Ondo (ONDO) Price Prediction 2024-2030: Will ONDO Price Hit $0.35 Soon?
- Bullish Ondo (ONDO) price prediction ranges from $0.25 to $0.4.
- Analysis suggests that the ONDO price might reach above $0.36.
- The ONDO bearish market price prediction for 2024 is $0.145
What is Ondo Finance (ONDO)?
Ondo is a financial infrastructure development company that builds Institutional-Grade Finance products. Ondo heavily indulges in the development of these instrumental products as it believes that within the next decade, the traditional and decentralized finance worlds will merge, with public blockchain technology underpinning it all. Hence, it endeavors to be ready to leverage this opportunity.
An excerpt on Ondo’s website that defines “institutional-grade”, states:
“To us, “institutional-grade” means (a) built and operated with security and transparency as bedrock principles; (b) legally and regulatorily compliant; (c) thoughtfully structured, both in terms of cost-effectiveness and investor protections; and (d) world-class customer/user experience”.
Table of contents
- What is Ondo Finance (ONDO)?
- Ondo (ONDO) Current Market Status
- Ondo (ONDO) Price Analysis 2024
- Ondo (ONDO) Price Analysis – Bollinger Bands
- Ondo (ONDO) Price Analysis – Relative Strength Index
- Ondo (ONDO) Price Analysis – Moving Average Convergence Divergence
- Ondo (ONDO) Price Prediction 2024-2030 Overview
- Ondo (ONDO) Price Prediction 2024
- Ondo (ONDO) Price Prediction – Resistance and Support Levels
- Ondo (ONDO) Price Prediction 2025
- Ondo (ONDO) Price Prediction 2026
- Ondo (ONDO) Price Prediction 2027
- Ondo (ONDO) Price Prediction 2028
- Ondo (ONDO) Price Prediction 2029
- Ondo (ONDO) Price Prediction 2030
- Ondo (ONDO) Price Prediction 2040
- Ondo (ONDO) Price Prediction 2050
- Conclusion
- FAQ
Ondo (ONDO) Current Market Status
The maximum supply of Ondo (ONDO) is unavailable, while its circulating supply is 1,379,327,727 ONDO, according to CoinMarketCap. At the time of writing, ONDO is trading at $0.2469 representing 24 hours decrease of 11.89%. The trading volume of ONDO in the past 24 hours is $148,217,127 which represents a 1.42% decrease.
Some of the top cryptocurrency exchanges for trading Ondo are Binance, Bybit, Bitget, LBank, and BingX.
Now that you know Ondo and its current market status, we shall discuss the price Analysis of Ondo (ONDO) for 2024.
Ondo (ONDO) Price Analysis 2024
Currently, ONDO ranks 138 on CoinMarketCap’s list of the biggest cryptocurrencies by market capitalization. Will ONDO’s most recent improvements, additions, and modifications help its price rise? First, let’s focus on the charts in this article’s ONDO price forecast.
Ondo (ONDO) Price Analysis – Bollinger Bands
The Bollinger bands are a type of price envelope developed by John Bollinger. It gives a range with an upper and lower limit for the price to fluctuate. The Bollinger bands work on the principle of standard deviation and period (time).
The upper band as shown in the chart is calculated by adding two times the standard deviation to the Simple Moving Average while the lower band is calculated by subtracting two times the standard deviation from the Simple Moving Average.
The above chart shows the expansion and the contracting of the bands with red rectangle highlights. When the bands widen, there is a high chance for the price to fall or increase by a large margin. In the above scenario, ONDO gained value and spiked while touching the upper band.
When the bands contract, the market is saturated, or the buyers and sellers cancel out each other. Or, the difference between the number of buyers and sellers varies by a small margin. Hence, this leads to the price being saturated.
The above chart shows the Bollinger band trend indicator and the Bollinger band Fibonacci indicator. When considering the trend, ONDO is currently losing value as the trend indicator has turned red.
The Bollinger band Fibonacci indicator shows to what extent the bands widen or contract. The yellow dotted line is the SMA and each pair of lines above and below the Bollinger band are arranged in the Fibonacci ratio. Currently, the upper and lower bands are within the 2.168 Fibonacci level. This is normal quite ordinary behavior in a normal market.
Ondo (ONDO) Price Analysis – Relative Strength Index
The Relative Strength Index is an indicator that is used to measure whether the price of a cryptocurrency is over or undervalued. For this purpose, it has two extreme regions: overbought and oversold.
When the RSI reads a value (>70) then the crypto is overbought, which means that due to more buying the demand has increased as such the price has also increased. On the other hand, when the (RSI<30), it is oversold, many are selling, as such, its price is undervalued.
When looking at the chart above, it can be seen that since last week, ONDO has been fluctuating within the $0.2055 and $0.3071 price ranges. At present, the RSI reads a value of 40 and the RSI which is below the signal seems to be rising towards the signal. If the RSI manages to crossover the signal line, then, ONDO could be considered as performing better than average.
The RSI could also be used to find out divergences in prices. For instance when a token makes a higher low the RSI usually reciprocates the token’s behavior. However, if the RSI makes a lower low while the token makes a higher low, then it is considered a bearish divergence.
The RSI bands used in the chart above set bounds for the price to fluctuate just like the Bollinger. ONDO lately hit the upper band ricocheted off of it, and crashed below the SMA. Currently, it is heading towards the lower band and if it touches the lower or gains value before touching it, then a new higher low would be made as shown by the RSI swing indicator.
Ondo (ONDO) Price Analysis – Moving Average Convergence Divergence
The Moving Average Convergence and Divergence indicators use two exponential moving averages (ema) to find how the cryptocurrency is doing. Usually, the longer EMA is the 26-Day EMA and the shorter is the 12-Day EMA. The MACD is found by reducing the 12-day EMA from the 26-day EMA. If the MACD is positive that means the crypto is performing but if it’s negative, then it is losing value.
The above chart shows two instances where the MACD was in the positive and negative regions. The section on the left shows that a fall of 22% made the MACD line venture into the negative zone. On the right side, an increment in price by 30% saw the MACD move into the positive zone. Currently, the MACD is in the negative zone and it is below the signal. If more sellers join, then, ONDO could lose value abruptly and fall.
The MACD-X by DGT used in the chart above shows the points where traders could go long. The green arrows show the entry point based on the MACD while the red arrows indicate the take profit area. Currently, as the short-term EMA is approaching the longer EMA from below, there is a high chance that they could cross. Hence, those going long may find the point of intersection as an excellent entry point.
The faster EMA crosses the slower EMA from below could also be seen in the volume-weighted average used at the bottom of the chart. Although, currently, the faster EMA is facing the negative region, it could turn towards the zero line when traders buy the dip.
Ondo (ONDO) Price Prediction 2024-2030 Overview
| Year | Minimum Price | Average Price | Maximum Price |
| 2024 | $0.28 | $0.36 | $0.45 |
| 2025 | $0.63 | $0.95 | $1.25 |
| 2026 | $0.98 | $1.25 | $1.57 |
| 2027 | $1.52 | $1.9 | $2.35 |
| 2028 | $1.9 | $2.15 | $2.65 |
| 2029 | $2.75 | $3.25 | $3.8 |
| 2030 | $3.45 | $3.8 | $4.35 |
| 2040 | $3.9 | $4.75 | $5.5 |
| 2050 | $5 | $6.5 | $8 |
Ondo (ONDO) Price Prediction 2024
The above chart shows that ONDO is trading inside an ascending triangle. It made a few higher lows but with regard to the highs, it made only one. This pattern of rebounding off of both trendlines may continue until the rising wedge is fully formed.
However, a conventional breakout from the ascending wedge would have ONDO fall by the height of the wedge during its initial stages of formation, from the break point. As such, it could fall somewhere close to $0.15. Nonetheless, if ONDO’s fall is stopped at support one it still may have the ability to get back into the lower trendline of the wedge.
The dark red line at the top of the chart is the predictive price range indicator’s forecasted price. In the event that ONDO breaks the upper trendline, it may have some rebound near the resistance 1 level. After, breaking the resistance 1 level there is a high chance that could reach the $0.36 price level, given that the bulls persist.
The purple highlighted zones show the price range at which there was high supply and demand based on the volume. The yellow line shows the highest and lowest value areas and the red line shows the Point of Control (PoC). PoC is the price at which the highest number of pieces were sold.
Ondo (ONDO) Price Prediction – Resistance and Support Levels
Since this is the initial phase of ONDO, there are two major support and resistance levels. However, with the passing of time and with more exposure to ONDO, there will be more resistance and support levels developing in the future. Resistance and support levels could be based on volume or any other parameter like supply and demand.
Ondo (ONDO) Price Prediction 2025
ONDO may experience the after-effects of the Bitcoin halving and is expected to trade much higher than its 2024 price. Many trade analysts speculate that BTC halving could create a huge impact on the crypto market. Moreover, similar to many altcoins, ONDO will continue to rise in 2025 forming new resistance levels. It is expected that ONDO will trade beyond the $0.95 level.
Ondo (ONDO) Price Prediction 2026
It is expected that after a long period of bull run, the bears would come into power and start negatively impacting the cryptocurrencies. During this bearish sentiment, ONDO could tumble into its support regions. During this period of price correction, ONDO could lose momentum and be way below its 2025 price. As such it could be trading at $1.25 by 2026.
Ondo (ONDO) Price Prediction 2027
Naturally, traders expect a bullish market sentiment after the crypto industry was affected negatively by the bears’ claw. Moreover, the build-up to the next Bitcoin halving in 2028 could evoke excitement in traders. However, there’ll be a dip in price before the excitement will be reciprocated in ONDO. As such we could expect ONDO to trade at around $1.9 by the end of 2027.
Ondo (ONDO) Price Prediction 2028
As the crypto community’s hope will be re-ignited looking forward to Bitcoin halving like many altcoins, ONDO may reciprocate its past behavior during the BTC halving. Hence, ONDO would be trading at $2.15 after experiencing a considerable surge by the end of 2028.
Ondo (ONDO) Price Prediction 2029
2029 is expected to be another bull run due to the aftermath of the BTC halving. However, traders speculate that the crypto market would gradually become stable by this year. In tandem with the stable market sentiment, ONDO could be trading at $3.25 by the end of 2029.
Ondo (ONDO) Price Prediction 2030
After witnessing a bullish run in the market, ONDO and many altcoins would show signs of consolidation and might trade sideways and move downwards for some time while experiencing minor spikes. Therefore, by the end of 2030, ONDO could be trading at $3.8.
Ondo (ONDO) Price Prediction 2040
The long-term forecast for ONDO indicates that this altcoin could reach a new all-time high(ATH). This would be one of the key moments as HODLERS may expect to sell some of their tokens at the ATH point.
If they start selling then ONDO could fall in value. It is expected that the average price of ONDO could reach $4.75 by 2040.
Ondo (ONDO) Price Prediction 2050
The community believes that there will be widespread adoption of cryptocurrencies, which could maintain gradual bullish gains. By the end of 2050, if the bullish momentum is maintained, ONDO could hit $6.2.
Conclusion
As said above, the price of ONDO may even reach above $0.35 if investors have decided that the cryptocurrency is a good investment, along with mainstream cryptocurrencies.
FAQ
Ondo is a financial infrastructure development company that builds Institutional-Grade Finance products.
ONDO tokens can be traded on many exchanges like other digital assets in the crypto world. Binance, KuCoin, Kraken, Gate.io, OKX, Huobi, Crypto.com Exchange, BKEX, CoinEx, MEXC, Bitbank, WhiteBIT, XT.COM, BigONE, BingX, CoinW, Hotbit and ZT.
ONDO has a possibility of surpassing its present all-time high (ATH) price of $$0.3353 in April 2022. However, due to the positive sentiments of its investors, this could be reached within a short frame of time.
ONDO is one of the few cryptocurrencies that has retained its bullish momentum in the past seven days. If this momentum is maintained, ONDO might reach $0.35 soon after it breaks the Resistance level 1.
ONDO has been one of the most suitable investments in the crypto space. It has been rising exponentially, hence, traders may be allured to invest in ONDO.
ONDO has a present all-time low price of $0.08355.
ONDO has a present all-time high price of $0.3103.
ONDO is expected to reach $0.95 by 2025.
ONDO is expected to reach $1.25 by 2026.
ONDO is expected to reach $1.9 by 2027.
ONDO is expected to reach $2.15 by 2028.
ONDO is expected to reach $3.25 by 2029.
ONDO is expected to reach $3.8 by 2030.
ONDO is expected to reach $4.75 by 2040.
ONDO is expected to reach $6.5 by 2050.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
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