ONDO Price Prediction: Why ONDO Could Soon Rally to $2

Highlights:

• ONDO is currently trading below the $1.44 resistance but gaining momentum
• A breach of the $1.44 resistance could see ONDO rally to $2 short-term
• Excitement around tokenized treasuries could see ONDO hit new highs

Ondo Finance is making waves in the crypto world. The platform, a leader in Real World Assets (RWA), saw a big jump in activity last weekend. Over 1,440 new wallet addresses were created. This shows growing interest in its offerings, and many analysts are giving impressive projections for its price.

The same is reflected in ONDO’s intra-day price action. At the time of going to press, ONDO was trading at $1.43, up by 13.78% in the day. Trading volumes are also on the rise, up by 162% in the day to hit a high of $589.22 million.

Tokenized Treasuries Fuel Success

Tokenized US Treasuries are a key factor driving much of ONDO’s growth. In 2024, the number of holders surged by 780%. It went from 1,376 to over 12,141 by year-end. Ondo Finance now serves more than 10,000 holders. It controls 82% of the booming tokenized treasuries market. The platform is bridging traditional finance and blockchain, and its innovative solutions are attracting both individual and institutional investors.

Major Token Unlock Adds Momentum

A recent token unlock has also boosted ONDO activity. On January 18, 1.94 billion $ONDO tokens were released. This equals over 130% of its circulating supply. Such events often cause volatility, but Ondo has handled it well. Staggered token releases have helped prevent sharp price swings. This has seen investors get more optimistic about $ONDO’s future.

🔓 Weekly Emission : 13-19 Jan '25

🔥 $2.60b + 🔥

🌟 Unlock Highlights 🌟$ONDO (134.21%) – $2.42b$ARB (2.20%) – $69.32m$STRK (2.65%) – $27.55m$SEI (1.32%) – $21.06m$APE (2.16%) – $17.32m$ENA (0.42%) – $11.98m$PRIME (1.42%) – $10.07m
.
( % of cir. supply) pic.twitter.com/AeAKKfuubZ

— Tokenomist (prev. TokenUnlocks) (@Tokenomist_ai) January 10, 2025

Bitcoin Price Action Could Push ONDO Higher

Besides that ONDO is gaining strength based on its core metrics, broader market factors also point to potential growth. After what has been a highly volatile week so far, Bitcoin appears to be regaining upside momentum again. This is a big deal, considering that all the recent volatility has not driven its price below $100k. This could indicate that Bitcoin is headed for a parabolic breakout. 

As has happened in the past, Bitcoin’s price increase often triggers bull rallies across the market. This is especially the case for those with strong fundamentals, such as ONDO. In essence, the ongoing Bitcoin price action could be a precursor for an ONDO price rally that could see the price to new highs.

Wave Pattern Supports an ONDO Rally

To support such a potential price breakout for ONDO the fact that the Elliot Wave pattern is increasingly bullish for ONDO. Analysts have noted that ONDO has come out of an ABC correction wave. This is an indicator that it is now headed for a new bullish wave. Many analysts are in consensus that if this wave pattern continues, then ONDO could be headed for a rally to $2.14 or higher.

Can $ONDO hit $5 in 2025? Yes, i think it will!🔥 pic.twitter.com/hXYl2dTa5U

— Solberg Invest (@SolbergInvest) January 23, 2025

Technical Analysis – ONDO Price Trending Towards Resistance

On the hourly charts, ONDO is currently trending and struggling around the $1.448 resistance.

If bulls gain enough momentum and push ONDO through the $1.448 resistance, then a rally to prices above $1.55 could follow intra-day. On the other hand, if bulls fail at resistance, then a correction to around $1.30 could follow.

Of these two scenarios, the odds are higher that ONDO will breach resistance. That’s because of the rising momentum across the market. ONDO could also be boosted by bullish sentiment triggered by the price stability despite a recent token unlock. It points to ONDO’s underlying strength which could help boost the price in the short term.

What’s Next for Ondo Finance?

Ondo Finance is solidifying its place in the RWA sector. Its innovative products and growing user base are key to its success. As the altcoin market heats up, $ONDO is one to watch. The platform’s ability to blend traditional finance with blockchain sets it apart. With strong adoption and investor confidence, Ondo Finance is poised for more growth.