- ONDO eyes a breakout at $0.89, with growing momentum and strong support near $0.81 keeping traders engaged.
- RWA tokens are booming, with TVL doubling in a year and protocol numbers surpassing 80, reflecting rising investor confidence.
- ONDO’s price action shows resilience, bouncing between $0.81 and $0.88 as buyers test resistance and seek a breakout.
ONDO is trading within a narrow parallel channel, with key resistance at $0.89. A breakout above this level could spark bullish momentum. ONDO/USDT is now trading at $0.8663, a slight decrease of 0.15% on Binance. With support and resistance levels defining the trading range, the market structure holds steady despite swings.
ONDO’s Price Action and Key Levels
ONDO’s price has oscillated between $0.81 and $0.88, displaying a mix of upward and downward movements. A notable dip occurred near $0.82, followed by a strong recovery. The price surged past multiple resistance levels before stabilizing near $0.87.
The market remains highly volatile, with frequent short-term fluctuations. A rejection near $0.88 pushed the price downward before it found support at lower levels. The price has tested mid-range levels multiple times before making an upward move.
Recently, ONDO has shown increased momentum, suggesting a potential breakout. The movement above $0.85 indicates renewed buying pressure, with the price challenging resistance levels again. The presence of strong support near $0.81 and resistance at $0.88 defines the trading range.
RWA Tokens See Explosive Growth
The use of real-world asset (RWA) tokens is growing. Over the last 12 months, the total value locked (TVL) in these assets has more than doubled. The comparatively stable real-world investments are the source of this expansion, attracting investor interest.
By the beginning of 2025, there were more than 80 RWA protocols. Between April 2023 and October 2023, the market grew steadily, and the number of protocols doubled. Growth picked up speed between late 2023 and mid-2024, suggesting a rise in adoption.
Mid-2024 saw a sharp rise in RWA protocols, highlighting heightened market activity. Although growth has stabilized since then, the overall trajectory remains upward. By early 2025, nearly 100 RWA protocols exist, signaling strong investor confidence.
