ONDO Finance [ONDO]was trading near $0.277, at the time of writing, after rebounding from the $0.242-level. Around this level, buyers absorbed selling pressure and rebuilt the short-term structure.
As the price advanced, it tested the $0.291 resistance zone. This was followed by a sharp rejection, showing sellers remain active and continue to cap upside attempts. This reaction also highlights persistent overhead supply, with the pullback towards $0.279 reflecting short-term profit-taking rather than structural failure.
Source: TradingViewHowever, the price seemed to be still holding near the 23.6% Fibonacci level at $0.2799 – A level that now acts as immediate support, suggesting buyers may be defending higher lows and maintaining range control. If this level weakens, downside could extend towards $0.2668, followed by a deeper move towards $0.255–$0.242 if selling pressure accelerates.
The RSI near 56 reflected neutral momentum, reinforcing indecision. A reclaim above $0.291 could push ONDO towards $0.305–$0.315, while failure to hold $0.279 would likely shift structure towards a broader retracement.
Franklin Templeton deal fuels ONDO’s RWA strength
ONDO holding firm near its resistance may be illustrative of a shift in behavior as sustained bids absorb sell-side pressure instead of signaling exhaustion. Despite broader altcoins showing weak participation, ONDO has so far avoided any breakdowns – A sign that capital rotates selectively rather than exiting entirely.
This shift will only strengthen as narrative-driven demand grows, following Ondo Finance’s partnership with Franklin Templeton to tokenize five ETFs. This move enables round-the-clock access to about $1.7 trillion in managed assets through on-chain infrastructure, expanding real-world asset exposure.
As this development unfolds, it will reinforce ONDO’s positioning within a sector attracting institutional attention and sustained capital flows. Holding near resistance now signals positioning rather than indecision, where sustained demand could drive a breakout. All while fading interest risks weakening momentum.
ONDO gains as yield-focused capital reshapes altcoin flows
Finally, ONDO’s strength has continued to build as capital shifts towards RWA-linked assets, where tokenized yield offers stability over speculative volatility. As broader altcoins struggle to attract sustained flows, ONDO benefits from positioning within tokenized U.S. Treasuries. This draws institutional capital seeking consistent returns.
This dynamic became clearer as USDY climbed to about $1.337 billion, rising by 10.36% while offering a 3.55% yield. All while OUSG held near $681 million, reinforcing steady demand. Together, these pushed Ondo’s Distributed Asset Value above $2.65 billion, supported by monthly transfers near $2.55 billion – A sign of sustained usage rather than episodic spikes.
This trend also aligns with Tokenized Treasuries exceeding $12 billion sector-wide. This seemed to imply that ONDO remains positioned to capture further inflows as institutional demand strengthens.
Final Summary
- ONDO weakened below $0.279 support as selling pressure built under $0.291 resistance, exposing downside towards $0.2668 and potentially, $0.255–$0.242.
- ONDO retains underlying strength from RWA-driven demand and $2.65B asset growth.
Source: https://ambcrypto.com/heres-why-under-pressure-ondo-could-see-a-price-reversal-after-strong-rwa-inflows/
