Time to Buy ONDO Cheap? Analyst Predicts Ondo Price Is About to Go Parabolic – Here’s Why

ONDO has attracted new attention following a strong price movement reflected in recent chart activity. Prominent analyst Neils stated on X that ONDO's price had broken through a key resistance level

Prominent analyst Neils has highlighted the breakout and retest of a key resistance zone by ONDO, a token that has recently attracted attention for its price movement.

As seen in the chart shared on X, the token broke out of a major resistance zone, which had kept the token contained for several days.

This development closely follows a broader market focus on Real World Assets (RWA), a trend that has been heating up in the digital asset space.

ONDO is among the leading projects associated with this narrative, with ties to institutional names such as BlackRock and exposure through political portfolios, including that of former U.S. President Donald Trump.

Chart: 1H ONDO/USDT on CoinMarketCap

The chart, based on a 1-hour timeframe, shows breakout above a major resistance zone between $0.91 and $0.93. The token had been capped at this level.

After the breakout, the price retested the same zone, a move that market analysts say saw the resistance turn into support. The token continued its ascent after bouncing from this level. It also managed to break above the $1.00 zone, a key psychological threshold.

The token's price action formed a series of higher lows, supported by an ascending trendline that held through several retests. This trendline showed sustained buyer interest at gradually increasing levels, suggesting strength ahead of the breakout.

RWA narrative is expanding across the crypto industry, with several projects focused on bridging traditional assets and blockchain technology.

ONDO is seen as a leading project in this sector. The post also mentions BlackRock, a major financial institution, which has pushed investor attention toward the token.

Associations with political figures such as Donald Trump have brought the token into the spotlight beyond typical crypto communities. These factors, combined with the token's technical structure, have contributed to heightened market interest.

While volume data is not included in the chart, the sharp rally that followed the breakout suggests strong buying pressure. The price moved upward with minimal retracement, a sign of short-term momentum favoring bulls.

The candlestick structure following the breakout showed continued strength, indicating that the retest may have served as a springboard for the next leg higher.

Analysts tracking ONDO's chart patterns have noted this price behavior as consistent with breakout and continuation setups.

Moreover, the token traded in a sideways range for several sessions before initiating the breakout. Accumulation between $0.79 and $0.93 formed a solid base. The eventual breakout followed by a successful retest adds to the confluence supporting further upside.

Ascending support lines held throughout the accumulation period. The support zone is now being monitored for sustainability as the token attempts to establish a new range above $1.00. Traders are watching closely for confirmation of continued trend strength in the short to medium term.

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