The cryptocurrency market is buzzing with excitement as ONDO, the native digital asset of Ondo Finance, has surged an astonishing 60% within just a month. Starting from a price of $0.6942 in July, it hit a peak of $1.169 on July 21. This rally has been further fueled by 21Shares’ recent filing for a spot exchange-traded fund (ETF) focused on the ONDO token, awakening fresh enthusiasm among investors. However, as of now, ONDO has experienced a slight pullback, declining by 10.44% to trade at around $1.025. This dip has shrunk its market cap from $3.7 billion down to $3.2 billion, but the market activity remains remarkably robust with over $448 million in ONDO tokens changing hands in just 24 hours. What does this mean for future investment? Let’s delve deeper.
Market participants are abuzz with speculation that the ETF filing by 21Shares could spark significant institutional demand for the ONDO token. This sentiment is echoed online, as seen in a recent tweet claiming, “$ONDO season is loading!” This suggests that many are perceiving ONDO not just as a token, but as a burgeoning asset ripe for institutional embrace.
“$ONDO season is loading legends. @ondofinance ETF is loading, and this could begin a new cycle for this gem. BlackRock fully sends ONDO! Take notes, there’s a reason why BlackRock is going all in together with $XRP and ONDO!” — Dark Knight 🦇 (@dark_knight_btc) July 23, 2025
What makes ONDO stand out in the crowded cryptocurrency landscape? Ondo Finance operates as a layer-1 proof-of-stake blockchain tailored for institutional finance and the tokenization of real-world assets (RWAs). The platform has positioned itself firmly in the institutional arena through strategic partnerships with influential players like Franklin Templeton, WisdomTree, Google Cloud, McKinsey, BlackRock, PayPal, and Morgan Stanley. These alliances enable Ondo Finance to launch a dedicated layer-1 protocol aimed specifically at the tokenization of real-world assets.
“⛓️ @jpmorgan’s Kinexys just executed a tokenized U.S. Treasuries trade on @OndoFinance Chain and settled cross-chain using @chainlink’s secure infra.” — Cryptonews.com (@cryptonews) May 14, 2025
The momentum didn’t stop there. Recently, BNB Chain, the blockchain under Binance, announced its partnership with Ondo Finance to weave tokenized real-world assets into its ecosystem. This collaboration aims to connect Wall Street with BNB Chain, ushering in over 100 U.S. stocks, ETFs, and investment funds into Ondo Finance—all while ensuring traditional finance liquidity is preserved. Just months prior, the partnership with Mastercard’s Multi-Token Network marked another significant milestone, bolstering Ondo’s standing in the realm of institutional finance.
As analysts turn their sights to the possibilities this token may hold, many are pondering the question: **Could ONDO actually reach $2?** Some traders see the recent price correction as an opportunity to buy into a potential bull run, comparing it to the price movements of XRP, which is gaining traction among traditional financial institutions. According to chart analyst ‘Crypto Targets,’ ONDO is currently in a double accumulation phase, exhibiting bullish RSI divergence alongside a breakout structure alignment.
“Double accumulation phase ✅ RSI divergence bullish ✅ Breakout structure weekly ✅ $ONDO just flipped the macro neckline. What comes next? Expansion 🎯 Target: $4” — Crypto Target (@cryptotarget11) July 23, 2025
This analysis suggests that ONDO has not only flipped key price levels, but it may also be poised for substantial growth beyond just the $2 mark. Financial educator Kren took a broader perspective, illustrating that with the U.S. Treasury market valued at an astounding $27 trillion, capturing even a minuscule 0.1% of this market could send ONDO’s price soaring to $6.75 per unit.
Examining technical charts reveals a bullish trend. The daily ONDO/USDT chart indicated a substantial rally from early July, leading to resistance around $1.1732, the highs seen this month. Currently, the market is experiencing a robust rally from as low as $0.7697 with momentum indicators like the moving averages (EMAs) trending positively.
However, today’s trading has revealed a notable 9% retracement, as the token closed at $1.0397. Despite this pullback suggesting a brief loss of momentum, the overall trend appears resilient. The Relative Strength Index (RSI) reads 62.29, which is just shy of the overbought zone, indicating that there is still potential for a rebound without overshooting. If ONDO can maintain support above critical moving averages, particularly the EMA 20 at $0.9557 and EMA 50 at $0.9379, it could pave the way for an impending bullish rally.
In summary, the current correction might lead to a period of consolidation beneath July’s record highs, yet the technical setup supports a favorable outlook for ONDO’s continued ascent. With the prospect of substantial institutional input on the horizon, investors are keenly watching how this unfolds. Will ONDO continue to rally past the next major resistance level of $1.6117? Time will tell, but it’s clear that ONDO is a token to keep firmly on your radar.