Ondo price has climbed 27% from $0.32 on July 15 to an intraday high near $0.42 as institutional tokenization deals and a decisive chart breakout have strengthened bullish sentiment around the RWA-focused token.
- ONDO price surged 27% from $0.32 as institutional tokenization deals and stronger network activity attracted buyers.
- A breakout from the descending channel has opened potential targets at $0.45 and $0.47.
- Liquidation clusters near $0.417 could fuel another short squeeze, while $0.39 remains the key support.
According to data from crypto.news, Ondo (ONDO) price traded near $0.41 at press time, up about 2% on the day, with a market capitalization close to $2 billion. The token has outperformed Bitcoin and Ethereum over the past week as traders moved toward crypto projects tied to real-world financial infrastructure.
Recent interest followed Ondo Finance’s work with the Depository Trust & Clearing Corporation on a model for tokenizing securities held at the Depository Trust Company. Products linked to assets such as the SPDR S&P 500 ETF and Circle shares could use entitlements tied to securities held within existing custody systems, rather than stand-alone synthetic copies.
Ondo’s institutional case also includes a cross-border redemption completed with Mastercard, Kinexys by J.P. Morgan and Ripple. The transaction announced in May tested the redemption of tokenized U.S. Treasuries across two banking networks, giving investors another example of how regulated assets can move between blockchain and conventional payment systems.
Meanwhile, Ondo has expanded its tokenized-stock platform to more than 440 assets, while its website reports about $1.05 billion in value locked across those products. The company also introduced round-the-clock minting and redemption for tokenized stocks in June, reducing the dependence on U.S. market hours.
A separate agreement with Japan’s SBI Group added another source of demand for the RWA narrative. The companies plan to explore tokenized Japanese securities distributed through SBI’s network, with yen-based settlement through the JPYSC stablecoin.
Institutional deals have driven ONDO’s breakout
Daily active addresses rose from 2,589 to around 3,300 on July 21 as the price approached $0.40, according to network data cited in the market analysis. The increase came alongside a sharp rise in trading volume, which helped ONDO break from a descending channel that had controlled price action since May.
Spot buying also pushed cumulative volume delta back above zero, while derivatives open interest rebounded from its recent low. Those moves show that fresh capital entered both markets during the advance, although the speed of the recovery also forced traders holding short positions to close contracts as ONDO crossed $0.39.
Investor sentiment has turned firmly positive after repeated failures below the same resistance. According to analyst Michaël van de Poppe, the token’s brief return to $0.34 created a successful retest before the latest push.
“I assume that, with this short retest at $0.34 and the fact that we’re having a test of this resistance so fast, it’s likely that we’ll continue to rally upwards.”
Van de Poppe placed $0.45 as the next likely objective and argued that strength in ONDO could also pull other RWA tokens higher. His view matches the latest spot structure, though the token must first absorb sellers between $0.41 and $0.42.
Macro conditions have also favored assets with clear institutional links. Bitcoin traded near $66,000, and Ethereum hovered around $1,930 as both assets registered limited daily gains, while investors assessed commodity volatility and the next round of central-bank decisions. ONDO’s 27% weekly advance has separated it from that subdued large-cap performance.
ONDO price must secure $0.42 before targeting $0.47
The daily chart shows ONDO breaking above the upper boundary of its multimonth descending channel after several failed attempts. Based on the height of the channel, the measured move places the main bullish target near $0.472, an area that also served as resistance during May.
Momentum supports the advance but leaves little room for a weak close. The daily relative strength index has reached 69.18, just below the conventional overbought threshold of 70, while its average remains at 53.89. The MACD line has risen to 0.0130 above the 0.0044 signal line, and the positive histogram has expanded to 0.0086.
On the 4-hour chart, ONDO has moved above the Murray Math ultimate resistance at $0.3906 and the $0.4028 overbought level. Price has now entered the band between $0.4028 and $0.4150, where traders may take profits after the rapid advance. The next extension sits at $0.4272 if buyers secure a 4-hour close above $0.415.
Cash flow remains supportive, with the 4-hour Chaikin Money Flow reading at 0.28. A positive value of that size confirms that buying volume has outweighed selling volume during the breakout, though a drop below $0.3906 would weaken the immediate setup. Lower supports sit at $0.3784 and $0.3662.
CoinGlass’ 24-hour liquidation heatmap places the largest nearby leverage pool around $0.416–$0.417, just above the current price. A push through that cluster could liquidate additional short positions and carry ONDO toward $0.42. Below the market, leveraged positions are concentrated near $0.393–$0.390, with another dense pocket around $0.389.
A daily close above $0.42 would open the route toward $0.45 and the channel target at $0.472. Rejection from the current resistance could send ONDO back toward $0.39, while loss of that level would expose $0.378 and delay the bullish continuation.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
