The cryptocurrency market has kicked off July with a strong bullish weekend, igniting hopes for a sustained altcoin summer. Bitcoin (BTC) surged back above the $62,000 level, while Ethereum (ETH) reclaimed the $1,700 price range, setting a positive tone across the board. This upward momentum spilled over into a basket of altcoins, with XRP, FET, NEAR, and notably ONDO printing green candles.
Among the altcoins, Ondo Finance (ONDO) is attracting particular attention. Trading around $0.3, ONDO is up over 5% in the past week despite a 6% decline over the last 30 days. The token remains more than 82% below its all-time high of $2.14, a level last seen about two years ago. Analysts point to a classic accumulation pattern: ONDO was down 51% in the Winter, rebounded 97% in the Spring, and now historically enters a period of heightened volatility. If buyers return, the next leg up could be significantly larger, with one analyst projecting a potential +460% move from current levels.
