Ondo Price Eyes $1 as TVL Hits New ATH

Key Insights:

• Ondo price breakout signals bullish momentum toward the $1 level.
• TVL hits $1.397B, showing strong demand for ONDO.
• If support level holds, Ondo could see a potential surge ahead.

Ondo price has experienced a notable surge in the past 24 hours, maintaining levels above $0.76 amid strong bullish momentum.

The price action reflects an ascending trend, indicating growing investor confidence in the token. ONDO’s 24-hour trading volume stands at $154.56 million, marking a 26.30% increase.

The market cap now sits at $2.42 billion, posting a 3.86% rise. Despite the current uptrend, ONDO remains 64.3% below its all-time high of $2.14, reached in December 2024.

Meanwhile, the broader crypto market cap has grown slightly to $3.24 trillion. Bitcoin holds steady at $104,000, while Ethereum hovers near the $2,500 support level.

Ondo Finance Hits Record TVL Milestone

Ondo price is 0.79 as the platform achieved a major milestone. The TVL of Ondo Finance has reached a new all-time high of over 1.397 billion dollars, which indicates the high investor confidence.

Market cap already stands at 2.492 billion and fully diluted valuation is at levels of 7.889 billion. The 24-hour trading volume was exceeded by the amount of $173.55 million, which demonstrates the growing interest in the market and activity.

The estimated annualized fee generation is $52.95 million, and the estimated annual revenue is predicted to be around $27.64 million. With tokenization and real-world assets (RWA) transforming the world of finance, Ondo Finance is one of the pioneers of the trend.

And as the momentum is gaining speed, the expansion of Ondo is also indicative of the overall change in on-chain finances adoption.

Analyst Predicts $1 Target for Ondo Crypto.

Crypto analyst reports that the Ondo price is gaining traction in the cryptocurrency market. The token has shown great momentum implying that there can be an upward trend in the next few weeks. According to technical indicators, Ondo crypto can beat the resistance point of 1.00 in the upcoming June to July pump.

Trading in the recent past has seen ONDO sliding in a predetermined band, and the support and resistance lines are well defined.

The coin has recovered to current levels after hitting the lows recently and is set to have potential gains of 28 percent as long as the push maintains. This breakout area is the one being monitored by market observers, and increased investor confidence and potential for bullish continuation are present.

ONDO Price Eyes Breakout Toward $1 Mark

The latest ONDO price action shows signs of bullish momentum after a period of sideways consolidation. The Ondo crypto is currently trading at $0.7660, slightly up by 0.10% on the 4-hour chart.

The price has recently rebounded off the $0.70 support area, accumulating traction, and it is now nearing the resistance price level at $0.80.

The breakout above the price value of 0.80 would open the doors to the 0.90 level. With purchasing strength, bulls can initiate an upsurge towards the $1.0 target, which is a prospective gain of 30.77% based on the present value.

The MACD indicator is hinting at a pre-bullish crossover. The MACD line has crossed over the signal line indicating momentum. Nonetheless, histogram remains with slight bearish power, and therefore, it is vital to have the confirmation in several upcoming candles.

In the meantime, Relative Strength Index (RSI) is 45. This is still below neutral 50 level, but it is slowly rising, which means that demand is building.

The main support is at 0.7000 whereas the resistance lies at 0.80 and 0.900. A drop below 070 would cross out the bullish formation and would tend to turn down momentum.

Disclaimer

This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.