- ONDO surged 240% and 270% in prior waves, forming higher highs with each macro move on the weekly chart.
- Accumulation zone forms strong support as weekly candles tighten, indicating breakout potential in Wave 3.
- Ondo Finance holds $1.3B deployed capital and ranks second in RWA assets with $250M across USDY and OUSG.
ONDO’s breakout structure is gaining traction as bullish waves align with growing real-world asset dominance. With $1.3B deployed and key supports holding, the next upside leg could be explosive.
Wave Structure Points to Lengthening Bullish Momentum
The ONDO/USDT weekly chart, shared by Bitcoinsensus, reveals a strong bullish formation with three macro impulse waves. The first wave began from the initial accumulation zone and moved sharply to $1.50. This jump represented a 240% surge, closing with a correction that established a new higher low.
Wave 2 followed closely, pushing the price from this support to $2.15—another 270% gain. Similar to the first, this wave also ended with a retracement, but the low remained higher than the previous one. These pullbacks shaped an ascending support line that still holds intact.
Currently, ONDO is in a consolidation phase, identified as an “Accumulation Zone” in the chart. Weekly candles in this zone have shown tight price action, forming a base. The structure resembles a coiling wedge, often preceding strong directional breakouts.
A breakout from this structure would initiate Wave 3, aiming for $3.10. This projected move represents a 350% gain from the bottom of the accumulation zone, continuing the trend of lengthening wave expansions.
Institutional Demand Boosts Fundamentals
ONDO’s bullish chart structure aligns with growing institutional momentum. According to Token Terminal, Ondo Finance has deployed $1.3 billion in capital over the past 365 days, ranking second only to BlackRock at $2.4 billion. From March 2025, capital inflows have climbed steadily, reflecting continued confidence from large investors.
In the Real World Asset (RWA) space, Messari data shows ONDO’s assets—particularly OUSG—have surged. OUSG recorded a 274.8% year-to-date growth, reaching $79.6 million in value. Combined with USDY, Ondo controls nearly $250 million in RWAs on Solana. This positions it as the second-largest RWA issuer on Solana, holding 33% of the on-chain securities market.
Despite recent price pullbacks, ONDO’s structure remains bullish. The ongoing consolidation suggests accumulation, not distribution. Candlesticks forming around the breakout level are showing strength with higher closes.
If current market conditions hold, ONDO could be preparing for its strongest rally yet. With a target of $3.10, Wave 3 may offer one of the most explosive moves in ONDO’s short-term price action.
