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The Ondo price pumped 16% in the last 24 hours to trade at $2.09 as of 02:56 a.m. EST on trading volume that skyrocketed 140% to $882 million, according to CoinGecko.

This comes after the news of an ONDO purchase by World Liberty Financial (WLFI), a project supported by the family of Donald Trump. Trump’s WLFI purchased 134,216 ONDO worth $250,000 USDC through CoW Protocol.

Trump family crypto project World Liberty spent 250,000 USDC to purchase 134,216 ONDO through Cow Protocol at 6:51 UTC+8 on December 16. Ondo Finance focuses on RWA tokenization and improves financial market liquidity and efficiency through products such as tokenized short-term…
— Wu Blockchain (@WuBlockchain) December 16, 2024

Previously, ENA, AAVE, and LINK also experienced upward trends after the WLFI project bought their tokens.

Ondo Price On A Continued Bullish Rally

The ONDO/USDT chart on the 4-hour timeframe highlights a clear bullish trend as prices surge sharply, breaking through key resistance levels. A significant rounded bottom has formed between late October and November, marking a bullish reversal after months of sideways and bearish price action. The breakout above $0.85 validated this reversal and triggered a strong uptrend.

Since the breakout, the Ondo price has moved parabolically to its current level of $2.09, with a high of $2.14. This move indicates strong momentum and buying interest.

The Ondo price has stayed consistently above the 50-day Simple Moving Average (SMA) (green line) and 200-day SMA (purple line), demonstrating that buyers are firmly in control. The steep slope of the SMAs confirms the strength of the current uptrend.

Meanwhile, the Relative Strength Index (RSI) is at 67.25, approaching the overbought zone (70+). While not yet overbought, this suggests strong momentum but also hints at potential short-term exhaustion. If the RSI moves above 70, a minor retracement or consolidation could occur.

The blue Moving Average Convergence Divergence (MACD) line (0.05826) is above the orange signal line (0.04423), confirming bullish momentum. The MACD histogram remains positive, indicating continued buying pressure.

ONDO/USDT Chart Analysis (Source: Tradingview)

Ondo Price Prediction

The general ONDO price analysis indicates that the asset is on a sustained bullish rally that aims to push the price of Ondo above its current all-time high (ATH) at $2.14. If the bulls sustain this momentum, the next target could be around $2.50 or higher.

However, given the approaching overbought RSI, a pullback to $1.76 or even the 50-day SMA near $1.50 could occur before the next leg higher.

Meanwhile, investors who are looking to diversify their portfolio might want to consider the newly launched Best Wallet (BEST), which an analyst on the YouTube channel 99Bitcoins, which has over 709K subscribers, says is one of the best crypto wallets in the market.

Best Wallet Presale Surges Past The $4.5 Million Mark

Best Wallet has become a magnet for investors in the first three weeks of its presale, which has surpassed $4.5 million, solidifying its position as a top Web3 wallet. The project is taking on titans like MetaMask and Trust Wallet with innovative new features.

One of those is that it allows users to access exclusive tools like “Upcoming Tokens,” which provide early access to presales like BEST itself, and many others.

This tool has already proven its effectiveness, and flagged the Catslap (SLAP) meme coin to wallet holders, which has surged 5,444% since launch.

🚀 Discover Upcoming Tokens with Best Wallet! 💎
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— Best Wallet (@BestWalletHQ) December 13, 2024

The BEST token is the governance token of Best Wallet’s expanding ecosystem, which includes the wallet, Best DEX, and the upcoming Best Card.

You can also earn a huge annual percentage yield of 547% by staking your BEST tokens.

Investors can currently purchase $BEST for $0.023225. Buy soon to lock in the best deal as the price will increase in less than 2 days, and continue rising as the presale progresses.

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