What to know:
- ONDO is showing a strong recovery, with $0.48 and $0.70 acting as key resistance levels for a bullish breakout.
- ONDO price is trading near $0.3576, as strong buyer support signals growing bullish momentum.
- Ondo Perps has surpassed $1 billion in weekly trading volume and $3 billion in cumulative volume, reflecting rising adoption.
Ondo Finance (ONDO) is showing a strong long-term recovery, with key resistance levels likely to confirm renewed bullish momentum if reclaimed. Meanwhile, Ondo Perps has reached a major trading milestone, highlighting rising adoption of tokenized real-world assets and growing participation in decentralized finance.
At the time of writing, ONDO is trading at $0.3576 with a 24-hour trading volume of $91.34 million and a market capitalization of $1.74 billion. Following the 2.52% gains over the last 24 hours, the ONDO price structure and perps’ growth point to a bullish reversal ahead.
Source: CoinMarketCap
Also Read: ONDO Partners SBI Group to Tokenize Japanese Assets Onchain
ONDO Price Signals Long-Term Bullish Reversal
According to the crypto analyst noncler, ONDO is showing one of the strongest higher-timeframe recovery structures after establishing a solid base following an extended correction.
Buyers continue defending the current accumulation zone, keeping the long-term trend constructive. The first key resistance stands at $0.48, and reclaiming this level would confirm that bullish momentum is returning and strengthen confidence in a sustained recovery.
Source: noncler’s X Post
At a level above $0.48, the next barrier stands at $0.70, which is previous support and will act as an additional bull signal in case the price manages to reclaim it.
The end target for ONDO still holds at the previous record highs in the range of $1.16, which will represent a 470% gain from its current price level.
Ondo Perps Milestone Signals RWA Growth
The data from Ondo Perps further highlighted that Ondo’s perpetuals have reached a new trading volume of above $1 billion in the past seven days.
It comes on the back of the overall trading volume of above $3 billion. It highlights how the decentralized perpetual trading market is growing rapidly through its RWA products.
Source: Ondo Perps’ X Post
The latest figures reveal an evident increase in the volume of trading RWA tokens due to the continued rise in demand within the industry.
Increased volume indicates increased liquidity and participation, and it further confirms the rising importance of real-world asset tokens in decentralized finance as blockchain financial instruments become increasingly popular among investors.
Following the bullish price predictions and Ondo perps growth, ONDO is moving in an upward direction. This move is also backed by the improving momentum in the crypto market as Bitcoin has started to move upward, which has impacted the overall market, including altcoins.
Also Read: ONDO Price Gains Momentum After Tokenized Stock Expansion and SBI Partnership
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
Be the first to comment