Ondo (ONDO) has experienced a significant price breakout, rising 7.1% in the last 24 hours to trade at $0.6925, breaking free from a prolonged consolidation phase. The token now faces immediate resistance at $0.7003, with solid support established near $0.6455, creating a critical test zone for traders. Technical analysis indicates a potential bullish projection of up to 64.4% if ONDO maintains momentum above its breakout range, following a clear exit from a falling wedge pattern that had constrained price action for weeks.
Fundamentally, Ondo's recent acquisition of Oasis Pro has granted it SEC registrations as a broker-dealer, alternative trading system, and transfer agent, positioning the project to build compliant markets for tokenized U.S. assets like Treasuries and private equity. Additionally, a partnership with Chainlink will utilize the Cross-Chain Interoperability Protocol (CCIP) to settle tokenized assets across blockchains, enhancing infrastructure for institutional adoption. The expansion to BNB Chain has also broadened access, allowing over a million daily users to trade 100+ tokenized U.S. stocks and ETFs via PancakeSwap.
Market behavior shows intensified activity and cautious optimism, with volume increases near the breakout level suggesting renewed trader engagement. Analysts highlight that sustained movement above key resistance, coupled with higher lows and rising volume during retests, could validate the bullish outlook and trigger the projected gains.
