Ondo Finance has surpassed $3.5 billion in total value locked (TVL) as momentum grows in the tokenized real-world asset (RWA) sector. Despite this significant on-chain growth, the native ONDO token’s price remains under pressure, falling from $1.00 to $0.25 and struggling below key resistance at $0.28914. Technical indicators like the RSI and Awesome Oscillator suggest bearish momentum may be weakening, but no clear price reversal has been confirmed.
Ondo Finance has exceeded $3.5 billion in total value locked as the real-world asset tokenization sector gains momentum. The protocol reportedly attracted half a billion dollars in just one week, according to a crypto analyst known as Immortal.
This surge signals accelerating demand for on-chain representations of traditional financial products. Market participants view the growth as evidence of increasing institutional comfort with blockchain-based exposure, even as the ONDO token’s price action diverges from the on-chain metrics.
Despite the TVL milestone, ONDO’s price reveals a heavy bearish trend. The token is trading below the upper Bollinger Band resistance at $0.28914, with its market structure remaining weak as bulls struggle to reclaim previous support levels.
The Awesome Oscillator shows green signals indicating a potential weakening in bearish momentum. A bullish divergence suggests declining sell pressure, but a definitive reversal is not yet confirmed, with key support currently at $0.23557.
The Relative Strength Index (RSI) reads 39.75, indicating persistent bearish pressure without yet reaching oversold levels. This reading being below 50 suggests a lack of strong bullish momentum in the current market.
The Moving Average Convergence Divergence (MACD) remains in negative territory, confirming the ongoing bearish trend. However, the indicator’s lines have recently crossed, and the histogram has changed color, hinting that negative momentum might be starting to wane.
