ONDO trades at $0.36 as Ondo Finance TVL tops $1 billion

ONDO price movement and technical outlook

At the time of writing, ONDO trades at $0.3581, securing a 6.28% daily gain. The token reports a 24-hour trading volume of $153 million and a market capitalization of $1.73 billion.

Crypto analyst Crypto With Gopal observed that ONDO is consolidating within an ascending triangle pattern, marked by higher lows and narrowing price action. This tightening formation signals converging pressure from buyers and sellers, reflecting increased market tension as the price approaches decisive support and resistance levels.

The $0.28 to $0.30 band serves as the key support area, while resistance remains between $0.40 and $0.45. A strong rebound from support, combined with increased trading volume, could point to an upside move for ONDO.

Repeated higher lows and tighter price action suggest an imminent breakout for the ONDO price, with a move above $0.40–$0.45 potentially eyeing a rally toward $0.70. However, confirmation and volume are needed to validate any such move.

Should ONDO break through the upper boundary of the triangle formation, technical sentiment could favor a sustained rally. In the absence of a breakout, the token may continue its sideways trend.

Ecosystem milestones and TVL growth

Ondo Finance, founded to bring institutional-grade tokenized assets to DeFi, highlighted that demand for tokenized financial products continues to accelerate. The recent milestone of $1 billion in TVL underlines growing trust in the platform.

The Ondo Stocks platform reported $27 billion in lifetime trading volume, supporting more than 440 tokenized stocks and exchange-traded funds (ETFs). This uptrend reflects increased user interest in on-chain financial instruments powered by blockchain technology.

Ondo-related ecosystem transfers have grown to $2.82 billion, delivering a 25% rise month-on-month. The supply of USDY, Ondo’s tokenized yield-bearing stablecoin, expanded to $2.15 billion across 12 networks. More than 200,000 holders now account for its distribution, following 20% growth over the last month.

The uptick coincides with an improving crypto market. Bitcoin’s positive momentum appears to provide foundational support for alternative tokens such as ONDO, which benefit from renewed investor optimism.

A successful ONDO breakout past the $0.40–$0.45 resistance range, powered by strong volume, could target a rally toward $0.70. Despite these tailwinds, traders are weighing whether fundamental growth in real-world asset (RWA) protocols can push ONDO out of consolidation.

Ondo Finance is a blockchain-based platform that specializes in tokenizing real-world assets, enabling institutions and individual investors to access and trade tokenized versions of traditional assets on-chain.

Mini dictionary: Total Value Locked (TVL) refers to the total value of digital assets deposited in a protocol or DeFi ecosystem. It acts as a key indicator of trust, adoption, and activity within blockchain-based financial products.

If ONDO fails to secure a breakout above resistance, it may remain rangebound. Ongoing network expansion and growing adoption of tokenized real-world assets lend support, but future performance remains subject to market conditions and trader sentiment.