDO could see steady gains before parabolic growth later in the summer if bulls stay in control.

If this level holds and volume increases then the path to $1.40, $2 and ultimately $3 could be more than just a fantasy.

Solberg Invest (@SolbergInvest) sums it up confidently: “$ONDO BULLISH BREAKOUT! Falling wedge smashed + retested—$3 target! Strong move!”

The technical setup for ONDO is aligning with a bullish narrative and if the broader market continues to rally then perhaps ONDO price could be one of the next major altcoin winners.

Traders will now be watching closely to see if this forecasted move to $3 begins to unfold in the coming weeks.