ONDO Price Jumps 15% Amid Bullish Breakout Signals

Ondo Finance's (ONDO) recent price surge has caught the attention of crypto enthusiasts as it breaks out from a bullish inverse head-and-shoulders formation.

According to CoinMarketCap, the token is currently trading at $0.4584, posting a 15.12% increase over the last 24 hours with a daily trading volume of $757.78 million and a market capitalization of $2.25 billion.

The breakout from the neckline support zone has started testing the key horizontal resistance zone, indicating that buyers are supporting the trend even during minor retracements. This formation is confirmed by technical indicators such as the RSI, which stands at 70.31 exceeding the neutral zone and indicating high levels of buying activity.