Ondo's Optimistic Outlook Remains, Aiming for $3.80 Despite a 5.18% Drop in Price
Ondo (ONDO), a popular cryptocurrency, has been making waves in the market as it continues to show a bullish trend. With a current market cap of $4.93 billion, ONDO has seen a significant surge since late June 2025, rising from around $0.61 to over $1 in July, representing a more than 70% gain in about 25 days.
According to various predictions, ONDO is expected to stay within the range of roughly $0.80 and $1.40 by the end of July 2025. This forecast is based on whether key resistance levels are broken and bullish momentum is sustained. If ONDO manages to break the $1.15–$1.28 resistance zone, it could potentially rise to $1.29 to $1.40 by the end of the month. However, if there is a rejection near these resistances, a retracement back to $0.80–$0.95 support levels is possible.
Factors Contributing to ONDO's Bullish Structure
Several factors are contributing to ONDO's positive outlook. A recent technical "liquidity grab" recovery was interpreted as a false breakdown, followed by renewed buying pressure from the multi-month support level at ~$0.61. Institutional interest has also been a significant factor, with over $30 million of new institutional investments and a $200 million JPMorgan–Chainlink pilot settlement volume bolstering confidence and liquidity.
The expansion of real-world asset (RWA) offerings, the acquisition of Strangelove to boost on-chain RWA capabilities, and efforts to secure broker-dealer licenses indicate strong project fundamentals. New tokenized stock rollouts with attractive yields (3–5% APY) and partnerships have also acted as positive catalysts for price growth. Lastly, the general bullish market sentiment, with gains in top cryptocurrencies like BTC and XRP, has provided positive momentum spillover to ONDO.
Looking Ahead for ONDO
By July 23, open interest for ONDO approached $600 million, nearing previous highs. The 24-hour trading volume of ONDO has increased by 5.87% to $438.52 million. The Fully Diluted Valuation of ONDO is $10.2 billion.
A breakout above the diagonal resistance trendline for ONDO could push the price toward the projected take-profit zone between $6.50 and $13.00. However, it's important to note that a conservative price target for ONDO is near $3.80, aligning with the 1.618 Fibonacci level.
ONDO has remained bullish for the last month, and its chart maps higher highs and lows in a continued uptrend from late 2023 into 2025. Open interest for ONDO has increased steadily from November to mid-January, reaching nearly $600 million, and regained momentum again in early July after short-term fluctuations in June.
The previous buy zone for ONDO ranged between $0.50 and $0.77, and the market cap of ONDO reached $3.22 billion. Despite the recent price surge, ONDO is currently trading at $1.02.
In summary, ONDO is currently exhibiting a bullish market trend driven by institutional interest, strong project developments, and crypto market optimism. As it continues to break resistance levels and maintain positive market sentiment, ONDO is poised for further growth in the coming weeks.
Cryptocurrency investors are closely watching Ondo (ONDO), an altcoin, due to its bullish structure in the cryptocurrency market. With strategic factors contributing to its positive outlook, such as renewed buying pressure from institutional investments and expanding real-world asset offerings, ONDO is expected to potentially rise further, possibly reaching $1.29 to $1.40 by the end of July, according to forecasts. However, a rejection near the resistance zone might result in a retracement back to the $0.80–$0.95 support levels.
