After nearing its annual low, the price of ONDO is now approaching a major resistance level, driven by a series of strategic developments from Ondo Finance.
ONDO’s Rebound from Annual Lows
The price of ONDO, the native cryptocurrency of Ondo Finance, has recently bounced back from its lowest point this year. Currently trading at $0.078**, the token has gained **13%** over the past week. After briefly dipping below the downtrend on the 4-hour chart, the price sharply recovered from the **$0.62 low observed on June 22. This rebound was accompanied by significant trading volume, indicating strong buying pressure that quickly brought the price back into the channel range.
In recent trading sessions, ONDO’s price moved back above the 20-day exponential moving average (20 EMA) and the 100-day simple moving average (100 SMA), forming a bullish configuration between these two averages. The price is now approaching the upper boundary of the descending channel and has established a slightly higher high compared to the first rebound from the annual low.
Technical indicators are also showing positive signals. The Relative Strength Index (RSI) has climbed to around 59, reflecting growing momentum while still leaving room before entering the overbought zone. The Moving Average Convergence Divergence (MACD) has generated a bullish signal, with the MACD line crossing above the signal line and moving into positive territory.
Key Levels and Future Outlook
A breakout above the upper boundary of the descending channel, around $0.082–$0.085, could pave the way toward the next targets near $0.090** and potentially **$0.105, corresponding to previous highs within the channel. On the downside, immediate horizontal support is located at $0.072. A break below this level would increase the likelihood of the price remaining trapped within the channel in the short term.
This price rebound occurs alongside positive fundamental developments. Ondo Finance has recently launched tokenized U.S. Treasury bonds on the XRP Ledger, conducted cross-chain settlements with JPMorgan and Chainlink, and facilitated instant conversions between its OUSG fund and PayPal’s stablecoin PYUSD.
Additionally, the company announced the formation of the Global Markets Alliance, a new coalition aimed at establishing technical and compliance standards for tokenized public securities. This initiative brings together key players like the Solana Foundation, Fireblocks, BitGo, and Trust Wallet, laying the groundwork for the upcoming launch of Ondo Global Markets—a platform designed to provide non-U.S. investors with direct access to U.S. securities.
👉 Explore real-time trading tools
Frequently Asked Questions
What is ONDO cryptocurrency?
ONDO is the utility token of Ondo Finance, a platform focused on bringing traditional financial assets like bonds and securities onto the blockchain through tokenization.
What caused ONDO’s recent price rebound?
The rebound was driven by a combination of technical factors, including strong buying pressure and bullish indicator signals, as well as positive fundamental news such as new partnerships and product launches.
What are the key resistance levels for ONDO?
The immediate resistance is between $0.082 and $0.085. A break above this zone could open the path toward $0.090 and $0.105.
Is ONDO a good investment?
Cryptocurrency investments carry inherent risks. While recent developments are positive, investors should conduct their own research and consider their risk tolerance before investing.
How does Ondo Finance use blockchain technology?
Ondo Finance uses blockchain to tokenize real-world assets like U.S. Treasuries, enabling faster settlements, increased transparency, and broader accessibility.
What is the long-term vision for Ondo Finance?
The company aims to bridge traditional and decentralized finance by offering institutional-grade tokenized assets and expanding access to global financial markets.