Ondo Price Prediction: ONDO Pumps 16% After Trump’s World Liberty Buy As This Crypto Wallet That Flags Hot ICOs Passes $4.5M

The
Ondo
price
pumped
16%
in
the
last
24
hours
to
trade
at
$2.09
as
of
02:56
a.m.
EST
on
trading
volume
that
skyrocketed
140%
to
$882
million,
according
to
CoinGecko. 

This
comes
after
the
news
of
an
ONDO
purchase
by
World
Liberty
Financial
(WLFI),
a
project
supported
by
the
family
of
Donald
Trump.
Trump’s
WLFI
purchased
134,216
ONDO
worth
$250,000
USDC
through
CoW
Protocol. 

Trump
family
crypto
project
World
Liberty
spent
250,000
USDC
to
purchase
134,216
ONDO
through
Cow
Protocol
at
6:51
UTC+8
on
December
16.
Ondo
Finance
focuses
on
RWA
tokenization
and
improves
financial
market
liquidity
and
efficiency
through
products
such
as
tokenized
short-term…

—
Wu
Blockchain
(@WuBlockchain)

December
16,
2024

Previously,
ENA,
AAVE,
and
LINK
also
experienced
upward
trends
after
the
WLFI
project
bought
their
tokens.

Ondo
Price
On
A
Continued
Bullish
Rally

The
ONDO/USDT
chart
on
the
4-hour
timeframe
highlights
a
clear
bullish
trend
as
prices
surge
sharply,
breaking
through
key
resistance
levels.
A
significant
rounded
bottom
has
formed
between
late
October
and
November,
marking
a
bullish
reversal
after
months
of
sideways
and
bearish
price
action.
The
breakout
above
$0.85
validated
this
reversal
and
triggered
a
strong
uptrend.

Since
the
breakout,


the
Ondo
price

has
moved
parabolically
to
its
current
level
of
$2.09,
with
a
high
of
$2.14.
This
move
indicates
strong
momentum
and
buying
interest.

The
Ondo
price
has
stayed
consistently
above
the
50-day
Simple
Moving
Average
(SMA)
(green
line)
and
200-day
SMA
(purple
line),
demonstrating
that
buyers
are
firmly
in
control.
The
steep
slope
of
the
SMAs
confirms
the
strength
of
the
current
uptrend.

Meanwhile,
the
Relative
Strength
Index
(RSI)
is
at
67.25,
approaching
the
overbought
zone
(70+).
While
not
yet
overbought,
this
suggests
strong
momentum
but
also
hints
at
potential
short-term
exhaustion.
If
the
RSI
moves
above
70,
a
minor
retracement
or
consolidation
could
occur.

The
blue
Moving
Average
Convergence
Divergence
(MACD)
line
(0.05826)
is
above
the
orange
signal
line
(0.04423),
confirming
bullish
momentum.
The
MACD
histogram
remains
positive,
indicating
continued
buying
pressure.

ONDO/USDT
Chart
Analysis
(Source:
Tradingview)

Ondo
Price
Prediction

The
general
ONDO
price
analysis
indicates
that
the
asset
is
on
a
sustained
bullish
rally
that
aims
to
push
the
price
of
Ondo
above
its
current
all-time
high
(ATH)
at
$2.14.
If
the
bulls
sustain
this
momentum,
the
next
target
could
be
around
$2.50
or
higher.

However,
given
the
approaching
overbought
RSI,
a
pullback
to
$1.76
or
even
the
50-day
SMA
near
$1.50
could
occur
before
the
next
leg
higher.

Meanwhile,
investors
who
are
looking
to
diversify
their
portfolio
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(BEST),
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