Ondo Finance Price Consolidation Ahead of Potential Breakout to $0.50
Ondo Finance (ONDO) is making waves in the crypto market, with its price consolidating as buyers defend key support levels. This has led to expectations of a potential bullish breakout for the ONDO price.
The token's total value locked (TVL) on 11 different blockchains has reached $3.48 billion, with Ethereum being the most popular chain, hosting over half of this amount at $1.88 billion.
According to MikyBullCrypto, the ONDO price is in a consolidation phase, and if buyers continue to defend key support levels, momentum could eventually provide the foundation for a bullish breakout and stronger upside continuation.
The analyst believes that with enough momentum behind the breakout, ONDO is capable of hitting the $0.50 mark as its next upside target.