Ondo Price Surges 30% Following Major Cross-Border Treasury Deal
- Price Surge Reason: Ondo's price has surged over 30% in the past week with a 41% increase in trading volume, primarily due to a successful cross-border deal on May 6 that redeemed tokenized U.S. Treasuries, demonstrating the compatibility of tokenized financial products with traditional banking systems.
- Positive Market Reaction: As major financial institutions show increasing interest in tokenized real-world assets, Ondo's position in the market becomes increasingly significant, with the tokenized RWA market growing from under $1 billion to over $27 billion, indicating strong institutional demand.
- Strong Financial Performance: Ondo Finance reported Q1 2026 revenue of $13.26 million and a Total Value Locked (TVL) of $3.53 billion, reflecting a robust fundamental outlook that attracts more investor attention.
- Optimistic Future Outlook: With Ondo's expansion onto the Solana network and plans to launch tokenized stocks, demand is expected to rise further; although the market may face supply-side pressures in the short term, the overall trend remains positive, potentially pushing prices to $0.40.
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Technical Analysis for ONDO
Technical Sentiment Analysis for Ondo (ONDO). As of , Ondo (ONDO) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for ONDO stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, ONDO is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Ondo (ONDO) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.219 | 0.285 | 0.344 | 0.41 | 0.468 | 0.534 | 0.593 |
| Fibonacci | 0.285 | 0.333 | 0.362 | 0.41 | 0.457 | 0.487 | 0.534 |
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