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Author: Admin | 2025-04-28
For long-term growth, with its next major price target at $2.50 and beyond.Ondo (ONDO): Ondo (ONDO) Targets $2.60 as Institutions BuyOndo (ONDO) is getting a lot of attention in the crypto space due to tokenized real-world assets (RWAs). The token just broke out of a bullish flag and is still trending up with investors. With ONDO at $1.41, institutions and retailers are watching ONDO as it consolidates before moving to $2.60.ONDO Coin’s weekly price chart. Source: Brave New CoinONDO’s recent price action is looking good technically, with key levels emerging as support and resistance. The break above $1.75 has made $1.75 a new support and traders are watching the $2.00 – $2.10 range as the next resistance. A move above this resistance could take ONDO to $2.40 – $2.60.The RSI is still in the buy zone, so there is room for improvement. Historical price data shows that the last time ONDO’s RSI was at this level, ONDO went up by over 200% in a month.Traders are also watching the 50-day moving average (20DMA) at $1.49 which has been a key indicator for short-term price action.ONDO daily chart. Source: SantimentSeveral fundamental factors have driven ONDO’s price up. One of the biggest is Ondo Finance’s partnership with BlackRock which has made ONDO a leader in tokenized securities and RWAs.Another big catalyst is the deployment of Ondo Short-Term US Government Treasuries (OUSG) on the XRP Ledger. This will increase liquidity and scalability in the tokenized asset space and allow investors to access real-world
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