Ondo Tests $0.30 Support as Tokenized Stocks Surpass $1 Billion

1 hour ago 2 sources positive

Key takeaways:

  • ONDO's rising TVL and tokenized assets contrast its downtrend, hinting fundamentals remain underpriced.
  • Losing $0.30 support likely confirms bearish continuation, while holding may spark rebound to $0.45.
  • A 3-day close above $0.5394 would signal structural trend reversal, turning current consolidation into accumulation.

Ondo Finance’s native token ONDO is trading at $0.3279, with 24-hour volume near $63 million and a market cap of $1.59 billion. The token remains inside a descending channel and is now testing the $0.30 support zone on the daily chart.

Analyst Crypto Zee identified $0.30 as a critical demand level. A successful defense could open a push toward $0.45, while MikyBullCrypto has flagged $0.50 as the next upside target if support holds and volume strengthens. A failure at $0.30, however, would likely signal additional downside.

On the fundamentals side, Ondo Finance’s tokenized stocks have surpassed $1 billion in total value, according to the RWA Foundation. The platform’s total value locked has reached $3.48 billion across 11 blockchains, with Ethereum accounting for $1.88 billion, more than half of the total.

Analyst CryptoPatel noted ONDO is down roughly 85% from its all-time high of $2.15. A multi-month compression structure is forming, with bullish confirmation seen on a 3-day close above $0.5394. CryptoPatel’s long-term targets include $1, $1.60, $3, and $5, with invalidation on a 3-day close below $0.17. The $0.19–$0.25 zone is marked as a key accumulation area if price retests those levels.

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