- ONDO is retesting the key $0.80 resistance level as interest in tokenized real-world assets surges, backed by bullish technical indicators.
- However, without a significant increase in trading volume, a breakout toward the $1.00 target remains uncertain.
Ondo Finance may be one big push away from hitting the coveted $1.00 mark, thanks to bullish technicals and growing interest in real-world asset (RWA) tokenization. With regulators warming up to blockchain-based financial products, ONDO could be poised for a breakout.
ONDO and Tokenized Finance Get a Boost from the SEC
The U.S. Securities and Exchange Commission, under new Chair Paul Atkins, has accelerated support for tokenizing traditional financial assets like bonds and U.S. Treasuries. Coinbase recently confirmed its push to introduce tokenized equities in U.S. markets, aligning with this broader trend. As a major player in the RWA space, Ondo Finance stands to benefit significantly.
Riding this momentum, the RWA sector has seen a 60.13% year-to-date increase in total value, rising from $8 billion in January to $12.81 billion, according to DeFiLlama. This macro shift sets a strong foundation for ONDO’s next leg up.
$0.80: The Line Bulls Must Cross
ONDO surged 8% in the last 24 hours, reaching $0.80 — a key level that has marked the start of every rally since March 2024. Currently priced at $0.7952, with a $2.51 billion market cap, the asset is showing clear signs of bullish pressure.
Technical indicators support a positive outlook. The RSI stands at 50, suggesting that ONDO is far from overbought, and the MACD shows growing separation in moving averages with increasing histogram bars — both signs that bullish sentiment is building.
Volume: The Missing Ingredient for a Breakout
Despite the promising setup, one crucial element is still lacking: volume. During ONDO’s May rally, trading volumes topped $200 million — a benchmark that has not yet been matched. Without a significant increase in buying activity, the $0.80 resistance may continue to act as a ceiling rather than a springboard.
If bulls can break through, the next targets are $0.87 and $0.90, with $1.00 within sight. Until then, ONDO remains on the edge — bullish but not yet confirmed.
With regulatory tailwinds and increasing investor interest in real-world asset tokenization, ONDO is well-positioned for growth. A decisive breakout above $0.80, backed by high volume, could launch the token toward $1.00 in the short term.
ALSO READ:Ondo and Stellar: The Perfect Crypto Pairing for 2025
DISCLAIMER:
The views and opinions expressed herein are solely those of the author and do not necessarily reflect the views of the publisher. The publisher does not endorse or guarantee the accuracy of any information presented in this article. Readers are encouraged to conduct further research and consult additional sources before making any decisions based on the content provided.