Ondo Finance Eyes Breakout As Price Tests $0.89 Channel Resistance – Analyst

Ondo Finance is at a critical moment as the crypto market shows signs of recovery, but macroeconomic uncertainty and global trade war fears continue to inject volatility. Analysts are watching for a breakout that could signal the start of a new uptrend for ONDO. Top crypto analyst Ali Martinez highlights that ONDO is trading within a narrow parallel channel, and a break above $0.89 could trigger bullish momentum. ONDO has emerged as a leader in the real-world asset (RWA) sector, securing partnerships with major players like Ripple and World Liberty Financial. Despite its promising position, ONDO's price action has failed to match the enthusiasm, losing over 65% of its value since mid-December. Analysts are spotting signs of a potential turnaround, with Martinez's technical analysis revealing a narrow parallel channel that typically precedes significant price movements. A breakout above the channel's upper boundary at $0.89 could lead to a quick rally toward the $1 mark. If ONDO can reclaim higher resistance levels and sustain upward movement, it would reinforce its position as a leader in the RWA narrative. The coming days will be crucial for ONDO as bulls attempt to flip the trend and capitalize on the momentum building beneath the surface.