ONDO Eyes Breakout as RWA Narrative Heats Up

ONDO holds bullish momentum above $0.82 support with higher highs and strong accumulation signaling continuation of the uptrend.Breakout from descending channel and RSI reversal indicate a potential 90% rally toward $1.50 in the coming weeks.ONDO's role in the growing RWA space aligns with technical strength, supporting a long-term push toward the $3.03 Fibonacci target.Ondo Finance ($ONDO) continues to attract attention with its strong technical structure and growing relevance in the tokenized real-world asset (RWA) sector. Currently trading near $0.88, ONDO shows signs of sustained bullish momentum after rebounding from a key support zone. The analysis highlights consistent higher highs and higher lows since February 2024. Price action recently tested the critical $0.65–$0.85 support band for a third time in March 2025, and once again, it bounced upward—maintaining the broader uptrend.Source: LennaertMoreover, the 3-day Coinbase data reflects two major price peaks—$1.40 in May 2024 and nearly $2.10 in December 2024. Each surge respected a clear yellow ascending trendline, underlining bullish continuation. The latest pullback saw price action hold above the volume point of control (POC) at $0.82298. This concentration of trading activity indicates strong accumulation around the $0.82–$0.88 range.Breakout Watch: Weekly Structure Remains StrongBesides the 3-day structure, the weekly timeframe shows an equally promising picture. ONDO recently broke out from a descending channel formed between January and April 2025. The breakout coincided with RSI divergence, where momentum reversed alongside price, hinting at renewed strength. A blue upward arrow on the chart shows a projected 90% move toward $1.50—marking the next logical target.Source: OCT TradesAdditionally, ONDO’s longer-term trajectory features strong cyclical rallies. Price surged from $0.20 in February 2024 to $1.00 by April. After a brief consolidation, ONDO spiked again to $1.40 in June. Following a healthy correction through August and a period of sideways movement, the token exploded to its all-time high of nearly $2.00 in early 2025. This pattern of consolidations and breakouts further supports the bullish thesis.ONDO and the RWA TrendFurthermore, ONDO remains a standout project in the growing RWA space. With real-world asset tokenization gaining momentum, investors increasingly view ONDO as a leading contender. The alignment between technical strength and fundamental narrative is compelling. Hence, a push toward the 1.618 Fibonacci target at $3.03 could materialize if bullish momentum persists.The post ONDO Eyes Breakout as RWA Narrative Heats Up appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.