ONDO Technicals and Fundamentals Looking Strong: Journey to New ATH Expected If...

Over the past weeks, Ondo has been quietly gaining strength both on the chart and behind the scenes. The ONDO price has started to show encouraging signs after a long period of downward pressure, and recent developments suggest there may be more momentum ahead.From a fundamental standpoint, ONDO has made some key moves that boost its long-term value. It was listed on Binance in early April, which significantly increased exposure and accessibility. A Binance listing often signals strong backing and solid project fundamentals, and it tends to attract both retail and institutional investors.In early May, Ondo Finance bridged its USDY stablecoin to Solana. That step brings Ondo’s yield-generating real-world asset products to a high-speed, low-cost blockchain, opening the door to new users and greater adoption. This also positions ONDO as one of the top projects in the rising RWA sector. In addition, the project’s leadership has been gaining recognition in wider industry conversations. Ondo’s CEO has been actively discussing the future of stablecoins and tokenized finance, which puts the protocol at the center of a fast-evolving space where big banks are also starting to play.ONDO Price Forming a Bullish Setup Inside a Larger ChannelAccording to World Of Charts, ONDO is now showing signs of a possible breakout. The technical picture reflects a long descending channel that started in December 2024. The ONDO price has been making lower highs and lower lows throughout this period, keeping the token under pressure for months.But something has shifted recently. ONDO formed a smaller bullish flag inside that larger channel. This shorter pattern shows that selling pressure has started to slow down. The price is starting to rise again and looks ready to test a major resistance line at the top of the channel. If this level is broken cleanly, it could unlock a powerful move.Breakout in Progress, But One More Barrier to ClearAs of now, ONDO price is pushing upward, and World Of Charts suggests a massive breakout may be on the horizon. The token is approaching a key resistance zone around $1.00 to $1.05. This is the top of the descending channel and has acted as a ceiling multiple times before.While the early movement is promising, this is not yet a confirmed breakout. The ONDO price needs to break through this barrier with strong volume before any major rally can play out. If that happens, the path toward new all-time highs becomes much more realistic. World Of Charts shared a projection that places ONDO around the $2.50 to $3.00 level if a breakout is successful.Read Also: At What Price Could JasmyCoin (JASMY) Eventually Peak?Traders should keep a close eye on whether ONDO can maintain momentum and pierce through that resistance. If it does, the next step would be watching for a healthy retest of the breakout area around $1.05. That zone could flip into support, laying the foundation for further upside.ONDO is definitely one of the stronger projects showing signs of life right now. With improving fundamentals and a potentially bullish technical setup, it may be positioning itself for a bigger move — as long as it clears the final hurdle.Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.Read our recent crypto market updates, news, and technical analysis here. We recommend eToro Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more Visit eToro Now Active user community and social features like news feeds, chats for specific coins available for trading. Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. Copy trading: allows users to copy the trades of leading traders, for free. User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate. The post ONDO Technicals and Fundamentals Looking Strong: Journey to New ATH Expected If... appeared first on CaptainAltcoin.