Ondo climbed above $1.09 on Sept. 12, extending a week-long rally that has put the token in place to check a breakout zone simply as real-world asset tokens hit file market worth.
Abstract
- Ondo value rose 8% previously day, testing a breakout zone with surging buying and selling and derivatives exercise.
- The overall worth of tokenized RWAs crossed $29B this week, whereas RWA tokens hit a $76B market cap.
- Belief Pockets’s new tokenized shares function, powered by Ondo, boosted short-term sentiment.
At press time, ONDO was buying and selling at $1.09, up 8% previously 24 hours, inside a seven-day vary of $0.8974–$1.13. Though the token has elevated by 19% within the final week and 4% within the final 30 days, it’s nonetheless 50% beneath its peak of $2.14, which was set in Dec. 2024.
Ondo’s (ONDO) 24-hour quantity reached $485.39 million, an 85.5% improve from the day earlier than, indicating a surge in buying and selling exercise. There have been vital inflows into derivatives as nicely. As per Coinglass information, open curiosity elevated by 14% to $585.74 million, whereas ONDO futures quantity rose 67% to $1.38 billion.
Growing derivatives quantity signifies rising speculative exercise, and better open curiosity means that merchants are holding extra positions, which is usually an indication of bigger value swings forward.
RWA market increase lifts Ondo
The rally coincided with a wider surge in tokenized belongings. The market capitalization of RWA tokens rose from about $67 billion to almost $76 billion over the previous week, setting a brand new excessive. In the meantime, the whole worth of tokenized belongings on-chain surpassed $29 billion for the primary time, based mostly on information from RWA.xyz.
Ondo has been on the middle of this momentum. Along with Ondo, Belief Pockets launched tokenized U.S. shares and exchange-traded funds on Sept. 9. The mixing permits customers globally to commerce shares like Apple and Tesla onchain with out the necessity for brokers, with the assistance of the decentralized change aggregator 1inch (1INCH).
Ondo’s protocol complete worth locked has additionally expanded considerably this yr, rising from $650 million in January to $1.56 billion as of Sept. 12, based on DefiLlama information.
Ondo value technical evaluation
The ONDO/USDT each day chart reveals the token urgent towards the higher Bollinger Band close to $1.13, supported by rising quantity. A relative energy index of 66 suggests constructing momentum however not but overbought circumstances.
The vast majority of shifting averages, starting from the 200-day SMA to the 10-day EMA, present bullish alignment, providing a constructive backdrop.
MACD readings show a purchase sign, however momentum has slowed, suggesting potential short-term consolidation. If the $1.13 resistance is decisively damaged, it might arrange a transfer towards $1.20 and past, whereas failure to carry above $1.00 dangers a retracement towards $0.95, the place each shifting averages and the center Bollinger Band present help.
