- Binance founder CZ is advising Kyrgyzstan on developing its crypto and blockchain ecosystem through a new partnership.
- A key focus is the launch of the A7A5 stablecoin, pegged to the Russian ruble and aimed at emerging markets.
ONDO is capturing serious attention in the crypto market—and for good reason. Technical indicators suggest the digital asset may be gearing up for a staggering 300% rally, echoing past bullish patterns that led to explosive gains.
Also read: Kyrgyzstan Taps Binance’s CZ to Launch Bold Crypto Push with Ruble-Backed Stablecoin
Crypto analyst Cryptogenous has spotlighted ONDO’s repeated interaction with a critical long-term trendline. Historically, each time the token touched this ascending support, it bounced hard—often targeting the 1.618 Fibonacci extension, currently sitting near $3.10.
What’s making traders especially bullish this time is the convergence of technical signals. ONDO’s Relative Strength Index (RSI) is deeply oversold—just as it was before previous major surges. A temporary dip back to the $0.68–$0.72 range could play out due to liquidation wicks, but a swift recovery above $0.70 would confirm strength.
Adding to the momentum is a build-up of liquidity above ONDO’s current price, particularly around $1.36. This setup creates prime conditions for a short squeeze, potentially acting as fuel for the next major leg up. That said, a close below $0.59 would invalidate the bullish scenario—but so far, support is holding firm.
Joining the bullish camp, market analyst Crypto Patel identifies the $0.60 to $0.80 range as a “golden accumulation zone.” He sees this as the ideal entry point, projecting long-term targets of $2, $5, and even $10, which would represent up to a 500% increase from current levels.
Patel points to ONDO’s recent 200% breakout as proof that history may indeed repeat itself. And with Fibonacci retracements, oversold RSI levels, and strong trendline support all in play, the stars seem to be aligning for ONDO bulls.
Bottom line? If ONDO maintains its current structure and buying interest persists, it may be one of the most compelling altcoin plays on the market right now. Whether you’re a short-term trader or long-term investor, ONDO is a name worth watching closely.
