The price of ONDO (Ondo Finance) has captured the attention of many traders recently due to signs of a potential breakout. ONDO’s price analysis shows a promising 47% increase as key indicators align to suggest a bullish trend ahead. The cryptocurrency is currently trading near crucial levels, signaling that the altcoin could be poised for a price surge if it can break out of a descending triangle pattern on its price chart.

Chart Patterns Indicating a Breakout

ONDO’s price chart reveals the formation of a descending triangle pattern, a common technical pattern that often precedes significant price movement. The descending triangle is characterized by a series of lower highs and a horizontal support level. In ONDO’s case, the support level is near $1.0837, and the price has been consolidating within this range, forming a tightening price range. Historically, such patterns tend to resolve with a breakout, either upwards or downwards, and the current setup suggests that ONDO is likely to break upwards.

Alongside the chart pattern, the Relative Strength Index (RSI) is also showing signals of a potential reversal. The RSI, currently sitting at 34.78, is nearing oversold territory, which often precedes significant reversals. A low RSI can indicate that ONDO is undervalued and may be due for a price correction or rebound.

Accumulation and Buying Pressure

Despite the price decline, ONDO has seen a surge in buying interest, as reflected by the Aggregated Spot CVD (Cumulative Volume Delta), which shows strong buying volume in the market. This divergence between the increasing buying pressure and declining price points to accumulation. Essentially, even though ONDO’s price has been dropping, traders are still accumulating positions, suggesting that a bullish reversal may be on the horizon.

Additionally, ONDO’s liquidation heatmap provides further insight into the market structure. The heatmap indicates that liquidations have clustered around the $1.10 to $1.20 range. This is crucial because a significant portion of leveraged long positions has been cleared out, which reduces the risk of forced sell-offs. With fewer leveraged positions to trigger sell-offs, the price is less likely to face sudden downward pressure, creating a more stable environment for a potential breakout.

Institutional Backing Fuels Confidence

One of the key factors behind ONDO’s recent growth is institutional involvement, particularly from Pantera Capital, one of the leading crypto investment firms. Pantera’s backing adds legitimacy to ONDO’s tokenization of real-world assets, increasing confidence in the long-term growth of the project. Institutional backing typically signals strong bullish sentiment, as these firms tend to invest in projects with long-term potential.

Furthermore, ONDO has experienced a surge in netflows, particularly on February 24, 2025, when $40 million in inflows coincided with a price rally to $2.33. This is a critical indicator, as historical data has shown that such large capital inflows often precede price recoveries. The combined institutional confidence and increasing buying volume reinforce the potential for a strong upward move in ONDO’s price.

Strong Market Positioning and Limited Sell Pressure

Another indicator of ONDO’s upside potential is its break-even price analysis. Currently, 80.04% of ONDO traders are in profit, while only 10.74% are in loss. This distribution shows that most traders are holding positions with profits, suggesting limited sell pressure. The price is supported by profit-taking rather than liquidation, further bolstering the likelihood of a bullish breakout.

Moreover, the low-risk exposure of positions (9.21%) indicates that the market is not overly leveraged, and there is less chance of forced sell-offs from liquidations. These factors collectively support the argument that ONDO’s price is in a favorable position for growth.

Conclusion

ONDO’s price analysis points to a potential 47% increase, driven by technical patterns, strong institutional support, and increasing buying interest. With the descending triangle setup, reduced downside risk, and key bullish signals like the RSI and CVD, ONDO appears poised for a significant price movement. However, as always, market sentiment and macroeconomic conditions will play a role in determining whether ONDO can achieve its projected price surge or face further consolidation.