- Ondo (ONDO) price held above $1.00 as bulls worked to break a downtrend.
- Momentum from the real-world-asset (RWA) tokenization platform and milestones in total value locked (TVL) have supported the gains.
- Ondo Finance is one of the market’s leading RWA platforms.
With ONDO trading intraday above $1.13—up 5.8% in the past 24 hours—buying pressure could push bulls to target a breakout above $1.20 and ultimately aim for $2.00.
This outlook accompanies Ondo Finance’s TVL climbing past $1.5 billion as the RWA market shows signs of recovery.
Ondo’s TVL Tops $1.5 Billion as RWA Momentum Builds
The Ondo token surged to $1.13 on Friday, reaching its highest level in more than a month.
Ondo’s price has risen about 16% over the past week, narrowing monthly losses and opening the door for a potential technical breakout after breaching its downtrend.
According to DeFiLlama, this rally coincided with Ondo Finance’s TVL rising past the $1.5 billion mark to reach highs near $1.57 billion.
The protocol’s expanding role in the RWA sector has supported this move, with Ondo’s tokenized products central to the growth.
Strong demand for flagship offerings such as OUSG—a short-term tokenized U.S. Treasury fund—and USDY—a yield-bearing stablecoin—has been a primary driver.
RWA token gains have lifted the market capitalization of these assets above $75 billion, while on-chain adoption of tokenized assets has supported more than $29 billion in RWA value.
RWA.xyz reports that Ondo’s OUSG and USDY account for roughly $1.4 billion of that total, with $729 million and $657 million in the two assets respectively.
Ondo’s TVL milestone and RWA traction align with growing demand on Wall Street for tokenized investment opportunities.
Ondo Price Eyes $2.00 Amid Potential Technical Breakout
The TVL increase has helped fuel bullish sentiment for ONDO, and analysts are pointing to a short-term price target near $2.00.
After a decisive rebound from recent lows, a sustained move above $1.00 gives buyers the edge.
If momentum continues, bulls could aim for Ondo’s all-time high of $2.14 set in December 2024.
Price chart of Ondo by TradingView
However, bulls may first need to clear initial resistance around $1.14.
Should that level break, a further rally toward $2.00 and a secondary target near $2.40 could follow.
Broader market conditions, regulatory developments, and institutional support would favor the upside.
Partnerships such as the collaboration with World Liberty Financial and integrations with BlackRock’s BUIDL Fund further underscore institutional interest.
Reaching $1.5 billion in TVL reflects Ondo’s maturation within DeFi, blending yield-generating assets with blockchain efficiency. The global potential of RWA adoption remains a likely catalyst for Ondo’s continued growth.