ONDO Breaks Out Of Ascending Channel – Analyst Sets $0.29 Target

ONDO Breaks Out Of Ascending Channel – Analyst Sets $0.29 Target


ONDO is under pressure after a sharp 33% decline from its May highs, reflecting growing uncertainty and bearish momentum across the market. Once a standout performer, the token has lost steam as sentiment shifts and price action turns decisively negative. While some traders are still watching for potential rebounds, many analysts are now calling for a breakdown, warning that the current structure could give way to deeper losses if key support levels fail to hold.

The mood around ONDO remains divided. Some investors view the dip as a healthy retrace in a broader uptrend, while others see it as the start of a more extended correction. Top analyst Ali Martinez has added to the cautious outlook, noting that ONDO is breaking out of an ascending

Continue reading


 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!