Analyst sees ONDO gearing up for breakout above $0.50

Crypto analyst CryptoJelleNL expects the ONDO price to be on the verge of breaking out. After a prolonged accumulation phase, the coin is holding above the 200-day exponential moving average (EMA) and the price is approaching a descending trendline. According to the analyst, the chart pattern points to an imminent move towards $0.50 or higher.

In short

• ONDO appears to have completed an accumulation and re-accumulation phase
• The price is approaching a descending trendline while remaining above the 200-day EMA
• CryptoJelleNL expects a breakout to above $0.50

Accumulation and re-accumulation as the foundation

A clear pattern is visible on ONDO’s daily chart. In late 2025 and early 2026, the price was in a broad accumulation zone, with the daily moving averages flattening out. This is a technical signal that selling pressure is decreasing and demand is starting to build.

This was followed by a re-accumulation phase in the form of a descending wedge-shaped structure, which is generally seen as a bullish pattern. ONDO is currently trading around $0.37 to $0.38.

Trendline as the next hurdle

The descending trendline that has been in force since early 2026 forms the next technical resistance. CryptoJelleNL sees the price now pushing up against that line, while ONDO is simultaneously managing to stay above the 200-day EMA. This is generally regarded as a positive sign.

The analyst says he personally holds a position in ONDO and expects a break above the trendline to clear the way for a price of more than $0.50. That would represent a gain of well over 30% compared with the current level. Whether and when this breakout occurs will depend in part on broader market conditions, such as demand for Bitcoin on the spot market.