Ondo Price Prediction: 2024, 2025, 2030

ONDO price prediction: Key highlights

1. Primary support and resistance levels

• The highest resistance was established at $1 on the daily chart.
• On the downside, $0.48 proved to be the lowest price floor.

2. Market sentiment

• The market sentiment around ONDO remains neutral in April 2024.

3. Predictive forecasts

• Based on our AI/ML predictive models, the average price of ONDO is projected to be around $30 in 2028 and over $140 in 2030.

Given below is a comprehensive daily technical analysis of ONDO, followed by the coming days of the month, upcoming months, and yearly forecast tables derived from our AI/ML-based predictive models: 

ONDO technical analysis: Bulls navigate the road to $1

The growing interest in the Real World Asset (RWA) sector has become a significant area of focus for investors looking for tangible asset-backed investments in the cryptocurrency space. This has propelled ONDO into the limelight, making Ondo price prediction 2024 a keen topic of interest.

The asset started out from its lowest support at $0.48. After stabilizing at this level, the bulls initiated a rally, which encountered significant resistance at $0.61. The buying pressure wasn't substantial enough. Thus, by mid-March, the price underwent a corrective drop. 

The declines pushed the price momentarily below the low support base. Despite this setback, the buying momentum resumed. The asset eventually surpassed the $0.61 mark, setting the stage for a remarkable ascent. 

Towards the end of the month, the bulls reclaimed $0.85 while setting sights on reaching the highest resistance at $1. Their success marked a significant milestone, as the asset achieved a new all-time high (ATH) of $1.05. 

AMBCrypto outlined a major factor that contributed to this surge. Ondo Finance became the fourth-largest holder of BlackRock’s Ethereum-based tokenized fund, BUIDL. 
 

Nevertheless, this uptrend was not without its challenges. After reaching its peak, ONDO experienced a decline, falling below $0.85 in April. More declines were halted at $0.75, which became a focal point for bears. 

A momentary breach of this level didn’t deter the bulls as they held up $0.70 to propel a price surge. This culminated in a retest of the peak resistance mid-month. AMBCrypto reported a sharp spike in ONDO’s Weighted Sentiment during this time, which even surpassed Ethereum (ETH).

The altcoin's social volume and value uptick were further bolstered after implementing the new feature, allowing near-instant conversions between Circle’s USDC stablecoin and BUIDL token. However, this wasn’t enough to sustain the bull run, and ONDO fell below $0.85 again. As of this writing, the support at $0.75 held its ground, with the token valued at $0.78.

The future trajectory of ONDO hinges on the bulls' ability to maintain the current support level. Should this base hold, it could serve as a catalyst for another upward rally. A move over $0.85 could allow the token to reach $1 in the coming weeks.

Conversely, a breach of $0.70 could see the price gravitating towards the $0.61 level. This would necessitate a re-evaluation of its short-term prospects.

Looking ahead, the outlook for ONDO remains optimistic. Projections from our models suggest an average trading price of over $30 by 2028 and the potential to escalate to more than $140 by 2030. These forecasts are buoyed by the asset's demonstrated resilience, strategic market positioning, and the underlying growth of the RWA sector, making ONDO a noteworthy contender in the cryptocurrency market.

ONDO's 2024 roadmap: Key indicators to watch and trade

• The trading volume closely followed price movements, showcasing a slight increase alongside the price appreciation. This correlation indicated active participation and interest during the price rise.
• As the price fell below $0.85, a notable decline was observed, which persisted until mid-April. After recording new highs, the recent downturn saw investors withdraw, as evidenced by the drop in volume. Yet, it didn't stoop to previous lows, indicating that the market still retained the bullish outlook.
• The Relative Strength Index (RSI) remained in the overbought territory until mid-March. Afterward, it set forth on a downward trajectory, even dipping below the neutral 50 mark.
• However, as the price resumed its upward movement, the RSI reflected this change, fluctuating above and below the overbought threshold. As March ended, the indicator again continued its descent. It dropped below 50 close to mid-April, and after a brief resurgence, it settled at 50.37 by the end of the analysis. 
• The Chaikin Money Flow (CMF) indicator remained positive for the majority of the analysis. It started dropping in April and even fell below the zero line thrice. At the time of writing, it stood at -0.01. This marginal negative value showed that neither strong buying nor strong selling pressure was dominant.