Ondo Finance’s native token ONDO has extended its bullish momentum, surging nearly 12% over the past 24 hours to trade around $0.40. The rally follows renewed optimism about Ondo’s expansion in the tokenised real-world asset (RWA) space, as the protocol strengthened its tokenised securities infrastructure through the DTCC Tokenisation Service. The question now is whether this breakout has enough momentum to carry the token toward the $0.50 milestone in the coming weeks.
ONDO price has broken out of the descending parallel channel, marking intraday highs at $0.4089. The breakout is supported by a significant increase in trading volume, of about 190%, suggesting genuine buying interest rather than just a low-volume move. Meanwhile, the Cumulative Volume Delta (CVD) has flipped back into positive territory after experiencing selling pressure. Now that the aggressive buyers are beginning to dominate order flow, can the price surge by another 25%?
Adding to the bullish outlook, Open Interest (OI) has rebounded sharply alongside price, climbing back toward recent highs. Rising OI during a price rally typically reflects fresh capital entering the market instead of positions merely being closed, strengthening the case for trend continuation if buying pressure persists. Despite this, ONDO still needs a decisive daily close above the channel’s upper resistance to confirm a complete trend reversal.
Key Levels to Monitor
- Current Price: $0.40
- Immediate Resistance: $0.41–$0.42
- Next Resistance: $0.45
- Psychological Target: $0.50
- Immediate Support: $0.37–$0.38
- Major Support: $0.33–$0.34
- Bullish Invalidation Level: Below $0.33
ONDO price has received a meaningful boost from both a strong fundamental catalyst and an improving technical structure. However, the next few sessions will be crucial. A confirmed move above the $0.41-$0.42 resistance could open the path toward $0.45 and eventually the $0.50 milestone. At the same time, failure to sustain the breakout may result in another period of consolidation before the next directional move.
Was this writing helpful?
Story Ends Here
Trust with CoinPedia:
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
Investment Disclaimer:
All opinions and insights shared represent the author’s own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored and Advertisements:
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
Read the Next News
Be the first to comment