Bullish On ONDO: Here’s Why Ondo Price Could Soar 44% In May

Key Insights:Ondo price jumped 5.7% to $0.9274, with strong buy momentum and whale accumulation.Ondo’s Solana expansion boosts its RWA tokenization game, fueling bullish sentiment.The chart shows a cup-and-handle pattern; a breakout above $1 could send ONDO to $1.50 in May.Ondo (ONDO) price jumped 5.7% in the past 24 hours, reaching $0.9274. Trading volume surged by 47% to $204 Million, reflecting vigorous market activity. The asset is currently sitting at the intraday high, signaling that buy momentum is at its highest.Ondo Finance is catching attention as its chart signals a strong bullish reversal. This setup could propel ONDO back to its yearly highs, fueling investor excitement. Let’s break it down and see whether this RWA asset could soar 44% in May.Big Moves This Week: Ondo’s Heating UpOndo Finance had an exciting week with significant developments. On May 5, it announced a key partnership with LayerZero.LayerZero is an omnichain layer aimed at enhancing blockchain interoperability. This collaboration will expand Ondo’s real-world asset (RWA) tokenization to the Solana blockchain.This move is huge as RWA tokenization is the future, and Ondo’s been killing it in this space. The partnership aims to bring more institutional-grade assets on-chain. This could drive massive adoption for ONDO.Coinbase Wallet Holdings Change (ONDO) | Source: ArkhamThe market loves this kind of news, and it’s likely the catalyst to increase the price. Meanwhile, some big wallets scooped up millions of ONDO tokens during the dip to $0.82. Data from Arkham showed increases in Ondo holdings for Coinbase and Upbit.ONDO Price Weekly Chart: A Bullish Beast in the MakingCrypto analyst Kyren highlighted a weekly ONDO chart in a post on X. They observed that the price action consistently follows an upward trendline, suggesting that a strong catalyst could drive a breakout.Ondo Price | Source: XONDO price has repeatedly bounced off a long-term ascending trendline. This shows strong support around the $0.80–$0.85 range, reinforcing bullish momentum. On May 8, 2025, ONDO was at $0.9274, with a 205.12% gain over the last 18 weeks.The chart also shows ONDO stabilizing and building support after a wild ride with peaks near $2.40 earlier this year. The current consolidation around the trendline suggests the bulls are gathering steam for another leg up.If ONDO breaks past the $1 resistance level, it could test $1.33 pretty quickly—a 46% jump from its current price. Most weekly candles show longer, lower wicks; buyers step in hard on dips. This kind of action screams “accumulation” by big players.Ondo Price Prediction: Why a 44% Surge Is DoableMost analysts are calling for a bullish May, and Bitcoin is already showing signs of a strong month ahead. The daily Ondo price chart shows the asset is almost completing a bullish cup-and-handle reversal pattern.If ONDO successfully breaks out of its current chart pattern, it could reach an average price of $1.50. This would mark a 44% jump from its recent level of $0.915, reflecting strong bullish potential.If ONDO clears the $1 psychological level, the next resistance is around $1.12. This aligns with the 200-day simple moving average (SMA).The daily RSI for ONDO stands at 55, placing it in neutral territory. This suggests that the price still has room to climb before reaching overbought levels.ONDO/USD Price chart | Source: TradingViewThe 50-day SMA acts as a dynamic support holding Ondo around $0.86. However, if bears exert their power, the asset may find lower support around $0.68.The partnership news is a strong contender. However, whispers of Ondo Chain developments from their March spotlight could also spark a rally. If the team drops more updates or we see another whale buying spree, ONDO could blast off sooner rather than later.DisclaimerIn this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.godfrey mwirigiThe post Bullish On ONDO: Here’s Why Ondo Price Could Soar 44% In May appeared first on The Market Periodical.