Ondo Price Reaches Target Zone After Strong Rally

The Ondo price is showing an impressive rally and has now reached the target zone previously set by analyst Michaël van de Poppe. Nevertheless, he is cautious about the further course in the short term. He does not rule out a temporary pullback, but sees such a dip precisely as a buying opportunity.

Ondo is available at OKX and Bybit.

Strong Upward Movement for Ondo

According to the chart Van de Poppe shared on X, the Ondo price is rising by approximately 28% toward his target zone around $0.41. That zone marks a key level on the daily chart. The coin is trading at around $0.4086 at the time of writing, showing a clear trend reversal compared to the weaker period in June and early July.

Van de Poppe states that Ondo is currently initiating an upward trend, which he considers a positive signal. In his view, the strong move of recent days confirms that the bottom is behind us and that the market is ready for a new phase.

Correction of 5 to 15% is Possible and Welcome

Despite the positive sentiment, Van de Poppe warns that a direct continuation of the rally is not certain. He indicates that a correction of 5 to 15% from the current levels is quite possible and would not harm the market. On the contrary, he says he would step in himself during such a pullback.

The chart shows a support zone around $0.3925, which corresponds to the level Van de Poppe points to as an interesting entry point. Investors who missed the recent rally can therefore use any dip to build a position. Whether that correction will actually occur is, of course, uncertain.