ONDO price has recently rebounded from its yearly low and is now approaching a key resistance level, supported by a wave of positive fundamental developments.
Currently trading at $0.078, ONDO is up 13% over the past week. The price bounced back from a yearly low of $0.062 on June 22, after briefly slipping below the lower trendline of a months-long descending channel on the 4-hour chart. Strong buying interest at that level, reflected in elevated trading volume, helped the price swiftly recover back within the channel’s range.
In recent sessions, ONDO has also moved above both the 20 EMA and the 100 SMA, with a bullish crossover forming between the two indicators. The price is now edging toward the upper boundary of the descending channel, having posted a slightly higher high than the peak of its initial rebound from the June 22 low.
Momentum indicators are also signaling a bullish shift. The Relative Strength Index (RSI) has risen to around 59, suggesting increasing strength while still leaving room before overbought conditions are reached. Meanwhile, the MACD has confirmed a bullish crossover, with the MACD line crossing above the signal line and moving into positive territory.
Looking ahead, a breakout above the upper boundary of the descending channel—currently between $0.082 and $0.085—could open the door for a move toward the next resistance levels near $0.090 and potentially $0.105, aligning with previous swing highs within the channel. On the downside, immediate support is seen at $0.072. A drop below this level could reinforce the likelihood of ONDO remaining confined within the channel in the near term.
The recent price recovery from the yearly low coincides with a series of fundamental milestones for Ondo Finance. Most notably, the project has launched tokenized U.S. Treasuries on the XRP Ledger, completed a cross-chain settlement leveraging JPMorgan’s Kinexys and Chainlink, and introduced instant conversion between its OUSG fund and PayPal’s PYUSD stablecoin.
Further strengthening its ecosystem, Ondo also announced the formation of the Global Markets Alliance—a coalition focused on setting technical and compliance standards for tokenized public securities. The alliance includes major players such as the Solana Foundation, Fireblocks, BitGo, Trust Wallet, Bitget Wallet, Jupiter, and Newtoiwkr, and lays the groundwork for the upcoming launch of Ondo Global Markets, a platform designed to provide non-U.S. traders with direct access to U.S. securities via integrated apps and wallets.
