ONDO Price Surges as Double-Bottom Pattern Signals Bullish Reversal

The ONDO price has shown a strong bullish trend, according to analysts. A double-bottom pattern is emerging, indicating that selling pressure may be weakening and renewed demand could support a broader recovery.

The token's price has recovered towards the $0.40 resistance level after buyers repeatedly defended the key support area around $0.20-$0.25. This suggests that the token's price structure is pointing to a bullish reversal ahead, which could see it move towards the $1.40 range if momentum continues.

The growth of Ondo Perps has also contributed to this trend, with open interest exceeding $100 million and aggregate trade volume crossing the $9 billion mark. This indicates rapid growth in perpetual contract trading in real-world assets and a growing desire among traders to use crypto-native methods.