News 
December 16, 2024 
3 min. 
The ONDO cryptocurrency, linked to Ondo Finance, experienced a significant price increase after being acquired by the Trump family’s DeFi protocol. The appreciation, which exceeded 19% in the last 24 hours, caught the market’s attention and highlighted the token’s potential in the DeFi scenario.
ONDO Price Prediction
On the daily chart, ONDO showed strength by breaking through the $1.80 resistance, reaching a peak of $2.14. Thus, this movement was accompanied by an increase in trading volume, which spiked indicating strong investor participation.
ONDO’s Relative Strength Index (RSI) rose to 75, signaling overbought conditions. While this may suggest a possible pullback in the short term, positive market sentiment could sustain the rally. Furthermore, the 20- and 50-period exponential moving averages (EMAs) are showing a bullish setup, with the 20-EMA crossing above the 50-EMA.
In case ONDO faces corrections, immediate support lies at $1.20. A break below this level could take the price to $0.98, the area of greatest consolidation over the past month. On the other hand, if the rally continues, the next resistance lies at $2.10.
The Impact of the Trump Family Acquisition
The acquisition of ONDO by the Trump family’s DeFi protocol is a significant milestone for the token. Thus, this association with an influential name could attract more attention to the project. Furthermore, it broadens its investor base.
Ondo Finance is known for offering innovative DeFi solutions, with a focus on tokenizing real assets. The inclusion of the altcoin as part of the protocol’s portfolio could expand its reach and solidify its position as one of the leading cryptocurrencies in the sector.
With this acquisition, the market is looking forward to the development of new use cases for ONDO. The adoption of DeFi strategies by influential entities such as the Trump family reinforces the growth of this market and the central role of tokens such as ONDO.
