- ONDO leads the RWA market with nearly $1 billion in TVL, supported by growing institutional adoption and rising demand.
- A descending trendline signals a breakout, with price action mirroring a previous fractal pattern that led to a major rally.
- Analysts predict ONDO will surge to $1 before a brief pullback to $0.9, setting the stage for a potential all-time high.
ONDO, the leading real-world asset (RWA) protocol, is at a critical technical juncture. With nearly $1 billion in total value locked (TVL) and its $OUSG stablecoin surpassing a $500 million market cap, institutional interest continues to rise. Market analysts are closely watching ONDO’s chart structure, which mirrors a past fractal pattern that led to a significant price move.
Institutional Demand and ONDO’s Market Strength
The RWA sector is gaining traction as institutions expand their exposure, reinforcing ONDO’s position as a dominant force in the market. Institutional participation continues to grow, signaling a long-term commitment to the asset class.
Ted highlighted a fractal pattern on ONDO’s chart that aligns with a previous price movement seen in Q3 2024. According to his analysis, ONDO could see a price surge to $1, followed by a brief correction to $0.9 before resuming its upward momentum. The tweet has sparked discussions among traders monitoring ONDO’s price action.
Technical Setup Points to a Possible Breakout
ONDO’s price action has been contained within a descending trendline, forming a downward-sloping resistance level. Repeated bounces from a key horizontal support indicate strong demand at current levels.
A previous breakout from a similar pattern led to a strong rally, and the current setup suggests a potential repeat of that movement. If ONDO breaks above the descending trendline, a bullish rally could follow, driving the price toward $1. Analysts are watching this level closely, as a breakout confirmation could signal further gains.
Price Projections and Market Sentiment
Ted’s analysis suggests ONDO is approaching a crucial moment. A breakout above resistance could push prices higher, with institutional support adding momentum. The market anticipates ONDO could reach new highs if technical conditions align with increased adoption in the RWA sector.
Investors remain focused on ONDO’s key levels as the asset moves toward a possible breakout. With technical and institutional factors in play, traders are preparing for a decisive move in the coming weeks.
