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GameStop boosts its convertible note offering to $2.25 billion, fueling its 
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Coinbase is set to launch the Coinbase One Card this fall, offering up to 4% 
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KuCoin has officially launched a fully licensed crypto exchange in Thailand, 
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Despite failing to break out of its downtrend, ONDO could be preparing for a 
surge above the $2 barrier. Some analysts suggest it could repeat its 2024 
playbook if it continues to hold its current levels. Related Reading: Ethereum 
Prepares For Massive Run After $2,800 Reclaim – ‘Up Only’ Ahead? ONDO Breakout 
Eyes $2 ONDO, the native token of the tokenized real-world asset (RWA) 
platform Ondo Finance, is attempting to reclaim a key area amid the market 
pullback. Notably, the cryptocurrency has struggled to hold the $1 mark since 
losing the area as support over three months ago. In December, the RWA token 
hit its all-time high (ATH) of $2.14 after US President Donald Trump’s crypto 
venture, World Liberty Financial (WLFI), purchased 134,216 ONDO tokens for 
250,000 USDC. This propelled ONDO’s price above the $2 barrier for the first 
time, but the late 2024 and Q1 2025 corrections halted its bullish momentum, 
sending its price to the $0.60-$0.70 range. Following the late April market 
recovery, ONDO’s price reclaimed the $0.85 area and broke out of its multi- 
month downtrend. The cryptocurrency then hovered between the $0.85-$1.10 
levels throughout May, hitting a three-month high of $1.13 nearly a month ago. 
Since then, the token has been in a one-month downtrend, dipping below its 
local range after the recent market pullback. However, the cryptocurrency has 
been attempting to reclaim this range for the past week, hitting a one-week 
high of $0.92 on Wednesday. Crypto analyst World of Charts highlighted the 
token’s performance, affirming, “after a long correction, Finally Looking Good 
For Midterm.” As ONDO attempts to reclaim the $0.90 area, the analyst 
anticipates that the cryptocurrency will soon break out of its current range 
and the downtrend line, forecasting a 130% rally toward the $2 barrier. 2024 
ATH Repeat Coming? On Thursday, analyst Sjuul from AltCryptoGems noted ONDO’s 
performance over the past year, asserting, “Not sure there are many other 
charts looking as good on high time frames like ONDO.” He explained that “The 
King of RWA” is “basically holding a bullish structure since its launch,” 
making a series of higher lows for over a year while maintaining its ascending 
support trendline. Meanwhile, analyst Alex Clay suggested that ONDO could see 
a parabolic run based on its performance in 2024. The market watcher noted 
that the token is currently accumulating at the bottom of a 15-month ascending 
channel, which previously served as a crucial bounce point for its rally 
toward its ATH. As Clay explained, after reaching the channel’s upper boundary 
last year, ONDO saw a multi-month downtrend toward the lower boundary, before 
printing a higher low. This was followed by a massive rally toward the 
channel’s top. Related Reading: Bitcoin Eyes New Highs As Price Retests 
$109,000, But Analyst Warns Of Potential Pullback This year, ONDO is 
“following the Bullish Fractal from the previous year” after falling to the 
channel’s lower boundary, breaking out of the downtrend line, and registering 
a higher low. “These 2 reasons are more than enough to pump straight up to the 
channel&#8217;s top,” the analyst concluded. If history repeats, the cryptocurrency 
could surge toward the $2.8-$3 area. At the time of writing, ONDO trades at 
$0.84, a 5.2% decline in the daily timeframe. Featured Image from 
Unsplash.com, Chart from TradingView.com