ONDO Price Projected to Rally 75% After Classic Breakout

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.

Sentiment also improved following Ondo’s partnership with Japan’s SBI Group. The companies plan to explore tokenized Japanese equities, expand Ondo products across SBI’s ecosystem and examine stablecoin-based settlement.

The development strengthened expectations that Ondo could serve as a blockchain-based distribution layer for regulated financial assets.