ONDO Price Eyes Breakout, Is a 50% Rally on the Horizon?
2025-07-21
The ONDO token has formed a classic double-bottom pattern, and if technical signals hold true, a major ONDO price breakout may be just around the corner.
Traders, analysts, and investors are now watching one key level, $1.2, to determine whether ONDO is ready to soar toward the $1.7–$1.8 range.
Let’s break down the current setup, what the chart pattern means, and why ONDO could be next in line to join the list of breakout tokens.
ONDO Price Chart Today
ONDO price chart is showing a textbook double-bottom pattern, which is a well-known signal for potential trend reversals in technical analysis.
This formation happens when a token hits a similar low point twice, with a modest high in between. It's often interpreted as the end of a downtrend and the beginning of a new bullish phase.
Currently, ONDO price is sitting just below its neckline resistance at $1.2. A daily close above this level would confirm the breakout and signal the start of a strong rally. Technical targets suggest a potential 40%–50% upside, placing ONDO’s next key levels around $1.7 to $1.8.
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Utility Tokens Gain Popularity, ONDO Price Breakout
ONDO isn’t just moving on technicals. It’s also riding the wave of renewed interest in utility tokens. Across the crypto market, tokens with clear use cases and real-world applications are regaining momentum.
As capital flows back into projects with strong fundamentals, ONDO is well-positioned to benefit from this trend. Here’s why utility tokens are gaining ground:
1. Real-world use cases are being prioritized by investors.
2. Regulatory clarity has improved for utility tokens in some jurisdictions.
3. Market sentiment is rotating from hype-based tokens to value-driven assets.
With this backdrop, ONDO’s current chart structure could become the launchpad for a much larger market movement.
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Technical Levels for ONDO Price Breakout
Here’s the key technical levels for ONDO price breakout:
1. $1.2 Resistance – The Neckline
This is the most critical level on the chart. A confirmed daily candle close above $1.2 is considered breakout confirmation.
2. $1.7–$1.8 Target Zone
If the breakout plays out, ONDO could rally toward this range. This projection is based on the height of the double-bottom pattern added to the breakout point.
3. Volume Confirmation
Traders are watching for a spike in trading volume when the price moves above $1.2. Increased volume usually supports the legitimacy of the breakout.
4. RSI and MACD Indicators
Momentum indicators on higher timeframes are leaning bullish. RSI (Relative Strength Index) is recovering from oversold zones, and MACD (Moving Average Convergence Divergence) is showing early signs of a potential crossover.
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Conclusion
With a bullish double-bottom pattern on the chart, growing utility token momentum, and technical indicators aligning, ONDO is well-positioned for a breakout.
The critical level to watch is $1.2. A decisive move above this price could open the door to a 40–50% rally, targeting $1.7–$1.8 in the short term.
As always, the crypto market remains volatile, but when patterns like this form with supporting indicators and strong sentiment, they often signal a meaningful price shift. ONDO might just be gearing up for its next big move.
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FAQ
What is a double-bottom pattern in crypto trading?
A double-bottom is a bullish reversal chart pattern where the price hits the same low twice, separated by a short-term high. It usually indicates the end of a downtrend and the start of a potential upward movement.
Why is $1.2 such a key level for ONDO?
The $1.2 price level represents the neckline of the double-bottom pattern. A breakout above this line on a daily close is often considered confirmation of a trend reversal, signaling a strong buy opportunity.
How high can ONDO go after a breakout?
Technical projections estimate that ONDO could rally 40%–50%, pushing the price to around $1.7–$1.8 if the breakout is confirmed.
What indicators support the breakout theory?
Momentum tools like the RSI and MACD are turning bullish on higher timeframes, and a spike in trading volume would further validate the move. These indicators support the potential for sustained upward movement.
Should I buy ONDO now?
It’s best to wait for breakout confirmation, a daily close above $1.2 with strong volume. Entering before confirmation carries a higher risk of a false breakout.
Disclaimer: The content of this article does not constitute financial or investment advice.
