According to foreign media, ONDO's price has rebounded to around $0.34, up about 5% on the day. This round of rebound occurred after the lower edge of its multi-month consolidation range once again attracted buying support. The market is watching to see whether this is merely a short-term correction or the starting point of a new upward move.

The $0.35 to $0.38 range as a short-term watershed

The article believes ONDO's first task is to reclaim the $0.35 to $0.38 region. This area gathers several short- and medium-term moving averages and marks the first clear resistance zone in recent price action. If the price can hold above this range, the technical outlook will improve and the market’s attention may shift to $0.42.

Looking at a broader range, ONDO previously consolidated repeatedly between $0.25 and $0.32, then briefly climbed toward the $0.40 to $0.43 region but failed to continue higher. After the most recent pullback, buying pressure reappeared near the support zone, bringing the price back onto a rebound track.

Higher targets point to $0.47 to $0.50

According to the article, if ONDO breaks through its recent swing high, the next stage could test $0.47, further moving toward the $0.50 resistance area. Calculated from around $0.34, this represents an upside of approximately 23% to 47%.

However, support below is equally important. The article notes $0.30 to $0.32 remains the current key support zone. A clear breakdown below this region would weaken the bullish structure, and the price could fall back into a lower consolidation range.

RWA business expansion provides underlying support

In addition to price action, the article also highlights market attention on Ondo’s real-world asset tokenization business. It reports that Ondo’s tokenized stock platform now has a total value locked exceeding $1 billion, the platform offers more than 440 tradable tokenized stocks and ETF, and total trading volume has reached several billion US dollars.

The article suggests that as the tokenized stock market has continued to expand over the past year, Ondo’s profile in the RWA sector has increased as well. Its products are expanding to more trading platforms and blockchain ecosystems, which is seen as one of the main drivers supporting ONDO’s fundamental narrative.

From a technical perspective, the article notes the RSI is currently around 45, not yet in overbought territory. This means that if buying continues to strengthen, the price still has room to rise further. However, whether the rebound can continue in the short term depends on whether ONDO can convincingly break through the $0.35 to $0.38 resistance zone.

USD