What to know:
- Ondo Finance (ONDO) gains bullish momentum from adoption, RWA growth, and improving technicals signaling reversal.
- TVL growth from $176M to $3.77B boosts bullish sentiment, with upside targets of $2–$42 long term.
- Technicals remain bullish as ONDO reclaims EMAs, holds 20-day support, and RSI stays near 60–62.
Ondo Finance (ONDO) is gaining bullish momentum as rising adoption, strong technical signals, and expanding real-world asset integration strengthen the case for the ONDO price breakout. Its partnership to bring proxy voting to tokenized stocks further highlights Ondo’s growing role in connecting traditional finance with blockchain technology.
At the time of writing, ONDO is trading at $0.4307 with a 24-hour trading volume of $285.19 million and a market capitalization of $2.09 billion. Despite the loss of 2.09% over the last 24 hours, ONDO’s strong technicals and network growth point to a bullish reversal in the coming sessions.
Source: CoinMarketCap
ONDO Price Eyes $42 After Explosive TVL Growth
According to the crypto analyst Crypto Patel, ONDO is rapidly emerging as one of crypto’s strongest real-world asset plays. The last time ONDO traded near $2, the protocol’s total value locked was only $176 million.
Today, TVL has surged to $3.77 billion, fueling speculation that the ONDO price could revisit $2, break toward $10, and potentially target the highly discussed $42 level.
Source: Crypto Patel’s X Post
With the rapid rise in the TVL, optimism towards the project is being further fueled by the community members who have already referred to the development as the arrival of the Ondo Super Cycle.
According to many experts, since ONDO managed to garner a valuation of over several billion dollars with much less capital flow, the current situation can support price targets of $10 to $42.
Also Read: ONDO Price Shows Accumulation Signals After 82% Crash: Is a $5 Rally Next?
ONDO’s Technical Structure Points to Bullish Reversal
According to TradingView, the ONDO price has broken out of a consolidation phase after several months and is now moving in an obvious upwards direction. In May, the ONDO price successfully broke back above all the critical EMAs, turning resistance into support.
After successfully testing this level and bouncing off the 20-day EMA ($0.38288), ONDO is currently trading above $0.43119, confirming a bullish trend for the ONDO price.
Source: TradingView
The RSI demonstrates this change as well, as it first moved into the overbought region and subsequently declined to stabilize at around 60.
This prevented the indicator from moving below 50, which marks the beginning of the bearish movement. Currently, RSI is trading at 62.81 above its signal line.
Ondo Integrates Proxy Voting Into Onchain Equities
The data from Ondo Finance highlighted that through its new partnership with Broadridge, the network is pushing the boundaries on the future of stock ownership via the blockchain by offering proxy voting services for tokenized stocks.
According to Matthieu de Vergnes, who spoke to TheStreet, the program is set out to deliver governance similar to those used in conventional markets but still offer shareholders equality across the globe.
This partnership reflects the overall goal of Ondo, which is to blend the norms of Wall Street with access to blockchain technology.
With the help of institution-level infrastructure, Ondo hopes that tokenized stocks will not only offer benefits like quick settlements, worldwide connectivity, and continuous markets but also reliable investment protection.
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
Also Read: ONDO Price Surges 15% as Bullish Breakout Signals Strong Upside Momentum
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