- ONDO holds bullish momentum above $0.82 support with higher highs and strong accumulation signaling continuation of the uptrend.
- Breakout from descending channel and RSI reversal indicate a potential 90% rally toward $1.50 in the coming weeks.
- ONDO’s role in the growing RWA space aligns with technical strength, supporting a long-term push toward the $3.03 Fibonacci target.
Ondo Finance ($ONDO) continues to attract attention with its strong technical structure and growing relevance in the tokenized real-world asset (RWA) sector. Currently trading near $0.88, ONDO shows signs of sustained bullish momentum after rebounding from a key support zone.
The analysis highlights consistent higher highs and higher lows since February 2024. Price action recently tested the critical $0.65–$0.85 support band for a third time in March 2025, and once again, it bounced upward—maintaining the broader uptrend.
Source: Lennaert
Moreover, the 3-day Coinbase data reflects two major price peaks—$1.40 in May 2024 and nearly $2.10 in December 2024. Each surge respected a clear yellow ascending trendline, underlining bullish continuation. The latest pullback saw price action hold above the volume point of control (POC) at $0.82298. This concentration of trading activity indicates strong accumulation around the $0.82–$0.88 range.
Breakout Watch: Weekly Structure Remains Strong
Besides the 3-day structure, the weekly timeframe shows an equally promising picture. ONDO recently broke out from a descending channel formed between January and April 2025. The breakout coincided with RSI divergence, where momentum reversed alongside price, hinting at renewed strength. A blue upward arrow on the chart shows a projected 90% move toward $1.50—marking the next logical target.
Source: OCT Trades
Additionally, ONDO’s longer-term trajectory features strong cyclical rallies. Price surged from $0.20 in February 2024 to $1.00 by April. After a brief consolidation, ONDO spiked again to $1.40 in June. Following a healthy correction through August and a period of sideways movement, the token exploded to its all-time high of nearly $2.00 in early 2025. This pattern of consolidations and breakouts further supports the bullish thesis.
ONDO and the RWA Trend
Furthermore, ONDO remains a standout project in the growing RWA space. With real-world asset tokenization gaining momentum, investors increasingly view ONDO as a leading contender. The alignment between technical strength and fundamental narrative is compelling. Hence, a push toward the 1.618 Fibonacci target at $3.03 could materialize if bullish momentum persists.
