After news about Trump tariffs being paused, the ONDO price bounced, attempting to break through a falling wedge consolidation pattern. While the breakout hasn’t been fully confirmed yet, the technical setup suggests promising potential.

According to World Of Charts (@WorldOfCharts1), “After Trump Tariffs Pause News Ondo Bounced, And Trying To Clear Falling Wedge Consolidation, Breakout Hasn’t Confirmed But If Falling Wedge Got Cleared Then It Can Hit $2.50+ In Coming Days.”

The ONDO/USDT chart currently displays a falling wedge pattern that has been forming over several months since its peak in late 2024. This pattern is typically considered bullish among technical analysts, often signaling an upcoming trend reversal or upside breakout. Throughout this formation, Ondo has been making lower highs and lower lows, gradually converging toward an apex point.

ONDO has strongly bounced off the lower boundary of the wedge, rallying 22.61% to reach $0.8694 as of April 9, 2025. World Of Charts correctly points out that this bounce appears to be fueled by improved market sentiment following the Trump Tariffs Pause news.

The current situation is at a crucial juncture. The Ondo price is now directly testing the upper resistance line of the wedge formation. While it’s extremely close to achieving a breakout, confirmation hasn’t occurred just yet. For a legitimate breakout to be confirmed, the price needs to not only break above the trendline but also close above it with substantial trading volume.

The significance of this potential breakout shouldn’t be underestimated. If ONDO successfully breaks through this resistance, it would signal a strong trend reversal, potentially ending the months-long downtrend and beginning a new bullish phase.

Based on technical analysis principles, particularly the measured move technique, the target projection for ONDO price after a confirmed breakout is around $2.50. This estimate is calculated using the height of the wedge from its peak (around $2.00+) to its lowest point (approximately $0.80).

Read Also: AI Predicts ONDO Price for Q2 2025 – Here’s What It Says

If this projection materializes, it would represent an estimated move of +146.50% (a 3x rally) from the breakout level—more than doubling the current value of ONDO. As World Of Charts suggests, this significant rally could happen “in coming days” following a confirmed breakout.

The broader context of the Trump Tariffs Pause news provides additional support for this bullish outlook. This policy development could reduce trade tensions, improve the market outlook for digital assets like Ondo, and create short-term bullish momentum across various risk assets.

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The post ONDO Price Poised for a 2.5x Rally? Here’s What the Chart Says appeared first on CaptainAltcoin.

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