Technical Breakout and Price Levels
ONDO surged 10% following a technical breakout, sparking chatter about a potential run to a six-month high. The move was triggered by the breach of a bullish “up flag” pattern—a classic continuation signal that often draws in buyers. According to ainvest, the immediate target now sits in the $1.20–$1.25 range, with a clean break above possibly opening the door to $1.36. On the flip side, a drop below the 20-day exponential moving average (20-EMA) at $0.94 would weaken the bullish case and could trigger a test of the $0.90 support level.
The token is currently trading above its 20-EMA and has shown a positive MACD crossover—both encouraging signs for momentum traders. If the momentum holds, the $1.20–$1.25 zone will be the key test to watch. That said, relying heavily on technical patterns and concentrated trading flows means volatility remains high.
TVL Growth and Institutional Signals
Behind the price action is a strong fundamental driver: Ondo Finance’s Total Value Locked (TVL) has climbed above $1.5 billion. This growth is fueled by rising demand for tokenized stocks and ETFs on its platform. A rising TVL can help reduce sell pressure on ONDO by locking up supply. Notably, the platform’s Global Markets product attracted $160 million in TVL in just nine days.
Institutional interest is also building. Partnerships with firms like Fidelity and the hiring of Peter Curley—a former SEC and FDIC official—as Head of Global Affairs have bolstered Ondo’s credibility. On-chain activity shows that large holders have been accumulating ONDO, aligning with the current bullish momentum.
Key Takeaways:
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TVL exceeds $1.5 billion, driven by tokenization demand.
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Short-term target: $1.20–$1.25; next resistance near $1.36.
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Key support levels: $0.94 (20-EMA) and $0.90.
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Growing institutional interest and large-holder accumulation.
A sustained close above $1.20–$1.25 would signal strength and could pave the way for a new six-month high. Traders should keep an eye on the $0.94 level—a break below could trigger liquidations and a deeper pullback.
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