Ondo (CRYPTO: ONDO) is gaining traction, building on strong monthly gains fueled by advancements in the real-world asset sector.
What Happened: Crypto chart analyst Ali Martinez attributes Ondo's parabolic rally to heightened interest in RWA tokenization and strategic moves like its investment in BlackRock's BUIDL fund.
This bullish sentiment suggests sustained momentum:
- Long-Term Outlook: Ondo is currently in a "Greed" phase, nearing "Euphoria," with a 235% rally over the past month and minimal corrections. Using the TD Sequential indicator, Martinez predicts the token could reach $5–$7 in the next few months.
- Short-Term Setup: After breaking a key risk line, Ondo signals bullish continuation. A slight pullback to $1.81 or $1.75 is possible, but the recovery points to further upside. The near-term target is $3.22, with potential for more gains.
Also Read: Ondo Finance, Ethereum's BlackRock-Backed Tokenization Crypto, Surges 38%: Why Is ONDO Going Up?
Why It Matters: BounceBit has integrated Ondo Finance's flagship tokenized U.S. Treasury products into its CeDeFi V2 platform, making Ondo the first treasury-backed RWA in the ecosystem. This integration underscores Ondo's pioneering role in bridging traditional finance with blockchain innovation.
With a 24-hour trading volume of $617.8 million, Ondo leads the RWA sector, highlighting its growing appeal among investors.
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