The post ONDO Price Surges 12% After Bullish Pennant Breakout – Technical Analysis Shows Strong Momentum appeared on BitcoinEthereumNews.com.

Alvin Lang
Sep 13, 2025 11:55

ONDO trades at $1.12 (+3.82%) following a confirmed breakout from bullish pennant pattern. Technical indicators signal continued upward momentum toward $1.14 resistance.

Quick Take • ONDO currently trading at $1.12 (+3.82% in 24h) • Confirmed breakout from bullish pennant pattern drives 12% surge to $1.06 high • Tokenized securities expansion on Ethereum provides fundamental support What’s Driving Ondo Price Today? The ONDO price action over the past week tells a compelling story of technical momentum building on fundamental developments. On September 10, ONDO confirmed a breakout from a bullish pennant pattern, triggering a sharp 12% intraday surge that pushed the token to $1.06 before settling at current levels around $1.12. This technical breakout followed Ondo Finance’s September 6 announcement expanding its tokenized U.S. stocks and ETFs on Ethereum. The platform now offers non-U.S. investors 24/7 access to over 100 tokenized securities, with ambitious plans to scale to over 1,000 by year-end. While the initial announcement had a neutral impact on ONDO price, consolidating around $0.90, the subsequent technical breakout has validated the bullish sentiment surrounding these developments. The combination of expanding real-world asset tokenization and strong technical momentum has positioned ONDO for potential continued gains, with today’s 3.82% advance building on the recent breakout momentum. ONDO Technical Analysis: Strong Bullish Signals Emerge Ondo technical analysis reveals multiple bullish indicators aligning for potential continued upside. ONDO’s RSI currently sits at 68.81, approaching overbought territory but still within a neutral zone that suggests room for further gains before hitting exhaustion levels. The moving average structure strongly favors bulls, with ONDO trading well above all key averages. The current $1.12 price sits significantly above Ondo’s SMA 20 at $0.95 and SMA 50 at $0.97, indicating strong momentum. The EMA…

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Filed under: News - @ September 14, 2025 6:17 am