The post ONDO price eyes 60% surge if it breaks $1.20 resistance appeared on BitcoinEthereumNews.com.

ONDO is poised for another breakout attempt from a double bottom pattern, with a potential target near $1.70, representing an upside of about 60% from the current level. Summary ONDO price rebounded from a recent low of $0.95 after a failed breakout attempt on July 22. Price remains above the 20-day EMA and 50-day SMA, with a bullish crossover since mid-July. RSI reset to 61, indicating bullish momentum and potential for another breakout attempt. On July 23, 21Shares filed with the SEC to launch the 21Shares Ondo Trust, a step toward a spot ONDO ETF. New daily ONDO addresses have quadrupled in the past week, signaling growing network activity. Ondo Global Markets Alliance now includes over 25 companies, with Zodia Custody and Bitget joining recently. In July, Ondo acquired blockchain developer Strangelove and SEC-licensed broker-dealer Oasis Pro. ONDO technical analysis Ondo Finance (ONDO) price is steadily recovering from the recent dip to $0.95, following a failed breakout attempt from a double bottom pattern on July 22. On that day, the price briefly surged above the neckline near $1.13, peaking at $1.17, but lost momentum as the RSI got overheated, triggering a pullback. The decline found support at the 20-day EMA, which has served as a reliable dynamic support throughout July. Importantly, ONDO price remains firmly above both the 50-day SMA and the 20-day EMA, which have maintained a bullish crossover since mid-July. With the RSI now reset at 61 but still bullish, ONDO price appears poised for another breakout attempt. A decisive daily close above the $1.20 level would confirm a breakout from the double bottom pattern, potentially setting the stage for a move toward the $1.60–$1.70 range, based on the measured move target of the formation. Source: TradingView What’s driving ONDO price? Recent developments around Ondo Finance have significantly…

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Filed under: News - @ July 28, 2025 5:38 pm