Key highlights:
ONDO has been one of the stronger performers in the tokenized asset sector lately. After spending months under pressure, the Ondo price has climbed from a low near $0.21 to around $0.54, and analysts believe the move may not be over yet.
Analyst World Of Charts pointed out that ONDO has already delivered more than 35% gains from its breakout zone, but the chart is only part of the story. Rising network activity, growing interest in tokenized assets, and new developments involving major financial firms are all helping put the ONDO price in a stronger position than it was earlier this year.
The ONDO price has already confirmed a major breakout
Crypto analyst World Of Charts shared a falling wedge breakout setup that started around the $0.35 area. Since then, the ONDO price has climbed to roughly $0.55, producing a gain of about 38.5%.
We had a look at the ONDO chart, and the setup is fairly straightforward. ONDO spent months moving lower after peaking near $1.00, creating a falling wedge pattern along the way. That pattern finally broke to the upside when buyers pushed the price above the upper trendline.
The move became more convincing when ONDO returned to test the breakout area near $0.35 and held it as support. Since then, the ONDO price has continued moving higher and is now trading comfortably above its Daily SMA and 4-hour SMA.
From a technical standpoint, the next levels traders are watching sit at $0.6126 and $0.6596. If those barriers give way, attention could quickly turn toward the larger resistance zone around $0.7397.
Ondo is benefiting from a bigger tokenization trend
Ondo partnered with BlackRock to launch three on-chain investment portfolios using strategies developed by the asset management giant. The products are available to eligible investors outside the United States and represent another step toward bringing traditional financial products onto blockchain rails.
The broader tokenization industry is also moving forward. ARK Invest is tokenizing its venture fund through Securitize on Ethereum, showing that large investment firms continue exploring blockchain-based investment products.
At the same time, the Federal Reserve proposed two stablecoin-related frameworks under the GENIUS Act. One focuses on reserve requirements, custody, capital, and risk management standards for supervised issuers. The other creates a framework for banks under Federal Reserve oversight to apply for stablecoin issuance.
The CFTC also clarified that registered derivatives firms can hold certain customer investments as tokens and use blockchain records for federal recordkeeping requirements. None of these developments guarantee the ONDO price increasing, but they do show that tokenization continues moving deeper into traditional finance, which is the market Ondo is targeting.
Can the ONDO price break above $0.65?
The ONDO price is approaching a key level after its latest rally. ONDO is trading around $0.5487-$0.5491, just below the $0.5512 resistance on the 4-hour chart. A break above $0.5512 could open the way toward $0.6126, followed by $0.6596 and $0.7397. That gives bulls several levels to watch if the rally continues.
4-hour ONDO chart analysis
The main concern is momentum. The daily RSI is 74.28, and the 4-hour RSI is 78.75, putting both timeframes in overbought territory. That does not guarantee a decline, but it does leave room for a pause or pullback.
Daily ONDO chart analysis
If the ONDO price falls, $0.5015 is the first support, followed by $0.4519. A deeper move could bring the 4-hour SMA 100 at $0.3879 and daily SMA 100 at $0.3605 into play. For now, ONDO remains above both moving averages. The next big test is whether buyers can clear $0.5512 and push the price toward $0.61 and $0.66.
The ONDO rally is being supported by on-chain activity
The on-chain data from Glassnode adds another interesting piece to the story. Active addresses climbed from roughly 1,800 to about 5,700. During the same period, the ONDO price moved from around $0.40 to above $0.52.
Transaction activity followed a similar path. Transfers increased from roughly 5,000 to nearly 37,000, marking one of the strongest increases visible on the network. What makes those numbers important is that network activity and price have been moving higher together.
More active addresses mean more participants are interacting with the protocol. More transfers point to heavier network usage. That doesn’t guarantee future gains, but it does show that the recovery in the ONDO price has been accompanied by measurable growth in activity across the network.
Where could ONDO be headed next?
The technical picture remains positive, though the market may need a breather first. The daily RSI sits at 74.28, and the 4-hour RSI is even higher at 78.75. Those readings indicate that ONDO has become stretched in the short term, which can sometimes lead to consolidation or a temporary cooldown.
The first area traders are watching is $0.5512. A move above that level could open the door toward $0.6126 and then $0.6596. Beyond that, the ONDO price could begin testing the larger resistance area near $0.7397.
If buyers take a step back, support sits around $0.5015 and $0.4519. Below those levels, the moving-average zone between $0.3605 and $0.3879 remains one of the most important support areas on the chart.
ONDO continues to hold above every major level that fueled the breakout. CoinCodex’s 1-month ONDO price prediction places the price at $0.3978, implying that analysts expect the price to trade below the current level over the coming weeks as the market cools after its recent rally.
Source:: ONDO Price Prediction: After a 38% Rally, Can ONDO Push Toward $0.80?