Ondo Finance Price Eyes $0.27 as BNB Chain Support Grows

Ondo Token TVL 700M
  • Ondo Global Markets hits $700M tokenized stock TVL
  • Ondo holds 60% market share with 60+ new stocks/ETFs across 250+ assets.
  • Strong growth in holders and $13B volume fails to lift $ONDO from the $0.255 consolidation phase.

Ondo Finance token price faced volatility amid the ecosystem’s rapid expansion. Its Global Markets protocol hit a major milestone in the Total Value Locked (TVL) and asset offerings. However, the fundamentals of the growth were not translated into the price chart, leaving the traders eyeing the token’s next move.

Despite the price consolidation, Ondo Finance dominates the Real World Asset (RWA) sector. The most recent example is the announcement that Ondo Global Markets is adding more tokenized stocks on the BNB Chain.

Ondo Finance Dominates Market Share

Ondo Global Market’s protocol has officially surpassed a staggering $700 milllion TVL, whereas Ondo Finance has over $2 billion in TVL. The staggering figures alone give Ondo a commanding market share of over 60% in the tokenized equities space. With over ten thousand holders and over $13 billion in cumulative volume, Ondo is proving the growing demand among institutional and retail investors for tokenized traditional assets.

Adding fuel to the fire, Ondo also rolled out over 60 new tokenized stocks and ETFs, which include high-demand assets in the tech, defense, and energy domains. With the new list of additions, Ondo Global Markets now features over 250 tokenized stocks and ETFs that include the world’s most sought-after sectors.

Ondo Finance Price Struggles to Break Free

Highly bullish news does not always cause a surge in the price chart, and Ondo Finance’s price proves that. The 15- minute chart shows $ONDO hovering around $0.2547 in a consolidation phase.

ONDO USDT 15-min chart
ONDO/USDT (15-min chart)

Following a sharp bounce from the $0.2450 lows earlier in the week, $ONDO established a clear ascending support trendline marked in purple on the chart. The price recently attempted to break out past the $0.26 mark but faced rejection at a key descending resistance level marked with the red line that led to the current sideways price action.

Ondo needs to defend the ascending support trendline currently sitting near @0.249-$0.25. If buyers step in here and the hype of $700m TVL continues to grow, it can lead to a clean break above the $0.26 resistance line. If the resistance is cleared, the next target would be the $0.27 mark and the major supply zone. Reclaiming this block could signal a broader trend reversal and attract momentum traders looking for higher highs.

Conversely, if the price level cracks below the ascending support trendline, a 15-minute candle close below the @0.2494 level would invalidate the short-term bullish structure. Traders can expect a swift liquidity flush down to the next major demand zones at $0.245 and potentially a retest of the lower channel boundaries near $0.2400.

Editor’s Note

Ondo Finance is fundamentally at its strongest position since its launch and leads the RWA narrative with one of the largest volume levels and market share. However, traders must be vigilant as the short-term price action remains compressed. Before investing, one should wait for a confirmed break on either the $0.26 resistance or the $0.2390 support.

Also Read: ETH Price Holds $2k Amid Risk-On Sentiment and Whale Demand 

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Harsh Chauhan
Written by Harsh Chauhan
Harsh Chauhan is an experienced Senior Editor at CryptoNewsZ. He was formerly an editor at various industries, including his tenure at TheCryptoTimes, and has written extensively about Crypto, Blockchain, Web3, NFT, and AI. Harsh holds a Bachelor of Business Administration degree with a focus on Marketing and a certification from the Blockchain Foundation Program. Through his writings, he holds the pulse of the rapidly evolving crypto landscape, delivering timely updates and thought-provoking analysis. His commitment to providing value to readers is evident in every piece of content produced. With a deep understanding of market trends and emerging technologies, he strives to bridge the gap between complex blockchain concepts and mainstream audiences.