Ondo Finance (ONDO) surged more than 17% this week as its weekly chart moved closer to confirming a cup-and-handle breakout, a setup that could send the token toward $0.70–$0.72.
ONDO Cup-and-Handle Targets $0.72
The ONDO/USD exchange rate was near $0.405 on Thursday while its weekly high was approximately $0.42. The latest advance pushed ONDO above the descending channel that formed the handle portion of the bullish pattern.
ONDO’s cup began forming after the token declined from roughly $0.45 in late 2025 toward the $0.21–$0.23 range in March 2026.
Price then stabilized and gradually recovered toward the $0.42–$0.45 region, creating the rounded bottom of the cup.
Between May and July, ONDO entered a downward-sloping consolidation, forming the handle. Buyers repeatedly defended the $0.30–$0.32 area before this week’s rally pushed the token above the handle’s upper trendline.
A cup-and-handle pattern is typically confirmed once price closes decisively above its neckline resistance. In ONDO’s case, that confirmation area sits between approximately $0.42 and $0.46.
The token’s 50-week exponential moving average, currently near $0.464, reinforces the same resistance zone. A successful breakout could first send ONDO toward its 100-week EMA near $0.62.
The pattern’s measured target sits around $0.70–$0.72, calculated by adding the cup’s approximate depth to the neckline breakout level. That would represent upside of roughly 75% from current prices.
However, rejection from the neckline could pull the token back toward $0.34. A weekly close below the handle support near $0.30 would weaken the bullish setup and expose the $0.25–$0.26 range.
DTCC and SBI News Support the Breakout
The technical breakout coincided with growing optimism around Ondo Finance’s tokenized-securities business.
Last week, Ondo participated in DTCC production transactions involving DTC-tokenized assets. It launched tokenized versions of Circle shares and the SPDR S&P 500 ETF, called CRCLon and SPYon, respectively.
The development strengthened expectations that Ondo could serve as a blockchain-based distribution layer for regulated financial assets.