According to external sources, the price of ONDO has risen back to about US$ 0.34, increasing by about 5 per cent in the day. Following the round's re-energizing of the buyout along its several months of consolidation, the market is looking at whether it is just short-line repair or the starting point for a new round.
$0.35 to $0.38 into short-line watershed
According to the article, the first thing to recover is the 0.35 to 0.38 dollar area. There are many short- and medium-term averages and the first visible drag zone in recent trends. If prices stabilize this zone on the station, the technology pattern will improve and the market outlook may shift to $0.42.
On a larger scale, ONDO had previously rearranged between US$ 0.25 and US$ 0.32, followed by a tour of the US$ 0.40 to US$ 0.43 but was unable to continue. The most recent fall back, and the purchase of a plate again appears near the support area, bringing the price back to a rebound orbit.
Higher target points to 0.47 to $0.50.
According to the article, if ONDO breaks the recent high-band, the next phase could test US$ 0.47 and further close to the US$ 0.50 resistance zone. In the vicinity of $0.34, the corresponding top space is approximately 23 to 47 per cent.
However, the bottom support is equally important. The article mentions that $0.30 to $0.32 remains the current key support belt. Once the area is clearly broken, the existing rebound structure will be weakened and prices may be returned to a lower level of consolidation.
RWA business expansion provides context support
In addition to price trends, the article also focuses on real-world asset monetization operations in Ondo. The paper states that the total value of Ondo ' s monetized stock platform has exceeded US$ 1 billion, and that the platform ' s tradable monetized shares and ETFs have exceeded 440 dollars, with cumulative transactions reaching billions of dollars.
According to the article, with the expansion of the monetized stock market over the past year, Ondo's interest in the RWA track has increased. The ecological expansion of its products to more trading platforms and block chains is seen as one of the reasons why ONDO is supported by basic narratives.
In terms of technical indicators, the reference to RSI is currently around 45 and has not yet entered the heat zone. This means that if the purchaser continues to grow, there is room for further price expansion. But the continuation of the short-line rebound depends on the ability of ONDO to effectively break the 0.35-0.38-dollar drag belt.