ONDO Coin Price Prediction: Will It Hit $4 After a Month of Bearish Trend?

The price of the ONDO coin has increased by over 9% in the last 24 hours. It is currently trading for $1.40 after testing the support area.

The price of the ONDO coin has surged by over 9% in the last 24 hours. It is currently trading at $1.40 after finding support in a key zone. A bounce is expected from this area toward the resistance zone.

Today’s bullish move comes after a month of bearish sentiment surrounding the ONDO price. The coin reached an all-time high of $2.14 on December 16, 2024. Currently, it is down 35.38% from that high at its price of $1.40. Despite this, optimism remains high among experts, with some expecting at least a 230% surge soon.

ONDO Coin Price To Hit $4.20

Crypto analyst Doji shared a post on X with their 13.1k followers about $ONDO’s current position. The message highlighted a possible accumulation phase as the token prepares for its Global Markets (GM) launch and potential announcements from major partners.

$ONDO – so we had the unlock right?

look, there is still fear to create here, think about it, Ondo GM is about to launch and although it's kinda obvious, they've got some big players joining.

it still has to launch and these big players still have to publish any actual… pic.twitter.com/8e56LBBoh5

Ondo GM is a new platform launching soon that will operate as a broker-dealer, utilizing traditional trading, clearing, and settlement methods. The platform aims to provide access to exclusive markets and assets through a secure peer-to-peer (p2p) system. This launch has garnered excitement in the community, particularly with the addition of a Governance Module.

The crypto analyst adds that after a period of accumulation following a correction from its all-time high (ATH), $ONDO’s price surged by 250%. They suggest a similar pattern could play out now, targeting a price of $4.20 if the platform secures partnerships with traditional financial institutions and gains institutional interest.

The post includes a chart that visually depicts historical price patterns of $ONDO, showcasing the accumulation phase and subsequent price surge. This chart predicts a similar trajectory for the near future, aiming for a 237% increase from current levels.

The Growth Of Real-World Assets (RWA)

Ondo Finance is a decentralized finance (DeFi) platform that tokenizes real-world assets (RWAs). It provides high-quality financial products and services and aims to make markets more efficient, transparent, and accessible.

Recently, interest in blockchain real-world assets (RWAs) has been growing, with BlackRock CEO Larry Fink publicly voicing his support once again. He urges the SEC to hız up the tokenizing bond and stock approval process, highlighting the potential for blockchain integration with traditional finance.

Larry Fink, @BlackRock's CEO, just said live on @CNBC that, as a huge believer in blockchain, he wants "the SEC to rapidly approve the tokenization of bonds and stocks."

Ondo is proud to be at the forefront of a seismic shift in the global economy. pic.twitter.com/87iaAlwswV

This shift includes connecting traditional markets with blockchain technology, which Ondo Finance contributes to as a leader in decentralized finance and tokenized assets. By supporting Fink’s vision, ONDO demonstrates its role in shaping the future of finance.

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