ONDO is under pressure after a sharp 33% decline from its May highs, reflecting growing uncertainty and bearish momentum across the market. Once a standout performer, the token has lost steam as sentiment shifts and price action turns decisively negative. While some traders are still watching for potential rebounds, many analysts are now calling for a breakdown, warning that the current structure could give way to deeper losses if key support levels fail to hold. Related Reading: Bitcoin Forms 4-Year Inverse H&S Pattern – Neckline Break Could Send It Parabolic The mood around ONDO remains divided. Some investors view the dip as a healthy retrace in a broader uptrend, while others see it as the start of a more extended correction. Top analyst Ali Martinez has added to the cautious outlook, noting that ONDO is breaking out of an ascending channel to the downside—an often bearish signal. This pattern suggests that momentum is weakening and that the token could soon test lower demand zones. With ONDO hovering near key technical levels and volume thinning, the coming days will be critical. If the breakdown continues, the price could revisit earlier consolidation areas. For now, bearish pressure dominates, and bulls must defend support convincingly to prevent further downside. Bulls Struggle To Hold Structure As Risks Grow As the broader altcoin market braces for a decisive move, ONDO remains trapped in a bearish structure, unable to establish clear demand. Bulls have struggled to reclaim momentum or push price above critical supply zones needed to maintain the long-term uptrend. With sellers dominating and key support levels under pressure, ONDO’s technical structure appears fragile. Despite recent weakness, some market participants remain cautiously optimistic about ONDO’s longer-term potential. Macro narratives around real-world asset tokenization continue to support fundamental interest, but short-term price action remains a challenge. The inability to hold above prior consolidation ranges suggests that buyers are not yet stepping in with enough conviction to flip the trend. Ali Martinez has raised alarms by highlighting a concerning technical development: ONDO is breaking out of an ascending channel—this time to the downside. Historically, this pattern signals a shift in market structure and sets the stage for more aggressive downside moves. Martinez’s outlook points to a potential slide toward the $0.29 level, which would mark a significant breakdown from current prices. For now, ONDO trades in a vulnerable position. If bulls fail to reclaim higher levels and restore momentum, the altcoin risks accelerating its decline. However, if sentiment shifts and broader market strength returns, ONDO could still recover in the coming months. Related Reading: Ethereum Staking Hits Record High: 29.02% Of Supply Locked Signals Long-Term Conviction ONDO Breaks Below Moving Averages As Bearish Momentum Builds ONDO is trading at $0.747 after failing to hold above key moving averages, with both the 50-day ($0.93) and 200-day ($1.00) simple moving averages now acting as overhead resistance. The current price structure on the 3-day chart shows a consistent downtrend, with lower highs and lower lows forming since the March peak. Price has now broken below the prior consolidation zone, signaling growing bearish momentum. The rejection from the $1.00 psychological level earlier this quarter added to downward pressure, and the break of the $0.80 level confirms that bulls are losing control of short-term structure. If ONDO continues to trade below both moving averages, it may struggle to find solid demand in the near term. Related Reading: Chainlink Reclaims Key Structure – Quiet Accumulation Could Fuel $25–$30 Surge Key historical resistance remains at $1.51, but with ONDO currently 50% below that level and forming a bearish structure, downside risk continues to dominate. A breakdown below $0.70 could accelerate the fall, potentially targeting the $0.60–$0.50 range where previous demand clusters formed in late 2023. For bulls to regain momentum, ONDO must reclaim the 50-day SMA and close above $0.85. Until then, the chart favors the bears, and the trend suggests caution for long positions. Featured image from Dall-E, chart from TradingView
The XRP Ledger (XRPL) is witnessing increased network activity, which is bullish for its native token’s price. On-chain data also shows that whales are actively accumulating XRP, with the addresses holding one million coins recently reaching a new high. XRP Ledger Records Massive Growth In Past Week In an X post, on-chain analytics platform Santiment revealed that the XRP Ledger is showing signs of growth, from both a usage and key stakeholder perspective. The platform revealed that there are now over 2,700 whale and shark wallets holding at least 1 million XRP for the first time in the token’s 12-year history. Related Reading: Is There A “Secret XRP Ledger” And Is The Price Really At $1,000? Additionally, Santiment stated that the number of active XRP addresses has averaged over 295,000 daily over the past week. This is notable as the normal daily average over the past three months was between 35,000 and 40,000. It is worth mentioning that the XRPL recorded some major developments last week. One is the launch of Circle’s USDC stablecoin on the XRP Ledger. This is expected to boost network activity given the increasing demand for stablecoins. Crypto analyst Moon Lambo predicted that this would increase the total value locked (TVL) on the network. He also noted how this was bullish for the XRP price, since users will need the token for every USDC transaction. Furthermore, Ondo Finance launched its tokenized US treasury fund (OUSG) on the XRP Ledger last week, which could have also contributed to the surge in network activity. The BlackRock-backed fund will be mintable and redeemable using the RLUSD stablecoin. Meanwhile, Guggenheim also recently partnered with Ripple to launch the first Digital Commercial Paper on the XRPL. Expert Predicts Price Rally Above $4 Amid the surge in network activity on the XRPL, crypto analyst Javon Marks has predicted that the XRP price could rally above $4 and even reach as high as $8. He stated that the altcoin is holding a clear breakout and is getting ready for a major bullish continuation. Marks added that the targets are at $4.80 and $8, marking new all-time highs (ATHs) for XRP. Related Reading: These Factors Will Drive XRP Price To $25-$75 In June – Analyst Crypto analyst Dark Defender recently alluded to a previous analysis in which he stated that the XRP price could make a decision within two weeks. The analyst is confident that the altcoin could rally to as high as $6 on this Wave 5 impulsive move to the upside. He has also previously predicted that XRP would reach double digits in this market cycle. On the other hand, it is worth mentioning that the XRP price has again dropped below the $2.25 level. Crypto analyst CasiTrades had warned that the support levels at $2.01, $1.90, and $1.55 could be in play if the $2.25 level holds as resistance. At the time of writing, the XRP price is trading at around $2.16, down over 3% in the last 24 hours, according to data from CoinMarketCap. Featured image from Adobe Stock, chart from Tradingview.com
Despite failing to break out of its downtrend, ONDO could be preparing for a surge above the $2 barrier. Some analysts suggest it could repeat its 2024 playbook if it continues to hold its current levels. Related Reading: Ethereum Prepares For Massive Run After $2,800 Reclaim – ‘Up Only’ Ahead? ONDO Breakout Eyes $2 ONDO, the native token of the tokenized real-world asset (RWA) platform Ondo Finance, is attempting to reclaim a key area amid the market pullback. Notably, the cryptocurrency has struggled to hold the $1 mark since losing the area as support over three months ago. In December, the RWA token hit its all-time high (ATH) of $2.14 after US President Donald Trump’s crypto venture, World Liberty Financial (WLFI), purchased 134,216 ONDO tokens for 250,000 USDC. This propelled ONDO’s price above the $2 barrier for the first time, but the late 2024 and Q1 2025 corrections halted its bullish momentum, sending its price to the $0.60-$0.70 range. Following the late April market recovery, ONDO’s price reclaimed the $0.85 area and broke out of its multi-month downtrend. The cryptocurrency then hovered between the $0.85-$1.10 levels throughout May, hitting a three-month high of $1.13 nearly a month ago. Since then, the token has been in a one-month downtrend, dipping below its local range after the recent market pullback. However, the cryptocurrency has been attempting to reclaim this range for the past week, hitting a one-week high of $0.92 on Wednesday. Crypto analyst World of Charts highlighted the token’s performance, affirming, “after a long correction, Finally Looking Good For Midterm.” As ONDO attempts to reclaim the $0.90 area, the analyst anticipates that the cryptocurrency will soon break out of its current range and the downtrend line, forecasting a 130% rally toward the $2 barrier. 2024 ATH Repeat Coming? On Thursday, analyst Sjuul from AltCryptoGems noted ONDO’s performance over the past year, asserting, “Not sure there are many other charts looking as good on high time frames like ONDO.” He explained that “The King of RWA” is “basically holding a bullish structure since its launch,” making a series of higher lows for over a year while maintaining its ascending support trendline. Meanwhile, analyst Alex Clay suggested that ONDO could see a parabolic run based on its performance in 2024. The market watcher noted that the token is currently accumulating at the bottom of a 15-month ascending channel, which previously served as a crucial bounce point for its rally toward its ATH. As Clay explained, after reaching the channel’s upper boundary last year, ONDO saw a multi-month downtrend toward the lower boundary, before printing a higher low. This was followed by a massive rally toward the channel’s top. Related Reading: Bitcoin Eyes New Highs As Price Retests $109,000, But Analyst Warns Of Potential Pullback This year, ONDO is “following the Bullish Fractal from the previous year” after falling to the channel’s lower boundary, breaking out of the downtrend line, and registering a higher low. “These 2 reasons are more than enough to pump straight up to the channel’s top,” the analyst concluded. If history repeats, the cryptocurrency could surge toward the $2.8-$3 area. At the time of writing, ONDO trades at $0.84, a 5.2% decline in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
Ripple has brought Ondo Finance’s tokenized US Treasuries product, Ondo Short-Term US Government Treasuries (OUSG), to the XRP Ledger. The launch was announced on June 11 and is seen as a move to expand the reach of institutional-grade tokenized assets across the fast-rising blockchain network. According to the statement, the integration allows institutional investors to […]
The post Ripple brings Ondo Finance’s tokenized US Treasuries to XRP Ledger in push for RWA expansion appeared first on CryptoSlate.
Ondo Finance is trading at a pivotal moment as the broader crypto market shows signs of potential recovery. While bullish sentiment is slowly building, macroeconomic uncertainty and escalating global trade war fears continue to inject volatility into financial markets. For ONDO, however, analysts are closely watching for a breakout that could signal the start of a new uptrend. Related Reading: Bitcoin Futures Data Shows Bullish Long/Short Ratio – Details Top crypto analyst Ali Martinez shared a technical outlook on X, highlighting that ONDO is currently trading within a narrow parallel channel. According to Martinez, a break above the upper boundary of this channel at $0.89 could trigger bullish momentum, potentially pushing ONDO into higher prices. With ONDO already capturing attention as a leader in the real-world asset (RWA) sector, this technical setup could play a major role in setting the tone for the asset’s short-term direction. As investors closely monitor global economic developments and market sentiment, a confirmed breakout above the $0.89 resistance could solidify ONDO’s place as one of the stronger performers in the coming weeks. ONDO Prepares For Breakout As Market Eyes RWA Ondo Finance has emerged as one of the most prominent real-world asset (RWA) projects in the crypto space, securing strategic partnerships with major players like Ripple and World Liberty Financial. These alliances have helped position ONDO at the forefront of tokenized finance, fueling optimism among investors who expected strong performance throughout 2024. Related Reading: Chainlink Poised For Recovery If $13 Support Holds – Expert Sets Optimistic Targets However, ONDO’s price action has failed to match the enthusiasm. Since mid-December, ONDO has lost over 65% of its value, tumbling from local highs and creating an environment of fear and uncertainty. Many long-term holders remain cautious, especially with macroeconomic volatility and ongoing trade war concerns dragging down market sentiment. Despite the sharp correction, analysts are beginning to spot signs of a potential turnaround. Martinez’s technical analysis reveals that ONDO is currently trading within a narrow parallel channel—a pattern that typically precedes significant price movements. According to Martinez, a breakout above the channel’s upper boundary at $0.89 could trigger bullish momentum and lead to a quick rally toward the $1 mark. If ONDO can reclaim higher resistance levels and sustain upward movement, it would reinforce its position as a leader in the RWA narrative. The coming days will be crucial for ONDO as bulls attempt to flip the trend and capitalize on the momentum building beneath the surface. Price Holds Near Resistance As Bulls Eye $1.08 Breakout ONDO is currently trading around $0.88 after several days of sideways consolidation just below the $0.90 resistance level. This narrow price action reflects growing indecision in the market as bulls attempt to regain momentum after weeks of heavy selling pressure. While the overall trend remains cautious, ONDO’s proximity to key technical levels has caught the attention of traders watching for a breakout. To confirm a sustainable recovery, ONDO must break and hold above $0.90 and push toward the 200-day moving average (MA) and exponential moving average (EMA), both sitting near the $1.08 mark. Reclaiming these indicators would signal a shift in momentum and provide strong confirmation of an uptrend forming. A successful move above $1.08 could open the door for a larger rally as confidence in the RWA narrative strengthens. Related Reading: Whales Accumulate Over 120 Million Dogecoin In Past Week – Analyst However, if bulls fail to break above $0.90 in the coming sessions, ONDO risks falling back into lower support zones. Continued rejection at this level may trigger a retest of previous demand around $0.80 or lower, potentially extending the consolidation phase. For now, ONDO remains on the edge of a breakout or deeper retrace, with the next move likely defining short-term direction. Featured image from Dall-E, chart from TradingView
Ondo Finance (ONDO) has been experiencing heavy selling pressure and heightened volatility, as the broader crypto market continues its downward trend. Since the start of March, ONDO has lost over 40% of its value, reflecting the overall risk-off sentiment in the market. With fear dominating price action, analysts are warning of further declines as investors remain hesitant to re-enter long positions. Related Reading: Bitcoin Drops Below 200-Day MA – Next Key Support Lies At $66K According To Mayer Multiple Despite the ongoing downtrend, on-chain data from Glassnode reveals a notable shift in network activity. In the past 24 hours, new ONDO addresses surged by 390%. This spike in new addresses suggests that interest in Ondo Finance is growing, even as price action remains weak. Historically, increased network activity can be a precursor to stronger adoption, potentially setting up the price for a recovery in the long run. With market sentiment still leaning bearish, the coming days will be crucial for ONDO’s short-term price trajectory. Investors are closely watching whether the rising network activity translates into renewed demand or if selling pressure will continue to weigh on price action. ONDO Leads The RWA Market Despite Volatility Over the past year, Ondo Finance has established itself as one of the leading crypto projects, securing its position as the real-world assets (RWA) market leader. The project has gained significant traction by offering tokenized financial products, bridging traditional finance with blockchain technology. Recently, they took a major step forward by unveiling Ondo Chain, a permissioned Layer-1 blockchain designed for institutional finance. This innovation aims to bring regulated institutions into the digital asset space, enhancing efficiency and security while ensuring compliance with financial regulations. Top analyst Ali Martinez shared insights on X, revealing that new ONDO addresses surged 390% in just 24 hours, increasing from 935 to 4,559. This spike in network activity could indicate a shift in investor sentiment, suggesting that ONDO may be primed for strong performance once the market stabilizes. Historically, increasing network adoption has been a bullish signal, often preceding price recoveries. Despite the current market downturn, fundamentals remain strong. The project continues to expand, attracting institutional interest and reinforcing its role as a key player in the growing RWA sector. Related Reading: XRP Flirts With A Daily Range Breakdown – Price Must Hold Above $2 Level With institutional finance embracing blockchain solutions and network activity on the rise, ONDO remains a strong contender for future growth. If market conditions turn favorable, the project could emerge as one of the top performers in the next bull cycle, driven by its continued innovation and expanding ecosystem. Bulls Monitor Key Support ONDO is currently trading at $0.83, having erased all gains from the post-election rally that began in November 2024. After months of steady growth, ONDO has been caught in the broader market downturn, facing selling pressure and uncertainty as investors reassess risk. For bulls to regain control, ONDO must hold above the $0.75 support level to establish a strong foundation for recovery. Consolidation at these levels could help stabilize price action, but with the market still trending downward, this process may take longer than expected. If buyers fail to hold $0.75, ONDO could face further downside risks, extending its correction. Related Reading: Charts Reveal Cardano Holds Key Support Zone – Staying Above Could ‘Set The Next Move’ However, if ONDO holds above the $0.80 level, bulls must aim for a push toward $0.95, a key resistance level that could signal the start of a recovery phase. With new address growth surging, indicating increased network activity, ONDO could be well-positioned for a rebound once market sentiment improves. For now, traders are watching whether ONDO can defend its support levels or if continued weakness will send it lower in the short term. Featured image from Dall-E, chart from TradingView
In every market cycle, the altseason is an anticipated period for investors marked by a general altcoins’ price outperformance against Bitcoin. However, there have been many doubts over an altseason in the current bull run with crypto analysts citing a surge in the number of altcoins over the last four years. Interestingly, Bitwise Chief Investment Officer (CIO) Matt Hougan has backed the potential of a brewing crypto altseason. The key crypto figure and market pundit has stated that certain DeFi developments are pointing to a robust price surge for the crypto market. Related Reading: Altseason At Risk? Expert Believes Ethereum Must Hold $2,600 To Sustain Momentum DeFi Boom Incoming: Jupiter, Ondo, Uniswap Lead Charge To Altseason Via an X post on February 21, Hougan listed several developments, especially in the DeFi industry that hint at an incoming altcoin bull rally. Firstly, Hougan references the US Securities and Exchange Commission (SEC)’s latest decision to drop its lawsuit against the Coinbase Exchange. In June 2023, the US regulator charged Coinbase to court over several alleged securities violations including serving as an unregistered exchange and broker. However, in a sharp turn of events, the SEC has decided to withdraw its complaint ending a 2-year long legal battle The Bitwise CIO also mentions DEX aggregator Jupiter’s recent move to activate a fee structure introducing a minimum of 0.01% fees on all platform swaps which creates a more efficient operational model. Another development raised by Hougan is Ondo Finance’s announcement of the Ondo Global Market, a tokenization platform designed to introduce on-chain exposure to US securities such as stocks, bonds, and exchange-traded funds listed on the NYSE and NASDAQ. Finally, Hougan also spotlights the launch of the Unichain – an Ethereum-layer 2 solution designed by Uniswap labs to improve liquidity, cross-chain operatalibility and also significantly reduce transaction fees. In reality, these are all singular developments. However, Hougan explained these developments can be attributed to the ongoing efforts by the current US Government to create a “fair regulatory environment.” In doing so, crypto companies and DeFi projects can run effectively extending their reach beyond the digital asset space. The potential of this scenario is likely to encourage investor engagement serving as an early indicator of altseason. In particular, Matt Hougan explains the DeFi market presents a lot of hidden potential to influence the non-crypto markets under the right conditions. Crypto Market Overview At press time, the crypto market cap is valued at $3.12 trillion after a 1.78% decline in the past day. Bitcoin maintains strong market influence with a dominance of 60.4%, followed by Ethereum (10.2%) and other altcoins (29.5%). Meanwhile, the Altseason index is at 31 strongly in favor of the premier cryptocurrency. Related Reading: Bitcoin Dominance Tipped To Hit 57% — Altseason Incoming? Featured image from iStock, chart from Tradingview
Ondo (ONDO) has seen a 10% surge in the last 24 hours, reclaiming key levels and attempting to break out of its downtrend while most of the market continues moving sideways. Some analysts suggest that the new crypto-friendly administration could propel the token’s price to a new all-time high (ATH). Related Reading: $30 Million Hack Alert? Crypto Exchange Phemex Suspends Withdrawals After Suspicious Transactions ONDO Targets Rally To New ATH On Friday, tokenized real-world asset (RWA) platform Ondo Finance saw its native token lead the crypto market with its 11% daily surge. The cryptocurrency surged past the $1.50 mark for the second time this week, reigniting investors’ sentiment about the token. Over the past three months, the token has registered a 120% jump, climbing from the $0.60 mark to its current price range. Moreover, the post-election rally propelled the cryptocurrency to its latest ATH of $2.14, fueled by Donald Trump’s DeFi project’s buying spree. In December, Trump’s World Liberty Financial (WLF) went on a crypto buying spree worth $45 million, acquiring millions in Ethereum (ETH), Chainlink (LINK), Aave (AAVE), and other tokens. Halfway through the month, WLF purchased 134,216 ONDO tokens for 250,000 USDC, propelling ONDO’s price above the $2 mark. Nonetheless, the cryptocurrency’s bullish momentum was halted after the December 19 market correction, which saw ONDO retrace to $1 in the following days. Since then, ONDO has been unable to reclaim the $1.60 resistance level, hovering between the $1.09 and $1.45 price range for most of the month. Crypto trader Miky Bull noted the token’s bullish performance as it attempted to break out from its downtrend today. The crypto has been in a one-month downtrend since hitting its latest ATH, with an attempted breakout at the start of the year. Today, the token is attempting another breakout, currently holding above the downtrend line. Per the post, the “king of RWA”’s breakout could target the $2-$3 price range. However, the cryptocurrency needs to remain above the $1.30 level to confirm the break. Additionally, ONDO should hold near the $1.50 mark to continue its bullish trajectory toward the $1.60 resistance. New Pro-Crypto Administration To Fuel American Tokens? Market watcher Detoshi pointed out that ONDO has recovered a key level after its recent performance, which could support a rally toward a new ATH. According to the post, the token has reclaimed its previous ATH level, which was a crucial resistance before the December pump and significant support during the smaller market corrections. Meanwhile, Altcoin Sherpa also highlighted ONDO’s performance, stating that the cryptocurrency’s chart is “looking strong,” adding that it was a “good beneficiary of a pro-crypto administration.” Similarly, Analyst Ted Pillows suggested that investors should “keep an eye on Trump and his wallet,” which includes ONDO, as these tokens are expected to perform well during the next leg up. Related Reading: Solana (SOL) To $300 This Month? ‘All Bets Are Off’ Once It Reclaims This Level Notably, a “Made in the USA” category was created on platforms like CoinGecko and CoinMarketCap for Trump’s inauguration. This category includes ONDO, TRUMP, SUI, and other big players like Solana (SOL), Cardano (ADA), and XRP. Crypto leaders and investors anticipate that these tokens might be the “next big narrative,” fueled by the new US industry-friendly government and the expected end of the “regulation by enforcement” approach led by the previous administration. As of this writing, ONDO trades at $1.51, a 20% increase in the weekly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
Ondo Finance is emerging as a key player in real-world asset tokenization, positioning itself as one of the altcoin contenders likely to shine in this bull cycle. Despite its strong fundamentals, the start of 2025 has been challenging for ONDO, with the token experiencing a massive selloff that led to a 33% drop in value since January 4. This bearish price action has raised questions among some investors, but optimism is beginning to build. Related Reading: Cardano Whales Go On A Shopping Spree – 100 Million ADA in 48 Hours Top crypto analyst Ali Martinez recently shared compelling data that may indicate a turnaround for ONDO. According to Martinez, ONDO’s funding rate has dropped to -60%, a rare phenomenon that signals exchanges are paying traders to go long on the token. Such an environment often reflects a highly bearish sentiment in the short term, which can lead to sharp reversals as market conditions normalize. Ondo Finance could present an intriguing opportunity for investors looking to capitalize on real-world asset tokenization’s growing role in the crypto space. As metrics suggest a potential rebound, all eyes are on ONDO to see if it can recover and perform as expected in this bull cycle. Greedy Bears Holding The Price Ondo Finance has cemented its position as a standout project in the real-world asset (RWA) sector, attracting significant investor attention during the November 2024 post-election rally. During this period, $ONDO surged by over 260% in just weeks, showcasing its ability to generate massive returns in favorable market conditions. Despite recent price declines, Ondo remains a highly attractive altcoin due to its strong fundamentals and leadership in the RWA space. Top analyst Ali Martinez recently shared intriguing data on X that sheds light on the current state of ONDO. According to Martinez, the token’s funding rate has reached -60%. This means exchanges are effectively paying traders to take long positions on ONDO, creating a unique opportunity. Such extreme funding rates typically indicate heightened selling pressure, yet the price hasn’t collapsed under the weight of bearish sentiment. This dynamic often points to underlying strength and the potential for a sharp reversal. Related Reading: Bitcoin Rebounds Above $97K Ahead Of CPI Release – What To Expect This situation could signal overconfidence among short-sellers who are aggressively betting against ONDO. If buying pressure resumes and overwhelms the shorts, it could lead to a squeeze, propelling the price higher. For investors seeking opportunities in the altcoin market, Ondo Finance’s current setup offers a compelling mix of risk and reward. Navigating Volatility Amid Bearish Sentiment Ondo Finance (ONDO) is currently trading at $1.20, reflecting a volatile price trajectory over recent days. The token has experienced sharp movements, dropping as low as $1.09 before bouncing to a local high of $1.30. Despite these fluctuations, bears appear to maintain control, overshadowing the broader market recovery. For bulls to regain momentum and establish a reversal, reclaiming the $1.35 mark is crucial. This level serves as a short-term resistance point that could signal renewed buying interest if surpassed. Beyond that, the $1.50 level stands as the next significant target, potentially marking a transition into a bullish trend if achieved and held as support. Conversely, a failure to maintain the $1.20 level could exacerbate bearish sentiment, putting additional pressure on the price. A sustained breakdown below this level might open the door for further declines, testing lower demand zones and discouraging investor confidence. Related Reading: Solana Reclaims Key Levels Amid Market Volatility – Reclaim $210 And New Highs Are Next While ONDO’s fundamentals and market potential remain strong, its short-term price action suggests a cautious approach. Bulls need to act decisively to reclaim key levels and shift the narrative toward recovery, while bears continue to leverage market uncertainty to keep the token under pressure. Featured image from Dall-E, chart from TradingView
Ondo Finance has faced significant challenges in recent weeks, with its price dropping over 30% from its all-time high of $2.14. Despite the recent downturn, many analysts remain optimistic about ONDO’s potential for recovery, citing its strong performance earlier this cycle as evidence of its resilience. As one of the top-performing altcoins, ONDO has consistently attracted investor attention, leading to speculation about its next move. Related Reading: Bitcoin Is Forming A Symmetrical Triangle – Can BTC Reclaim $100K? However, caution is warranted. Renowned analyst Ali Martinez recently shared a technical analysis warning that ONDO may be at risk of further correction. Martinez highlights the potential formation of a head-and-shoulders pattern on the price chart, a bearish signal often associated with trend reversals. If this pattern plays out, it could lead to increased selling pressure and a deeper pullback. The coming days will be critical for Ondo Finance as it navigates this pivotal moment. Investors will closely watch whether the token can defy bearish signals and reignite bullish momentum or if the feared pattern will confirm, leading to additional declines. For now, ONDO’s future hangs in the balance, with market sentiment and technical indicators offering conflicting signals about its short-term trajectory. ONDO Testing Crucial Demand Ondo Finance has faced a significant correction after its strong rally earlier in the cycle, now testing crucial demand levels at key price points. The token’s price halted at its previous all-time high, around $1.50, which now serves as a pivotal support level. If It holds above this mark, bullish momentum could return, potentially setting the stage for a renewed uptrend. However, top analyst Ali Martinez has raised concerns with a technical analysis that suggests ONDO may be forming a bearish head-and-shoulders pattern. This pattern, if confirmed, typically signals a trend reversal and could lead to increased selling pressure. Martinez warns that a decisive close below the $1.48 level could trigger a steep 30% correction, driving ONDO’s price down to approximately $1.05. Such a move would represent a significant setback for the token and its investors. Related Reading: Solana Sees Consistent Capital Inflows Since 2023 – Liquidity Influx Signals Growth To invalidate this bearish scenario, ONDO must reclaim the $1.86 level as support, a move that would signal strength and restore confidence in the asset’s bullish potential. Until then, the market remains at a critical juncture, with traders closely monitoring price action for clues about ONDO’s next direction. The coming days will be decisive in determining whether ONDO can recover or faces further downside risk. Technical Analysis: What To Expect Ondo Finance (ONDO) is currently trading at $1.49 after successfully testing the critical $1.46 support level highlighted by top analyst Ali Martinez. This level has proven to be a significant line of defense for ONDO, reflecting strong buying interest at this price. The token appears stable for now, but market participants remain cautious, as broader market conditions could still impact ONDO’s trajectory. The recent resilience at $1.46 is encouraging, suggesting that ONDO may be building a foundation for a potential recovery. However, a market-wide retrace could put additional pressure on ONDO, possibly driving its price lower and retesting critical demand levels. Investors are keeping a close eye on key technical levels for confirmation of a bullish rebound. Related Reading: XRP Whales Keep Buying – Data Reveals Smart Money Prepares For A Rally For ONDO to regain upward momentum, reclaiming the $1.70 level in the coming days is essential. A decisive move above this mark would signal renewed strength, paving the way for a bullish recovery and potentially retesting previous highs. Until then, ONDO remains in a delicate position, with traders monitoring broader market sentiment and the asset’s ability to sustain current support levels. The next steps will be crucial in determining whether ONDO can resume its uptrend or face continued consolidation. Featured image from Dall-E, chart from TradingView
Ondo Finance (ONDO) has emerged as a standout project in the crypto market, gaining significant attention for its focus on real-world asset (RWA) tokenization. Specializing in bringing US Treasury Bonds onto the blockchain, ONDO is positioning itself as a leader in bridging traditional finance and decentralized finance. This innovative approach has fueled tremendous growth for ONDO, the project’s native token, which has surged over 235% since November 5. Related Reading: Dogecoin Will See New ATH Soon – Top Trader Sets $2 Target The momentum hasn’t slowed as ONDO continues breaking all-time highs, with a remarkable rally since early December captivating investors and analysts alike. Despite this bullish trend, the market is eyeing potential volatility ahead. Recent data from Santiment highlights an increase in ONDO exchange inflows, often an early indicator of significant price movements. As Ondo Finance captures market interest, its focus on tokenizing US Treasury Bonds aligns with the growing narrative of connecting traditional finance with blockchain technology. This convergence of utility and innovation makes Ondo a compelling project in this market cycle. While the price action remains strong, the rising exchange inflows suggest that ONDO could be gearing up for a pivotal phase. Investors are now closely monitoring the token for signs of its next big move. ONDO Testing Price Discovery Ondo Finance’s native token, ONDO, has been in a strong upward trend, testing price discovery since early December after breaking its previous all-time high (ATH) at $1.48. This rally has propelled ONDO to new heights, with the token recently peaking at $2 just a few hours ago. The consistent upward momentum highlights growing investor interest, but the current price levels signal that volatility could soon make a return. Top crypto analyst Ali Martinez recently shared revealing data on X; Martinez pointed out that ONDO’s exchange inflows have been steadily increasing. Historically, spikes in exchange inflows for ONDO have been correlated with sharp price movements, both upward and downward. These metrics serve as a critical warning to traders and investors about the potential for significant volatility ahead. Martinez emphasized the importance of monitoring these inflows closely. According to his analysis, a spike in inflows typically reflects heightened activity, with holders potentially preparing to sell or new buyers entering the market in anticipation of further gains. “Watch out for the next move,” Martinez cautioned, indicating that ONDO’s price could either correct sharply or extend its rally further into uncharted territory. Related Reading: Solana To New ATH Before Christmas – Analyst Expects $300 Soon As ONDO continues to test price discovery, the next few days will likely be pivotal. If the token sustains its momentum above key support levels, it could push higher, solidifying its position as a top-performing asset in this market cycle. However, traders must remain vigilant, as increased exchange inflows suggest that dramatic price swings are imminent. Technical Analysis: Levels To Watch ONDO is currently trading at $1.90 after a failed attempt to break above the $2 mark earlier today. The price briefly touched this key psychological level before retracing, signaling a potential resistance zone. Despite this setback, ONDO remains one of the market’s standout performers, showcasing impressive strength as it continues to outperform most other assets. This recent pullback could be a setup for a larger move upward, as the price has consistently demonstrated bullish momentum over the past weeks. If the token manages to hold above the critical $1.83 support level, it could pave the way for another rally, potentially breaking past the $2 mark and entering a new phase of price discovery. However, traders should be cautious as volatility appears to be on the rise, with increased exchange inflows indicating heightened market activity. Related Reading: Dogecoin Whales Bought 210 million DOGE During Recent Correction – Bullish Signal? As the price hovers near its recent highs, the coming days will likely determine its short-term trajectory. Holding the $1.83 level will be crucial for bulls aiming to sustain the uptrend. Conversely, losing this support could lead to further corrections. With the token’s strong performance and market interest, Ondo Finance remains a key asset to watch in this evolving market cycle. Featured image from DALL-E, chart from TradingView
Ondo is using LayerZero to make its yield-bearing stablecoin fully fungible across multiple blockchain networks.
The following is a guest article from Vincent Maliepaard, Marketing Director at IntoTheBlock. DeFi is driving one of the most aggressive waves of innovation in decades. While it may feel like an established sector to some, DeFi is still rapidly evolving, continually introducing tools with the potential to redefine traditional finance. Here’s a look at […]
The post The 8 next big trends to watch in DeFi appeared first on CryptoSlate.
Tokenized treasury products are gaining widespread adoption on blockchain networks.
Stablecoin issuers are becoming some of the largest buyers of United States government debt at a time of increased de-dollarization.
The market is down, but the bull run isn't over. When it resumes running upward, some things are going to run a little more than others.
Ondo Finance (ONDO), a decentralized finance (DeFi) protocol focused on tokenizing US treasuries, has witnessed a meteoric rise in its native token’s price over the past week. According to CoinMarketCap, although ONDO was only able to muster a meager 1.3% increase in the last day – yet pushing its value to a record-breaking $0.94 – the impressive feat comes on the heels of a 138% weekly gain, marking an impressive performance for the token. Related Reading: Analyst Bullish On Polkadot (DOT), Predicts $17 Price Target Before April ONDO Marks Banner Week With Big Numbers ONDO doing things right on the weekly chart. Source: Coingecko Analysts attribute this surge to a confluence of factors. Whale investors, known for their significant holdings and market influence, have been accumulating ONDO at a substantial clip. Data from on-chain tracking platform Lookonchain reveals that three whale wallets recently withdrew over 9 million ONDOs, worth around $9 million, from various exchanges. This behavior suggests a long-term bullish outlook on the token’s potential, potentially inciting a follow-the-leader mentality among retail investors. Whales are accumulating #RWA token $ONDO! Whale”0x56F9″ withdrew 6.53M $ONDO($5.88M) from #Bybit in the past month. Fresh wallet”0x92dD” withdrew 1.98M $ONDO($1.78M) from #Gateio in the past hour. Wallet”0xE6bf” withdrew 937,600 $ONDO($845K) from #Gateio 3 hours ago. Address:… pic.twitter.com/o5jWqhresp — Lookonchain (@lookonchain) March 25, 2024 Indeed, Santiment data analyzed by NewsBTC shows a 30% increase in the total number of ONDO holders since March 19th, surpassing the 10,000 mark. This influx of new investors, likely influenced by the whales’ actions and the overall hype surrounding tokenization, has further fueled the token’s price rally. Total crypto market cap at $2.5 trillion on the daily chart: TradingView.com The recent surge in ONDO’s popularity coincides with a broader trend within the DeFi space. Last week, global investment giant BlackRock announced the creation of a tokenized fund on the Ethereum blockchain, allowing investors to earn US dollar yields through a decentralized platform. This move underscores the growing interest in tokenization, which involves representing real-world assets like securities, currencies, and real estate on a blockchain. TVL Not Impressive Despite Weekly Rise However, amidst the celebratory atmosphere surrounding the token’s price surge, a curious detail emerges. Despite the significant increase in ONDO’s value, the platform’s total value locked (TVL), a metric reflecting the total value of crypto assets deposited in its DeFi protocols, has remained relatively stagnant over the past week. While the reasons behind this discrepancy are unclear, it could be a cause for concern for some investors. A stagnant TVL might suggest that the recent price increase isn’t necessarily translating to increased usage of the Ondo Finance protocol itself. Related Reading: Social Media Storm Gives Dogecoin 14% Price Boost – Details Overall, the past week has been undeniably positive for Ondo Finance. The token’s impressive price surge, coupled with the current tokenization hype and strategic alignment with BlackRock’s recent venture, paints a promising picture for the future. However, the stagnant TVL serves as a reminder that long-term sustainability hinges not just on speculation but also on real-world adoption and the continued development of the Ondo Finance ecosystem. Featured image from AlphaTradeZone/Pexels, chart from TradingView