ONDO shows a bullish potential of 120% with a cup and handle pattern, targeting $2.00. Bitget's partnership with Ondo Finance is driving the adoption of tokenized assets. Explore the technical analysis and future outlook.
The ONDO price is forming a “cup and handle” pattern, often associated with larger movements if the upper resistance line is breached. With targets reaching up to $2.00, this configuration signals a potential increase of nearly 120% as Bitget expands the adoption of tokenized assets.
Currently, ONDO is trading at $0.9183, down 5.2% over the last day. The token is moving within a clear range, and the chart shows signs of a possible turning point. Bitget’s partnership with Ondo Finance on tokenized stocks and ETFs highlights ONDO’s growing role in bridging blockchain with real-world assets.
The ONDO price has formed a cup and handle pattern, with a clear double bottom at $0.84 showing that this level constitutes solid support. However, the zone between $1.15 and $1.43 continues to act as strong resistance, preventing ONDO from advancing. If the price breaks through this region, the next targets could appear at $1.30, $1.57 and $1.84 according to Fibonacci extensions.
The liquidity zone extends up to $1.61. If ONDO breaks through it, it will likely seek higher levels.
In the shorter term, ONDO could reach the liquidity zone at $1.07 before experiencing a correction. A break above $0.98 would be a good start in this direction.
The partnership between Bitget and Ondo Finance offers users new access to tokenized stocks and ETFs, paving the way for assets such as Apple, Tesla, and Amazon. These assets can now be traded 24/7 in dollars, backed by regulated custodians for enhanced security. Additionally, 1inch has upgraded its Swap API with Ondo’s system, enabling wallets and applications to provide transactions on tokenized real-world assets.
In conclusion, with a solid cup and handle pattern, support at $0.84 and price targets up to $2.00, the token presents significant bullish potential. The ability to break through resistance from $1.43 to $1.61 will be decisive in confirming this scenario. Moreover, Bitget and 1inch partnerships strengthen ONDO’s adoption in the tokenized assets space, offering an attractive combination of technical and fundamental factors.
To diversify your portfolio with tokenized stocks, here’s how to proceed in a few steps:
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Charles Ledoux is a Bitcoin and blockchain technology specialist. A graduate of the Crypto Academy, he has been a Bitcoin miner for over a year. He has written numerous masterclasses to educate newcomers to the industry and has authored over 2,000 articles on cryptocurrency. Now, he aims to share his passion for crypto through his articles for InvestX.
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