ONDO Price Prediction: Double Bottom Pattern Signals Possible Rally to $2

The ONDO price had a landmark week, and it has managed to sustain near the $1 mark despite a slight pullback. This optimism drove through a series of regulatory and institutional developments that have lifted market-wide sentiment, even benefiting ONDO Finance’s market cap. Now, technical indicators and experts suggest that the ONDO price USD may be setting up for a significant move.

Regulatory Clarity Boosts Market Sentiment For ONDO Price

One of the recent primary catalysts was highlighted by ONDO’s official X account that noted that alongside several altcoins, the price structure of ONDO price today and in the past looked strong because the U.S. Commodity Futures Trading Commission (CFTC) has launched its “Crypto Sprint” initiative. 

This program aims to implement digital asset market recommendations, with its first major step providing clear guidelines for listing spot crypto contracts on CFTC-registered futures exchanges.

Such regulatory clarity has boosted optimism this week and further boosts investor confidence for the future of the crypto sector as a whole, as it reduces uncertainty and provides a framework for institutional participation. 

Trump’s EO Improves Retirement Plan With Crypto, Adds to the Bullish Case

Beyond regulation, Trump signs Executive Order (EO) expanding 401k crypto access. The White House EO aims to expand and democratize access to alternative assets like cryptocurrencies as opportunities for their retirement plan, potentially broadening the investor base. 

This initiative is a bold step because over 90 million Americans participate in employer retirement plans but lack access to crypto. Now that this EO has been signed, this could boost demand for crypto of all sorts.

Meanwhile, traditional banks like Spanish bank BBVA announced it will provide Binance customers with off-exchange asset custody, enabling them to hold funds in U.S. Treasuries as collateral for trades. 

Additionally, JPMorgan, HQLA-X, and Ownera have launched a cross-ledger repo solution that has already facilitated $5 billion in transactions in its first month.

Overall, these are the core bullish factors of the past week that pushed ONDO Finance and other asset prices higher.

The ONDO Price Chart Shows Double Bottom Formation

On the technical front, the ONDO price chart reveals a textbook double bottom pattern formed at April’s and June’s lows. 

Now, this pattern indicates that weakening bearish pressure and strengthening bullish momentum as investors are accumulating it. 

• Also Read :
•   Bitcoin, Ethereum, and XRP Price Prediction for Next 7 Days
•   ,

Now, ONDO/USD chart suggests that its price is inching towards the pattern’s neckline, in order to break through, the ONDO finance price forecast suggests a possible rally toward $2 in the coming weeks.

At the time of writing, the ONDO price USD is trading at $1.00, showing a slight 3% decline after last week’s surge. This mild pullback appears healthy as long as the price remains above the 200-day EMA. 

A breakdown below this key support would invalidate the bullish setup, with potential downside targets at $0.85 and $0.75.

What Lies Ahead for ONDO Finance

Given the combination of regulatory support, institutional involvement, and technical strength, the ONDO finance price prediction remains cautiously optimistic. 

But sustaining its price momentum above key support levels is extremely important to maintain the bullish outlook.

Never Miss a Beat in the Crypto World!

Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.

Subscribe to Price Analysis

FAQs