ONDO Gained Significant Traders' Interest Over the Last Few Weeks. In Fact, Market Analysis Revealed a Potential 47% Price Hike

That's not all though as ONDO's price analysis highlighted the formation of a descending triangle, indicating a consolidation phase with lower highs

ONDO price analysis hints at a potential 47% price hike.

Chart patterns on lower timeframes revealed a descending triangle formation, indicating a consolidation phase with lower highs and a flat support level near $1.0837. The tightening price range could suggest a breakout may be in the cards.

However, the Relative Strength Index (RSI) stood at 34.78, nearing oversold territory. This has historically preceded strong reversals for ONDO – A sign that there may be potential recovery from its prevailing downtrend.

Meanwhile, the Aggregated Spot CVD surged, reflecting strong buying volume despite the price decline. This divergence between the CVD and the price alluded to accumulation, reinforcing the breakout potential on the charts.

Together, these signals placed ONDO at a critical juncture – With the RSI suggesting a rebound, CVD indicating accumulation, and the descending triangle formation aligning with historical bullish breakouts.

On the other hand, heavy liquidations were observed in the $1.10 to $1.20 range over the last 24 hours. As the price fell, most leveraged long positions seemed to be getting wiped out.

This fall in open leverage has reduced the risk of forced sell-offs, creating a more stable price environment. Additionally, the absence of dense liquidity pockets meant that fewer traders held high-risk leveraged positions, allowing ONDO’s price to move more freely.

Hence, this pattern supported the hypothesis of a breakout. Especially as reduced downside risk left room for upward movement on the charts, with limited sell pressure from liquidations.

Finally, a glance at ONDO’s spot netflows revealed a large capital inflow on 24 February 2025, where over $40 million entered the markets as ONDO’s price hit $2.33. This pattern mirrored past accumulation phases, where large inflows have preceded price recoveries.

A key factor behind ONDO’s traction has been Pantera Capital’s investment. As a leading crypto investment firm with a $4 billion portfolio, Pantera’s backing of Ondo Finance added legitimacy and institutional confidence. Their involvement is a sign of long-term bullish sentiment, reinforcing Ondo’s real-world asset tokenization model as a growth driver.

This combination of strong netflow activity and institutional backing has strengthened the case for a 47% price hike, aligning with bullish technical signals.